Identiv, Inc. (NASDAQ:INVE) CEO Steven Humphreys Acquires 9,000 Shares

Identiv, Inc. (NASDAQ:INVE - Get Free Report) CEO Steven Humphreys bought 9,000 shares of the stock in a transaction dated Tuesday, May 21st. The stock was bought at an average cost of $4.31 per share, for a total transaction of $38,790.00. Following the acquisition, the chief executive officer now directly owns 200,939 shares of the company's stock, valued at approximately $866,047.09. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Steven Humphreys also recently made the following trade(s):

• On Friday, May 17th, Steven Humphreys purchased 10,000 shares of Identiv stock. The stock was bought at an average price of $4.15 per share, for a total transaction of $41,500.00.

Identiv Stock Up 5.7 %

INVE traded up $0.23 on Tuesday, hitting $4.24. The company had a trading volume of 285,112 shares, compared to its average volume of 103,210. Identiv, Inc. has a 12-month low of $4.01 and a 12-month high of $9.26. The business's fifty day simple moving average is $5.75 and its 200 day simple moving average is $6.97. The company has a market cap of $99.13 million, a PE ratio of -11.78 and a beta of 1.39.

Identiv (NASDAQ:INVE - Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The technology company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.06). The company had revenue of $22.49 million during the quarter, compared to the consensus estimate of $23.00 million. Identiv had a negative return on equity of 9.99% and a negative net margin of 6.49%. During the same quarter in the prior year, the business earned ($0.13) earnings per share. On average, analysts anticipate that Identiv, Inc. will post -0.82 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Identiv

Hedge funds have recently bought and sold shares of the business. Assenagon Asset Management S.A. boosted its stake in shares of Identiv by 10.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 108,707 shares of the technology company's stock valued at $896,000 after purchasing an additional 10,543 shares in the last quarter. Citigroup Inc. purchased a new stake in shares of Identiv in the 3rd quarter valued at $459,000. Barclays PLC raised its stake in shares of Identiv by 148.5% during the 3rd quarter. Barclays PLC now owns 11,583 shares of the technology company's stock valued at $97,000 after buying an additional 6,921 shares during the last quarter. Trexquant Investment LP lifted its holdings in Identiv by 74.6% in the third quarter. Trexquant Investment LP now owns 47,022 shares of the technology company's stock valued at $397,000 after acquiring an additional 20,098 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Identiv by 34.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,343 shares of the technology company's stock worth $349,000 after buying an additional 10,636 shares in the last quarter. Institutional investors own 65.16% of the company's stock.

Wall Street Analyst Weigh In

INVE has been the topic of several research reports. StockNews.com cut Identiv from a "hold" rating to a "sell" rating in a report on Monday, May 6th. Craig Hallum reduced their price objective on Identiv from $9.00 to $8.00 and set a "buy" rating on the stock in a research note on Thursday, May 9th. Finally, B. Riley lowered their target price on Identiv from $10.00 to $9.50 and set a "buy" rating for the company in a research report on Wednesday, March 13th.

Identiv Company Profile

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.

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