Private Wealth Asset Management LLC Takes Position in authID Inc. $AUID

Private Wealth Asset Management LLC purchased a new position in shares of authID Inc. (NASDAQ:AUID) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 26,052 shares of the company’s stock, valued at approximately $138,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Comerica Bank lifted its position in shares of authID by 11.7% in the first quarter. Comerica Bank now owns 19,127 shares of the company’s stock valued at $93,000 after buying an additional 2,000 shares during the last quarter. Scoggin Management LP raised its stake in authID by 42.5% in the 1st quarter. Scoggin Management LP now owns 249,388 shares of the company’s stock valued at $1,210,000 after acquiring an additional 74,388 shares during the period. Finally, Wealthspire Advisors LLC lifted its holdings in authID by 1,717.0% during the 1st quarter. Wealthspire Advisors LLC now owns 542,693 shares of the company’s stock valued at $2,632,000 after purchasing an additional 512,826 shares during the last quarter. Institutional investors own 8.83% of the company’s stock.

authID Price Performance

Shares of authID stock opened at $2.66 on Thursday. The business has a fifty day simple moving average of $3.46 and a two-hundred day simple moving average of $4.72. authID Inc. has a 1 year low of $2.20 and a 1 year high of $9.58. The company has a market capitalization of $35.75 million, a price-to-earnings ratio of -1.74 and a beta of 1.59.

authID (NASDAQ:AUID) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.33) earnings per share for the quarter. The company had revenue of $1.45 million during the quarter. authID had a negative net margin of 761.83% and a negative return on equity of 139.80%.

Insider Transactions at authID

In other authID news, CTO Thomas Robert Szoke sold 8,944 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $2.93, for a total transaction of $26,205.92. Following the completion of the sale, the chief technology officer directly owned 5,269 shares in the company, valued at $15,438.17. This trade represents a 62.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 10,249 shares of company stock worth $30,797 in the last three months. Company insiders own 7.20% of the company’s stock.

authID Profile

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.