Identiv, Inc. (NASDAQ:INVE) CFO Justin Scarpulla Buys 6,565 Shares of Stock

Identiv, Inc. (NASDAQ:INVE) CFO Justin Scarpulla bought 6,565 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were acquired at an average cost of $3.20 per share, with a total value of $21,008.00. Following the acquisition, the chief financial officer now directly owns 231,178 shares of the company’s stock, valued at approximately $739,769.60. This represents a 2.92 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Identiv Stock Up 0.6 %

Identiv stock opened at $3.20 on Tuesday. Identiv, Inc. has a 52-week low of $2.95 and a 52-week high of $8.52. The firm has a market capitalization of $76.43 million, a price-to-earnings ratio of 1.05 and a beta of 1.38. The company has a fifty day simple moving average of $3.55 and a 200-day simple moving average of $3.63.

Identiv (NASDAQ:INVE) last announced its quarterly earnings data on Wednesday, March 5th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $6.70 million during the quarter, compared to analyst estimates of $6.12 million. During the same quarter in the prior year, the firm posted $0.02 earnings per share. On average, research analysts anticipate that Identiv, Inc. will post -1.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Identiv

A number of hedge funds have recently modified their holdings of the company. Occudo Quantitative Strategies LP purchased a new stake in shares of Identiv in the fourth quarter valued at about $49,000. Millennium Management LLC grew its holdings in shares of Identiv by 56.6% in the fourth quarter. Millennium Management LLC now owns 235,254 shares of the technology company’s stock valued at $861,000 after purchasing an additional 85,020 shares during the period. Jane Street Group LLC purchased a new stake in shares of Identiv in the fourth quarter valued at about $54,000. Boothbay Fund Management LLC grew its holdings in shares of Identiv by 183.1% in the fourth quarter. Boothbay Fund Management LLC now owns 250,883 shares of the technology company’s stock valued at $918,000 after purchasing an additional 162,248 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Identiv by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 282,303 shares of the technology company’s stock valued at $1,033,000 after purchasing an additional 5,844 shares during the period. Hedge funds and other institutional investors own 65.16% of the company’s stock.

Analyst Ratings Changes

Separately, Lake Street Capital dropped their target price on shares of Identiv from $7.00 to $6.00 and set a “buy” rating for the company 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.