Squarepoint Ops LLC Cuts Stock Holdings in Intellicheck, Inc. (NYSE:IDN)

Squarepoint Ops LLC reduced its position in Intellicheck, Inc. (NYSE:IDN) by 51.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,121 shares of the company’s stock after selling 13,879 shares during the period. Squarepoint Ops LLC owned 0.07% of Intellicheck worth $37,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Captrust Financial Advisors bought a new stake in shares of Intellicheck in the 4th quarter valued at about $676,000. Northern Trust Corp boosted its holdings in shares of Intellicheck by 20.7% in the 4th quarter. Northern Trust Corp now owns 33,925 shares of the company’s stock valued at $95,000 after buying an additional 5,827 shares in the last quarter. Topline Capital Management LLC bought a new stake in shares of Intellicheck in the 4th quarter valued at about $3,248,000. Renaissance Technologies LLC boosted its holdings in shares of Intellicheck by 9.5% in the 4th quarter. Renaissance Technologies LLC now owns 114,000 shares of the company’s stock valued at $319,000 after buying an additional 9,900 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Intellicheck by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 199,835 shares of the company’s stock valued at $560,000 after buying an additional 9,166 shares in the last quarter. 42.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on IDN. HC Wainwright set a $6.00 price target on shares of Intellicheck and gave the company a “buy” rating in a report on Wednesday, May 21st. DA Davidson upgraded shares of Intellicheck from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $3.00 to $5.50 in a research note on Tuesday, May 20th. Wall Street Zen began coverage on shares of Intellicheck in a research report on Tuesday, April 22nd. They set a “hold” rating on the stock. Finally, Craig Hallum raised shares of Intellicheck from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a research report on Wednesday, May 21st.

Intellicheck Trading Down 6.3%

NYSE:IDN opened at $5.69 on Wednesday. The company has a market cap of $112.92 million, a PE ratio of -189.67 and a beta of 1.19. Intellicheck, Inc. has a twelve month low of $1.92 and a twelve month high of $6.49. The company’s 50 day moving average is $3.41 and its two-hundred day moving average is $2.94.

Insiders Place Their Bets

In other news, Director Gregory Braca sold 7,703 shares of the company’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $4.33, for a total value of $33,353.99. Following the sale, the director now directly owns 823 shares of the company’s stock, valued at $3,563.59. This represents a 90.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.88% of the stock is owned by insiders.

About Intellicheck

Intellicheck, Inc, a technology company, provides on-demand digital identity validation solutions for KYC, fraud, and age verification needs in North America. The company offers solutions for digital and physical identities for financial services, fintech companies, BNPL providers, e-commerce and retail commerce businesses, law enforcement, and government agencies.