Identiv, Inc. (INVE) Director Gary Kremen Purchases 10,000 Shares
Identiv, Inc. (NASDAQ:INVE) Director Gary Kremen bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were bought at an average price of $4.90 per share, for a total transaction of $49,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Identiv, Inc. (INVE) traded up 3.50% during mid-day trading on Friday, reaching $5.03. The company had a trading volume of 34,297 shares. Identiv, Inc. has a one year low of $1.90 and a one year high of $7.81. The stock has a 50 day moving average price of $5.20 and a 200 day moving average price of $5.55. The company’s market capitalization is $70.76 million.
Identiv (NASDAQ:INVE) last posted its quarterly earnings results on Thursday, August 10th. The technology company reported ($0.09) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.01. Identiv had a negative net margin of 7.53% and a negative return on equity of 50.00%. The firm had revenue of $14.84 million for the quarter, compared to analysts’ expectations of $14.71 million. During the same quarter in the prior year, the company posted ($0.27) earnings per share. On average, equities analysts expect that Identiv, Inc. will post ($0.18) earnings per share for the current fiscal year.
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Large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its stake in Identiv by 32.0% in the fourth quarter. Renaissance Technologies LLC now owns 234,940 shares of the technology company’s stock worth $747,000 after buying an additional 56,980 shares during the last quarter. Essex Investment Management Co. LLC boosted its stake in Identiv by 163.1% in the first quarter. Essex Investment Management Co. LLC now owns 145,935 shares of the technology company’s stock worth $1,030,000 after buying an additional 90,462 shares during the last quarter. EAM Investors LLC purchased a new stake in Identiv during the first quarter worth approximately $688,000. Royce & Associates LP boosted its stake in Identiv by 10.1% in the first quarter. Royce & Associates LP now owns 656,589 shares of the technology company’s stock worth $4,636,000 after buying an additional 60,000 shares during the last quarter. Finally, UBS Group AG boosted its stake in Identiv by 11.3% in the first quarter. UBS Group AG now owns 15,579 shares of the technology company’s stock worth $110,000 after buying an additional 1,579 shares during the last quarter. Hedge funds and other institutional investors own 23.06% of the company’s stock.
Several research firms recently issued reports on INVE. Zacks Investment Research lowered Identiv from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. Northland Securities set a $10.00 target price on Identiv and gave the stock a “buy” rating in a report on Monday, August 7th.
Identiv, Inc is a global security technology company. The Company operates through four segments: Physical access control systems (PACS), Identity, Credentials and All Other. PACS segment provides solutions and services that enable the issuance, management and use of secure identity credentials in diverse markets.
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