Insider Buying: Identiv, Inc. (NASDAQ:INVE) CFO Acquires $21,008.00 in Stock

Identiv, Inc. (NASDAQ:INVE) CFO Justin Scarpulla bought 6,565 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was purchased at an average price of $3.20 per share, with a total value of $21,008.00. Following the transaction, the chief financial officer now owns 231,178 shares in the company, valued at approximately $739,769.60. This represents a 2.92 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Identiv Trading Down 1.5 %

Shares of NASDAQ INVE opened at $3.36 on Thursday. The company has a market cap of $80.25 million, a price-to-earnings ratio of 1.10 and a beta of 1.38. Identiv, Inc. has a 12-month low of $2.95 and a 12-month high of $8.52. The stock’s 50 day simple moving average is $3.53 and its 200 day simple moving average is $3.62.

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

Institutional Trading of Identiv

Several hedge funds have recently added to or reduced their stakes in INVE. Raymond James Financial Inc. bought a new stake in Identiv during the 4th quarter valued at $37,000. Occudo Quantitative Strategies LP bought a new stake in Identiv during the 4th quarter valued at $49,000. Marshall Wace LLP bought a new stake in Identiv during the 4th quarter valued at $51,000. Jane Street Group LLC bought a new stake in Identiv during the 4th quarter valued at $54,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Identiv during the 3rd quarter valued at $228,000. Institutional investors own 65.16% of the company’s stock.

Analyst Ratings Changes

Separately, Lake Street Capital cut their price target on 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.