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

Identiv, Inc. (NASDAQ:INVE) CFO Justin Scarpulla bought 6,565 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was bought at an average cost of $3.20 per share, for a total transaction of $21,008.00. Following the transaction, the chief financial officer now directly owns 231,178 shares of the company’s stock, valued at $739,769.60. The trade was a 2.92 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Identiv Stock Performance

Shares of INVE opened at $3.20 on Tuesday. The stock has a market capitalization of $76.43 million, a PE ratio of 1.05 and a beta of 1.38. Identiv, Inc. has a 1 year low of $2.95 and a 1 year high of $8.52. The company’s 50-day simple moving average is $3.55 and its 200-day simple moving average is $3.63.

Identiv (NASDAQ:INVE) last issued its quarterly earnings results on Wednesday, March 5th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.14. The business had revenue of $6.70 million for the quarter, compared to analysts’ expectations of $6.12 million. Identiv had a net margin of 113.62% and a negative return on equity of 20.60%. During the same quarter in the prior year, the company earned $0.02 earnings per share. On average, sell-side analysts predict that Identiv, Inc. will post -1.11 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Trading of Identiv

Hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its holdings in 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 acquiring an additional 5,844 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Identiv in the fourth quarter valued at approximately $37,000. Occudo Quantitative Strategies LP acquired a new stake in Identiv in the fourth quarter valued at approximately $49,000. Marshall Wace LLP acquired a new stake in Identiv in the fourth quarter valued at approximately $51,000. Finally, Jane Street Group LLC acquired a new stake in Identiv in the fourth quarter valued at approximately $54,000. 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.