Stephen Jeffrey Garchik Buys 12,000 Shares of authID Inc. (NASDAQ:AUID) Stock

authID Inc. (NASDAQ:AUID) major shareholder Stephen Jeffrey Garchik bought 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were bought at an average price of $6.85 per share, with a total value of $82,200.00. Following the completion of the purchase, the insider now owns 1,163,096 shares in the company, valued at $7,967,207.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Stephen Jeffrey Garchik also recently made the following trade(s):

• On Friday, April 12th, Stephen Jeffrey Garchik acquired 10,500 shares of authID stock. The stock was acquired at an average price of $7.69 per share, with a total value of $80,745.00.
• On Tuesday, January 30th, Stephen Jeffrey Garchik acquired 2,500 shares of authID stock. The stock was acquired at an average price of $9.10 per share, with a total value of $22,750.00.

authID Trading Down 6.3 %

AUID opened at $7.52 on Friday. The firm’s 50-day simple moving average is $8.56 and its 200-day simple moving average is $8.56. The company has a quick ratio of 6.55, a current ratio of 6.55 and a debt-to-equity ratio of 0.02. authID Inc. has a twelve month low of $2.45 and a twelve month high of $13.63.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AUID. Leo Wealth LLC bought a new position in shares of authID in the 4th quarter valued at about $1,232,000. Johnson Financial Group Inc. boosted its stake in shares of authID by 100.0% in the 4th quarter. Johnson Financial Group Inc. now owns 40,610 shares of the company’s stock valued at $384,000 after purchasing an additional 20,305 shares during the last quarter. Finally, Wealthspire Advisors LLC raised its position in shares of authID by 126.3% in the 4th quarter. Wealthspire Advisors LLC now owns 29,867 shares of the company’s stock valued at $283,000 after acquiring an additional 16,667 shares during the period. Institutional investors own 8.83% of the company’s stock.

About authID

authID Inc provides secure, biometric, identity verification, and strong passwordless and biometric authentication for consumer and workforce applications worldwide. The company offers solutions through its Verified platform to enable their users to easily verify and authenticate their identity through a mobile device or desktop.