Kirsten F. Newquist Purchases 19,000 Shares of Identiv, Inc. (NASDAQ:INVE) Stock

Identiv, Inc. (NASDAQ:INVE) CEO Kirsten F. Newquist bought 19,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $3.32 per share, with a total value of $63,080.00. Following the purchase, the chief executive officer now owns 258,931 shares of the company’s stock, valued at $859,650.92. The trade was a 7.92 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Identiv Stock Performance

INVE opened at $3.36 on Thursday. The business’s 50-day simple moving average is $3.53 and its 200-day simple moving average is $3.62. The stock has a market capitalization of $80.25 million, a P/E ratio of 1.10 and a beta of 1.38. Identiv, Inc. has a one year low of $2.95 and a one year high of $8.52.

Identiv (NASDAQ:INVE) last announced its earnings results on Wednesday, March 5th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.14. Identiv had a net margin of 113.62% and a negative return on equity of 20.60%. The business had revenue of $6.70 million for the quarter, compared to analyst estimates of $6.12 million. During the same period last year, the firm posted $0.02 earnings per share. On average, equities research analysts forecast that Identiv, Inc. will post -1.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Identiv

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in shares of Identiv by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 282,303 shares of the technology company’s stock worth $1,033,000 after buying an additional 5,844 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Identiv during the 4th quarter valued at approximately $37,000. Occudo Quantitative Strategies LP acquired a new stake in Identiv during the 4th quarter worth approximately $49,000. Marshall Wace LLP acquired a new position in shares of Identiv in the fourth quarter valued at approximately $51,000. Finally, Jane Street Group LLC acquired a new position in shares of Identiv in the fourth quarter valued at approximately $54,000. 65.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Lake Street Capital cut their price objective on shares of Identiv from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, March 6th.

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.