Kirsten F. Newquist Buys 19,000 Shares of Identiv, Inc. (NASDAQ:INVE) Stock

Identiv, Inc. (NASDAQ:INVE) CEO Kirsten F. Newquist bought 19,000 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $3.32 per share, for a total transaction of $63,080.00. Following the completion of the transaction, the chief executive officer now directly owns 258,931 shares of the company’s stock, valued at $859,650.92. This trade represents a 7.92 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Identiv Stock Performance

Shares of INVE opened at $3.41 on Wednesday. The firm has a market capitalization of $81.45 million, a price-to-earnings ratio of 1.11 and a beta of 1.38. Identiv, Inc. has a one year low of $2.95 and a one year high of $8.52. The stock’s fifty day moving average is $3.53 and its 200-day moving average is $3.62.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Identiv during the fourth quarter valued at about $37,000. Occudo Quantitative Strategies LP bought a new position in Identiv during the fourth quarter valued at about $49,000. Marshall Wace LLP bought a new position in Identiv during the fourth quarter valued at about $51,000. Jane Street Group LLC bought a new position in Identiv during the fourth quarter valued at about $54,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of Identiv in the 3rd quarter valued at $228,000. Institutional investors own 65.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital lowered 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.