Identiv, Inc. (NASDAQ:INVE) CEO Steven Humphreys Purchases 9,000 Shares

Identiv, Inc. (NASDAQ:INVE) CEO Steven Humphreys purchased 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was acquired at an average price of $4.31 per share, for a total transaction of $38,790.00. Following the acquisition, the chief executive officer now owns 200,939 shares in the company, valued at approximately $866,047.09. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Steven Humphreys also recently made the following trade(s):

• On Friday, May 17th, Steven Humphreys acquired 10,000 shares of Identiv stock. The stock was acquired at an average cost of $4.15 per share, for a total transaction of $41,500.00.

Identiv Price Performance

Shares of INVE opened at $4.14 on Friday. Identiv, Inc. has a 12 month low of $4.01 and a 12 month high of $9.26. The stock’s 50 day moving average is $5.62 and its two-hundred day moving average is $6.93.

Identiv (NASDAQ:INVE) last posted its quarterly earnings data on Wednesday, May 8th. The technology company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.06). Identiv had a negative return on equity of 9.99% and a negative net margin of 6.49%. The company had revenue of $22.49 million for the quarter, compared to analyst estimates of $23.00 million. During the same quarter in the prior year, the company posted ($0.13) earnings per share. On average, analysts forecast that Identiv, Inc. will post -0.82 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. B. Riley decreased their target price on shares of Identiv from $10.00 to $9.50 and set a “buy” rating for the company in a research report on Wednesday, March 13th. Craig Hallum lowered their price objective on Identiv from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Finally, StockNews.com cut shares of Identiv from a “hold” rating to a “sell” rating in a report on Monday, May 6th.

Institutional Investors Weigh In On Identiv

Institutional investors have recently bought and sold shares of the company. Barclays PLC raised its position in shares of Identiv by 148.5% in the third 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 during the last quarter. Potomac Capital Management Inc. grew 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 valued at $169,000 after acquiring an additional 10,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Identiv by 34.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,343 shares of the technology company’s stock valued at $349,000 after acquiring an additional 10,636 shares during the last quarter. Trexquant Investment LP lifted its stake in Identiv by 74.6% in 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 in the last quarter. Finally, Citigroup Inc. acquired a new position in shares of Identiv during the 3rd quarter worth approximately $459,000. 65.16% of the stock is currently owned by institutional investors and hedge funds.

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.