authID (NASDAQ:AUID) Director Acquires $150,602.50 in Stock

authID Inc. (NASDAQ:AUID) Director Stephen Jeffrey Garchik acquired 120,482 shares of the stock in a transaction that occurred on Wednesday, April 29th. The stock was purchased at an average price of $1.25 per share, for a total transaction of $150,602.50. Following the completion of the transaction, the director owned 291,316 shares in the company, valued at $364,145. The trade was a 70.53% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

authID Stock Performance

Shares of authID stock opened at $1.17 on Monday. The company has a market cap of $18.87 million, a P/E ratio of -0.84 and a beta of 1.57. authID Inc. has a one year low of $0.84 and a one year high of $9.58. The firm has a fifty day moving average of $1.34 and a two-hundred day moving average of $1.52.

authID (NASDAQ:AUID) last issued its earnings results on Tuesday, March 31st. The company reported ($0.28) earnings per share for the quarter. authID had a negative net margin of 653.77% and a negative return on equity of 187.96%. The firm had revenue of ($0.30) million during the quarter.

Hedge Funds Weigh In On authID

A number of large investors have recently modified their holdings of the business. XTX Topco Ltd acquired a new stake in shares of authID in the 2nd quarter valued at approximately $77,000. Comerica Bank lifted its position in shares of authID by 11.7% during the 1st quarter. Comerica Bank now owns 19,127 shares of the company’s stock valued at $93,000 after acquiring an additional 2,000 shares during the period. Corient Private Wealth LLC boosted its stake in shares of authID by 136.4% during the 2nd quarter. Corient Private Wealth LLC now owns 52,000 shares of the company’s stock worth $275,000 after acquiring an additional 30,000 shares in the last quarter. HRT Financial LP purchased a new stake in shares of authID during the 4th quarter worth approximately $69,000. Finally, Connective Capital Management LLC grew its holdings in shares of authID by 59.1% in the 3rd quarter. Connective Capital Management LLC now owns 120,949 shares of the company’s stock worth $386,000 after acquiring an additional 44,922 shares during the period. 8.83% of the stock is owned by hedge funds and other institutional investors.

authID Company Profile

authID (NASDAQ: AUID) is a technology company specializing in digital identity verification and biometric authentication solutions. The company offers a cloud-based platform designed to help organizations securely verify user identities, prevent account takeover and reduce fraud. Leveraging artificial intelligence and machine learning, authID’s software supports biometric modalities including facial recognition, voice verification and liveness detection to ensure that customers are who they claim to be.

The company’s flagship product suite enables enterprises to integrate identity proofing and continuous authentication into their online and mobile applications.