Identiv, Inc. (NASDAQ:INVE) CEO Steven Humphreys Sells 25,000 Shares of Stock

Identiv, Inc. (NASDAQ:INVE) CEO Steven Humphreys sold 25,000 shares of the stock in a transaction dated Wednesday, October 13th. The stock was sold at an average price of $18.25, for a total value of $456,250.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Monday, October 11th, Steven Humphreys sold 25,000 shares of Identiv stock. The stock was sold at an average price of $18.68, for a total value of $467,000.00.
  • On Wednesday, September 15th, Steven Humphreys sold 25,000 shares of Identiv stock. The stock was sold at an average price of $17.89, for a total value of $447,250.00.
  • On Monday, September 13th, Steven Humphreys sold 25,000 shares of Identiv stock. The shares were sold at an average price of $19.67, for a total value of $491,750.00.

INVE opened at $18.65 on Thursday. Identiv, Inc. has a 12-month low of $5.91 and a 12-month high of $21.18. The stock has a market cap of $413.28 million, a price-to-earnings ratio of -466.25 and a beta of 1.80. The business has a 50 day moving average of $18.12 and a 200-day moving average of $16.14.

Identiv (NASDAQ:INVE) last released its quarterly earnings data on Tuesday, August 3rd. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.04. Identiv had a negative return on equity of 5.79% and a net margin of 0.43%. The company had revenue of $23.99 million during the quarter, compared to analysts’ expectations of $22.69 million.

Several research analysts recently commented on the company. B. Riley increased their price target on Identiv from $22.00 to $26.00 and gave the company a “buy” rating in a research report on Monday, September 20th. Lake Street Capital increased their price target on Identiv from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, September 28th. Finally, Zacks Investment Research cut Identiv from a “buy” rating to a “hold” rating in a research report on Friday, August 6th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ophir Asset Management Pty Ltd acquired a new stake in shares of Identiv in the second quarter valued at approximately $11,437,000. EAM Investors LLC lifted its holdings in Identiv by 81.0% during the 2nd quarter. EAM Investors LLC now owns 236,022 shares of the technology company’s stock worth $4,012,000 after purchasing an additional 105,634 shares during the last quarter. BlackRock Inc. lifted its holdings in Identiv by 1.6% during the 1st quarter. BlackRock Inc. now owns 302,639 shares of the technology company’s stock worth $3,468,000 after purchasing an additional 4,639 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Identiv by 74.2% during the 1st quarter. Geode Capital Management LLC now owns 155,421 shares of the technology company’s stock worth $1,781,000 after purchasing an additional 66,176 shares during the last quarter. Finally, New York State Common Retirement Fund acquired a new stake in Identiv during the 2nd quarter worth approximately $301,000. 58.50% of the stock is owned by institutional investors.

About Identiv

Identiv, Inc engages in the provision of physical security and secure identification solutions. Its products include physical access control and video, logical access control, credentials, and RFID inlays and tags. The firm serves the government, healthcare, airports and aviation, and education. It operates through the Identity and Premises segments.

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Insider Buying and Selling by Quarter for Identiv (NASDAQ:INVE)

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