authID (NASDAQ:AUID) Trading Down 6.9% – Here’s Why

authID Inc. (NASDAQ:AUID) traded down 6.9% during trading on Tuesday . The company traded as low as $4.82 and last traded at $5.02. 18,059 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 25,779 shares. The stock had previously closed at $5.39.

authID Stock Down 6.9 %

The business’s fifty day moving average price is $6.23 and its 200 day moving average price is $6.88.

Insiders Place Their Bets

In other authID news, Director Ken Jisser acquired 8,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were acquired at an average cost of $6.48 per share, for a total transaction of $51,840.00. Following the transaction, the director now directly owns 51,475 shares of the company’s stock, valued at approximately $333,558. This represents a 18.40 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Rhoniel Daguro bought 4,000 shares of the stock in a transaction on Monday, December 9th. The shares were bought at an average price of $6.48 per share, for a total transaction of $25,920.00. Following the acquisition, the chief executive officer now owns 24,833 shares in the company, valued at $160,917.84. The trade was a 19.20 % increase in their position. The disclosure for this purchase can be found here. 6.60% of the stock is currently owned by insiders.

Institutional Trading of authID

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its position in authID by 43.8% during the third quarter. Geode Capital Management LLC now owns 97,847 shares of the company’s stock worth $616,000 after purchasing an additional 29,810 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of authID by 40.8% during the 4th quarter. Corient Private Wealth LLC now owns 22,000 shares of the company’s stock worth $132,000 after buying an additional 6,375 shares during the last quarter. Northern Trust Corp raised its position in shares of authID by 25.8% in the 4th quarter. Northern Trust Corp now owns 13,036 shares of the company’s stock worth $78,000 after buying an additional 2,675 shares during the period. Finally, Comerica Bank boosted its holdings in authID by 58.2% in the fourth quarter. Comerica Bank now owns 17,127 shares of the company’s stock valued at $103,000 after acquiring an additional 6,300 shares during the last quarter. 8.83% of the stock is owned by hedge funds and other institutional investors.

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.