Key Points
- CEO Gareth Neville Genner purchased 6,500 T Stamp shares at an average price of $2.48, investing $16,120 and increasing his ownership by 4.9% to 139,275 shares. He also bought an additional 800 shares for $2,472 at $3.09 each.
- T Stamp reported a quarterly loss of $0.48 per share, missing analyst expectations of a $0.34 loss, while revenue of $0.90 million matched estimates. Analysts project a full-year loss of $1.39 per share.
- The stock opened at $3.18, with a market capitalization of approximately $17.94 million; analyst coverage reflects a “Moderate Buy” consensus and a $12.00 average price target.
T Stamp Inc. (NASDAQ:IDAI - Get Free Report) CEO Gareth Neville Genner bought 6,500 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The shares were bought at an average cost of $2.48 per share, for a total transaction of $16,120.00. Following the completion of the purchase, the chief executive officer owned 139,275 shares of the company's stock, valued at $345,402. This represents a 4.90% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Gareth Neville Genner also recently made the following trade(s):
- On Thursday, August 20th, Gareth Neville Genner purchased 800 shares of T Stamp stock. The shares were acquired at an average price of $3.09 per share, with a total value of $2,472.00.
T Stamp Stock Performance
Shares of IDAI opened at $3.18 on Friday. The firm has a market capitalization of $17.94 million, a P/E ratio of -1.58 and a beta of 0.70. The stock has a 50 day moving average price of $2.24 and a two-hundred day moving average price of $2.41. T Stamp Inc. has a 52 week low of $1.17 and a 52 week high of $5.28. The company has a debt-to-equity ratio of 1.28, a quick ratio of 6.48 and a current ratio of 6.48.
T Stamp (NASDAQ:IDAI - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported ($0.48) earnings per share for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.14). The business had revenue of $0.90 million during the quarter, compared to analysts' expectations of $0.90 million. T Stamp had a negative return on equity of 137.70% and a negative net margin of 272.78%. Equities analysts forecast that T Stamp Inc. will post -1.39 earnings per share for the current fiscal year.
Analyst Ratings Changes
Separately, Zacks Research raised shares of T Stamp to a "hold" rating in a report on Wednesday, May 20th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, T Stamp currently has an average rating of "Moderate Buy" and an average price target of $12.00.
Read Our Latest Analysis on IDAI
Hedge Funds Weigh In On T Stamp
Hedge funds have recently made changes to their positions in the business. MidFirst Bank purchased a new stake in shares of T Stamp in the fourth quarter worth $30,000. Dimensional Fund Advisors LP purchased a new position in shares of T Stamp in the first quarter worth approximately $44,000. Geode Capital Management LLC grew its holdings in T Stamp by 67.7% during the fourth quarter. Geode Capital Management LLC now owns 32,517 shares of the company's stock valued at $127,000 after purchasing an additional 13,125 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of T Stamp during the 4th quarter valued at $204,000. Finally, Jane Street Group LLC purchased a new position in T Stamp in the 4th quarter worth approximately $220,000. 16.34% of the stock is owned by hedge funds and other institutional investors.
About T Stamp
(
Get Free Report)
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.
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