authID (NASDAQ:AUID) Director Ken Jisser Acquires 30,120 Shares

authID Inc. (NASDAQ:AUID) Director Ken Jisser bought 30,120 shares of the firm’s stock in a transaction on Wednesday, April 29th. The shares were bought at an average price of $1.25 per share, for a total transaction of $37,650.00. Following the completion of the transaction, the director directly owned 122,245 shares in the company, valued at approximately $152,806.25. This represents a 32.69% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

authID Stock Down 4.1%

NASDAQ:AUID opened at $1.17 on Friday. The company has a market capitalization of $18.87 million, a PE ratio of -0.84 and a beta of 1.57. authID Inc. has a 52-week low of $0.84 and a 52-week high of $9.58. The stock has a fifty day simple moving average of $1.34 and a 200-day simple moving average of $1.54.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AUID. Scoggin Management LP raised its stake in authID by 60.4% in the 2nd quarter. Scoggin Management LP now owns 400,000 shares of the company’s stock valued at $2,116,000 after purchasing an additional 150,612 shares during the last quarter. Corient Private Wealth LLC increased its stake in shares of authID by 207.7% during the 4th quarter. Corient Private Wealth LLC now owns 160,000 shares of the company’s stock valued at $140,000 after acquiring an additional 108,000 shares during the last quarter. HRT Financial LP acquired a new position in shares of authID during the 4th quarter valued at about $69,000. Connective Capital Management LLC increased its stake in shares of authID by 59.1% during the 3rd quarter. Connective Capital Management LLC now owns 120,949 shares of the company’s stock valued at $386,000 after acquiring an additional 44,922 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of authID by 6.1% during the 3rd quarter. Vanguard Group Inc. now owns 452,384 shares of the company’s stock valued at $1,443,000 after acquiring an additional 25,822 shares during the last quarter. Institutional investors and hedge funds own 8.83% of the company’s stock.

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.