Occudo Quantitative Strategies LP Acquires New Holdings in Identiv, Inc. (NASDAQ:INVE)

Occudo Quantitative Strategies LP acquired a new stake in shares of Identiv, Inc. (NASDAQ:INVE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,414 shares of the technology company’s stock, valued at approximately $49,000.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Identiv during the fourth quarter valued at approximately $37,000. Marshall Wace LLP purchased a new position in Identiv during the fourth quarter valued at approximately $51,000. Jane Street Group LLC purchased a new position in Identiv during the fourth quarter valued at approximately $54,000. Renaissance Technologies LLC increased its holdings in Identiv by 94.0% during the fourth quarter. Renaissance Technologies LLC now owns 176,710 shares of the technology company’s stock valued at $647,000 after buying an additional 85,628 shares during the period. Finally, Millennium Management LLC increased its holdings in Identiv by 56.6% during the fourth quarter. Millennium Management LLC now owns 235,254 shares of the technology company’s stock valued at $861,000 after buying an additional 85,020 shares during the period. 65.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Identiv

In other news, CEO Kirsten F. Newquist bought 19,000 shares of the stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $3.32 per share, for a total transaction of $63,080.00. Following the completion of the purchase, the chief executive officer now directly owns 258,931 shares in the company, valued at approximately $859,650.92. The trade was a 7.92% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.60% of the stock is owned by insiders.

Identiv Stock Up 6.1%

Shares of INVE opened at $3.29 on Monday. The company has a market cap of $77.70 million, a price-to-earnings ratio of 1.08 and a beta of 1.51. Identiv, Inc. has a twelve month low of $2.86 and a twelve month high of $4.68. The company has a 50 day moving average of $3.21 and a two-hundred day moving average of $3.52.

Identiv (NASDAQ:INVE) last announced its earnings results on Wednesday, May 7th. The technology company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.03. The company had revenue of $5.27 million during the quarter, compared to the consensus estimate of $4.95 million. Identiv had a net margin of 113.62% and a negative return on equity of 20.60%. On average, sell-side analysts expect that Identiv, Inc. will post -1.11 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on INVE. StockNews.com lowered shares of Identiv from a “hold” rating to a “sell” rating in a report on Thursday, March 20th. Lake Street Capital lowered their target price on shares of Identiv from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Thursday, May 8th.

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.