Key Points
- Insider sale: Director Stephen Jeffrey Garchik sold 50,000 shares at an average price of $1.06 for $53,000, reducing his stake by 4.45% to 1,073,563 shares, with the transaction disclosed in an SEC filing.
- Shares weakening: NASDAQ:AUID opened at $0.97 and was trading down about 4.9%, with a 1-year range of $0.97–$9.58, a market cap of $13.04 million, and technicals showing a 50-day average of $1.98 versus a 200-day average of $3.35.
- Weak fundamentals despite some institutional buying: authID reported a quarterly loss (EPS -$0.38) with severely negative profitability (net margin -728.89%, ROE -180.17%), while institutional investors — owning 8.83% of the stock — have recently added or increased positions.
authID Inc. (NASDAQ:AUID - Get Free Report) Director Stephen Jeffrey Garchik sold 50,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $1.06, for a total value of $53,000.00. Following the completion of the transaction, the director owned 1,073,563 shares of the company's stock, valued at $1,137,976.78. This represents a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
authID Trading Down 4.9%
NASDAQ:AUID opened at $0.97 on Wednesday. authID Inc. has a 1-year low of $0.97 and a 1-year high of $9.58. The stock has a market cap of $13.04 million, a P/E ratio of -0.61 and a beta of 1.61. The stock's 50-day moving average is $1.98 and its 200-day moving average is $3.35.
authID (NASDAQ:AUID - Get Free Report) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.38) EPS for the quarter. The company had revenue of ($0.11) million during the quarter. authID had a negative return on equity of 180.17% and a negative net margin of 728.89%.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. XTX Topco Ltd acquired a new stake in authID in the second quarter worth $77,000. Comerica Bank raised its holdings in shares of authID by 11.7% during the first quarter. Comerica Bank now owns 19,127 shares of the company's stock valued at $93,000 after purchasing an additional 2,000 shares during the period. Private Wealth Asset Management LLC bought a new position in shares of authID during the 2nd quarter worth about $138,000. Corient Private Wealth LLC grew its stake in shares of authID by 136.4% in the 2nd quarter. Corient Private Wealth LLC now owns 52,000 shares of the company's stock valued at $275,000 after buying an additional 30,000 shares during the period. Finally, Connective Capital Management LLC increased its position in authID by 59.1% in the 3rd quarter. Connective Capital Management LLC now owns 120,949 shares of the company's stock valued at $386,000 after buying an additional 44,922 shares in the last quarter. Institutional investors and hedge funds own 8.83% of the company's stock.
About authID
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
