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

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

Identiv Stock Performance

Shares of NASDAQ INVE traded up $0.13 during midday trading on Friday, reaching $3.42. 116,979 shares of the stock were exchanged, compared to its average volume of 84,797. The stock has a market capitalization of $81.69 million, a P/E ratio of 1.12 and a beta of 1.38. The company has a 50 day simple moving average of $3.53 and a 200 day simple moving average of $3.62. Identiv, Inc. has a twelve month low of $2.95 and a twelve month high of $8.52.

Identiv (NASDAQ:INVE - Get Free Report) last posted its 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. 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 during the quarter, compared to analysts' expectations of $6.12 million. During the same quarter last year, the firm earned $0.02 earnings per share. On average, research analysts expect that Identiv, Inc. will post -1.11 earnings per share for the current year.

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Institutional Trading of Identiv

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Royce & Associates LP boosted its stake in Identiv by 11.1% during the third quarter. Royce & Associates LP now owns 1,373,743 shares of the technology company's stock worth $4,849,000 after buying an additional 137,034 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in shares of Identiv in the 3rd quarter worth approximately $228,000. Raymond James Financial Inc. purchased a new position in shares of Identiv during the 4th quarter worth approximately $37,000. Renaissance Technologies LLC increased its holdings in Identiv by 94.0% in the 4th quarter. Renaissance Technologies LLC now owns 176,710 shares of the technology company's stock valued at $647,000 after purchasing an additional 85,628 shares during the last quarter. Finally, Portolan Capital Management LLC raised its position in Identiv by 3.8% in the fourth quarter. Portolan Capital Management LLC now owns 1,046,924 shares of the technology company's stock valued at $3,832,000 after purchasing an additional 38,704 shares during the period. 65.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on INVE shares. StockNews.com downgraded Identiv from a "hold" rating to a "sell" rating in a research report on Thursday. Lake Street Capital cut their target price on Identiv from $7.00 to $6.00 and set a "buy" rating for the company in a research note 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.