Identiv, Inc. (NASDAQ:INVE) Director James E. Ousley Sells 5,555 Shares

Identiv, Inc. (NASDAQ:INVE) Director James E. Ousley sold 5,555 shares of the stock in a transaction on Friday, September 17th. The stock was sold at an average price of $18.85, for a total value of $104,711.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NASDAQ INVE opened at $19.12 on Thursday. The company has a market cap of $423.70 million, a PE ratio of -478.00 and a beta of 1.80. The business has a 50-day simple moving average of $16.95 and a two-hundred day simple moving average of $15.32. Identiv, Inc. has a fifty-two week low of $5.51 and a fifty-two week high of $20.50.

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

INVE has been the topic of a number of recent research reports. Zacks Investment Research downgraded Identiv from a “buy” rating to a “hold” rating in a research report on Friday, August 6th. B. Riley raised their price target on Identiv from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Monday.

Several institutional investors have recently bought and sold shares of INVE. Royal Bank of Canada increased its position 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 worth $41,000 after purchasing an additional 780 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Identiv during the second quarter worth approximately $28,000. Legal & General Group Plc purchased a new stake in shares of Identiv during the second quarter worth approximately $36,000. Northern Trust Corp increased its position in shares of Identiv by 12.7% during the first quarter. Northern Trust Corp now owns 34,515 shares of the technology company’s stock worth $396,000 after purchasing an additional 3,895 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Identiv by 1.6% during the first 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 in the last quarter. Institutional investors and hedge funds own 58.50% of the company’s stock.

Identiv Company Profile

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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