Occudo Quantitative Strategies LP Acquires Shares of 13,414 Identiv, Inc. (NASDAQ:INVE)

Occudo Quantitative Strategies LP acquired a new stake in shares of Identiv, Inc. (NASDAQ:INVE) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 13,414 shares of the technology company’s stock, valued at approximately $49,000. Occudo Quantitative Strategies LP owned about 0.06% of Identiv as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in INVE. Royce & Associates LP lifted its holdings in shares of Identiv by 8.6% in the 4th quarter. Royce & Associates LP now owns 1,491,570 shares of the technology company’s stock valued at $5,459,000 after acquiring an additional 117,827 shares during the last quarter. Portolan Capital Management LLC lifted its holdings in shares of Identiv by 3.8% in the 4th quarter. Portolan Capital Management LLC now owns 1,046,924 shares of the technology company’s stock valued at $3,832,000 after acquiring an additional 38,704 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Identiv by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 282,303 shares of the technology company’s stock valued at $1,033,000 after acquiring an additional 5,844 shares during the last quarter. Boothbay Fund Management LLC lifted its holdings in shares of Identiv by 183.1% in the 4th quarter. Boothbay Fund Management LLC now owns 250,883 shares of the technology company’s stock valued at $918,000 after acquiring an additional 162,248 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Identiv by 56.6% in the 4th quarter. Millennium Management LLC now owns 235,254 shares of the technology company’s stock valued at $861,000 after acquiring an additional 85,020 shares during the last quarter. Institutional investors own 65.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Lake Street Capital lowered their price target on shares of Identiv from $6.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, May 8th. StockNews.com lowered shares of Identiv from a “hold” rating to a “sell” rating in a research report on Thursday, March 20th.

Insider Buying and Selling

In related news, CEO Kirsten F. Newquist bought 19,000 shares of Identiv stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $3.32 per share, with a total value of $63,080.00. Following the completion of the transaction, the chief executive officer now owns 258,931 shares in the company, valued at $859,650.92. The trade was a 7.92% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.60% of the stock is currently owned by corporate insiders.

Identiv Price Performance

Identiv stock opened at $3.29 on Monday. Identiv, Inc. has a 1-year low of $2.86 and a 1-year high of $4.68. The firm has a market capitalization of $77.70 million, a P/E ratio of 1.08 and a beta of 1.51. The company’s 50-day moving average is $3.21 and its 200 day moving average is $3.52.

Identiv (NASDAQ:INVE) last posted its quarterly earnings data on Wednesday, May 7th. The technology company reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.03. Identiv had a net margin of 113.62% and a negative return on equity of 20.60%. The company had revenue of $5.27 million for the quarter, compared to analyst estimates of $4.95 million. Research analysts anticipate that Identiv, Inc. will post -1.11 earnings per share for the current fiscal year.

About Identiv

Identiv, Inc, a security technology company, that provides secure identification and physical security solutions that secure things, data, and physical places worldwide. It operates in two segments, Identity and Premises. The Identity segment offers products and solutions that enables secure access to information serving the logical access and cyber security markets, as well as protecting connected objects and information using radio-frequency identification embedded security.