T Stamp (NASDAQ:IDAI) CEO Gareth Neville Genner Acquires 9,394 Shares

T Stamp Inc. (NASDAQ:IDAI) CEO Gareth Neville Genner acquired 9,394 shares of T Stamp stock in a transaction on Thursday, August 20th. The stock was acquired at an average cost of $3.04 per share, for a total transaction of $28,557.76. Following the completion of the purchase, the chief executive officer owned 150,075 shares of the company’s stock, valued at approximately $456,228. The trade was a 6.68% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Gareth Neville Genner also recently made the following trade(s):

• On Wednesday, August 19th, Gareth Neville Genner bought 606 shares of T Stamp stock. The shares were acquired at an average price of $2.55 per share, with a total value of $1,545.30.
• On Thursday, August 20th, Gareth Neville Genner purchased 800 shares of T Stamp stock. The stock was bought at an average cost of $3.09 per share, for a total transaction of $2,472.00.
• On Tuesday, August 18th, Gareth Neville Genner purchased 6,500 shares of T Stamp stock. The stock was bought at an average price of $2.48 per share, for a total transaction of $16,120.00.

T Stamp Trading Up 1.3%

Shares of T Stamp stock traded up $0.04 during trading on Friday, reaching $3.22. 40,111 shares of the company were exchanged, compared to its average volume of 68,158. The business has a 50-day moving average price of $2.24 and a 200-day moving average price of $2.41. The firm has a market capitalization of $18.16 million, a price-to-earnings ratio of -1.60 and a beta of 0.70. The company has a quick ratio of 6.48, a current ratio of 6.48 and a debt-to-equity ratio of 1.28. T Stamp Inc. has a twelve month low of $1.17 and a twelve month high of $5.28.

T Stamp (NASDAQ:IDAI) last released its earnings results on Thursday, August 13th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.14). T Stamp had a negative net margin of 272.78% and a negative return on equity of 137.70%. The company had revenue of $0.90 million during the quarter, compared to analyst estimates of $0.90 million. Sell-side analysts anticipate that T Stamp Inc. will post -1.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of T Stamp to a “hold” rating in a research note on Wednesday, May 20th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

Hedge Funds Weigh In On T Stamp

Several institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC bought a new position in T Stamp in the fourth quarter valued at approximately $220,000. Dimensional Fund Advisors LP bought a new stake in shares of T Stamp during the first quarter worth $44,000. Kestra Advisory Services LLC raised its holdings in shares of T Stamp by 7.7% during the first quarter. Kestra Advisory Services LLC now owns 56,050 shares of the company’s stock worth $134,000 after acquiring an additional 4,000 shares during the period. Geode Capital Management LLC raised its holdings in shares of T Stamp by 67.7% during the fourth quarter. Geode Capital Management LLC now owns 32,517 shares of the company’s stock worth $127,000 after acquiring an additional 13,125 shares during the period. Finally, MidFirst Bank bought a new stake in T Stamp in the 4th quarter valued at $30,000. 16.34% of the stock is currently owned by institutional investors and hedge funds.

About T Stamp

T Stamp Inc develops and markets identity authentication software solutions for government and enterprise partners, and peer-to-peer markets worldwide. It develops proprietary artificial intelligence-powered solutions, researching and leveraging machine learning, artificial intelligence, biometric science, cryptography, and data mining to deliver insightful identity and trust predictions that identify and defend against fraudulent identity attacks, protect sensitive user information, and extend the reach of digital services through global accessibility.