authID (NASDAQ:AUID) Shares Up 10.1% – Here’s What Happened

authID Inc. (NASDAQ:AUID)’s share price traded up 10.1% during trading on Thursday . The stock traded as high as $1.9429 and last traded at $1.85. 1,100,749 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 17,090,354 shares. The stock had previously closed at $1.68.

authID Stock Up 10.1%

The firm has a 50-day moving average of $1.23 and a two-hundred day moving average of $2.44. The stock has a market capitalization of $24.86 million, a price-to-earnings ratio of -1.16 and a beta of 1.67.

authID (NASDAQ:AUID) last announced its quarterly earnings data on Wednesday, November 12th. The company reported ($0.38) EPS for the quarter. The business had revenue of ($0.11) million for the quarter. authID had a negative return on equity of 180.17% and a negative net margin of 728.89%.

Insider Buying and Selling

In related news, Director Stephen Jeffrey Garchik sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $1.06, for a total transaction of $53,000.00. Following the transaction, the director directly owned 1,073,563 shares of the company’s stock, valued at approximately $1,137,976.78. The trade was a 4.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ken Jisser acquired 40,650 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was bought at an average price of $1.24 per share, for a total transaction of $50,406.00. Following the purchase, the director owned 92,125 shares in the company, valued at approximately $114,235. This trade represents a 78.97% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 7.20% of the company’s stock.

Institutional Trading of authID

Several hedge funds and other institutional investors have recently modified their holdings of the company. Comerica Bank grew its stake in authID by 11.7% in 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 in the last quarter. XTX Topco Ltd acquired a new stake in shares of authID during the 2nd quarter valued at about $77,000. Vanguard Group Inc. lifted its holdings 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 buying an additional 25,822 shares during the last quarter. Private Wealth Asset Management LLC bought a new stake in shares of authID in the 2nd quarter valued at approximately $138,000. Finally, Corient Private Wealth LLC increased its holdings in authID by 136.4% in the second quarter. Corient Private Wealth LLC now owns 52,000 shares of the company’s stock worth $275,000 after buying an additional 30,000 shares during the last quarter. 8.83% of the stock is currently owned by hedge funds and other institutional investors.

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.