Identiv, Inc. (NASDAQ:INVE) Insider Purchases $76,732.02 in Stock

Identiv, Inc. (NASDAQ:INVE - Get Free Report) insider Kirsten F. Newquist acquired 17,166 shares of the company's stock in a transaction on Thursday, May 23rd. The stock was purchased at an average cost of $4.47 per share, for a total transaction of $76,732.02. Following the completion of the transaction, the insider now owns 17,166 shares in the company, valued at approximately $76,732.02. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Identiv Price Performance

Shares of Identiv stock traded down $0.07 during trading hours on Thursday, hitting $4.14. The company had a trading volume of 139,222 shares, compared to its average volume of 104,274. The company's 50-day moving average is $5.62 and its two-hundred day moving average is $6.93. Identiv, Inc. has a twelve month low of $4.01 and a twelve month high of $9.26. The company has a market cap of $96.79 million, a P/E ratio of -11.50 and a beta of 1.39.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on INVE shares. StockNews.com downgraded shares of Identiv from a "hold" rating to a "sell" rating in a research report on Monday, May 6th. Craig Hallum dropped their price objective on shares of Identiv from $9.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, May 9th. Finally, B. Riley dropped their price objective on shares of Identiv from $10.00 to $9.50 and set a "buy" rating on the stock in a research report on Wednesday, March 13th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Barclays PLC boosted its holdings in shares of Identiv by 148.5% in 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 in the last quarter. Potomac Capital Management Inc. boosted its stake in Identiv by 100.0% during the 3rd quarter. Potomac Capital Management Inc. now owns 20,000 shares of the technology company's stock worth $169,000 after purchasing an additional 10,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Identiv by 34.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,343 shares of the technology company's stock worth $349,000 after purchasing an additional 10,636 shares during the period. Trexquant Investment LP boosted its stake in Identiv by 74.6% during the 3rd quarter. Trexquant Investment LP now owns 47,022 shares of the technology company's stock worth $397,000 after purchasing an additional 20,098 shares during the period. Finally, Citigroup Inc. acquired a new stake in Identiv during the 3rd quarter worth $459,000. Institutional investors and hedge funds own 65.16% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.