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

Identiv, Inc. (NASDAQ:INVE) CEO Steven Humphreys sold 25,000 shares of the stock in a transaction dated Monday, September 13th. The stock was sold at an average price of $19.67, for a total transaction of $491,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • 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 transaction of $447,250.00.

NASDAQ INVE opened at $19.19 on Friday. The firm has a market cap of $425.25 million, a price-to-earnings ratio of -479.75 and a beta of 1.80. The company has a 50 day moving average of $16.78 and a 200-day moving average of $15.12. Identiv, Inc. has a 1-year low of $5.51 and a 1-year high of $20.50.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new stake in shares of Identiv during the second quarter valued at approximately $28,000. Legal & General Group Plc bought a new stake in shares of Identiv during the second quarter valued at approximately $36,000. Royal Bank of Canada grew its stake in shares of Identiv by 47.7% during the second quarter. Royal Bank of Canada now owns 2,415 shares of the technology company’s stock valued at $41,000 after purchasing an additional 780 shares during the last quarter. Metropolitan Life Insurance Co NY bought a new stake in shares of Identiv during the second quarter valued at approximately $100,000. Finally, Bank of America Corp DE grew its stake in shares of Identiv by 193.7% during the second quarter. Bank of America Corp DE now owns 7,275 shares of the technology company’s stock valued at $124,000 after purchasing an additional 4,798 shares during the last quarter. 58.50% of the stock is owned by institutional investors.

Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Identiv from a “buy” rating to a “hold” rating in a research report on Friday, August 6th. B. Riley increased their price target on shares of Identiv from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, June 7th.

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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