authID (NASDAQ:AUID) Trading Up 8.3% – Here’s Why

authID Inc. (NASDAQ:AUID)’s share price was up 8.3% on Thursday . The stock traded as high as $1.37 and last traded at $1.30. Approximately 194,719 shares traded hands during mid-day trading, an increase of 34% from the average daily volume of 145,442 shares. The stock had previously closed at $1.20.

authID Price Performance

The stock has a market cap of $20.97 million, a P/E ratio of -1.02 and a beta of 1.57. The firm’s fifty day moving average price is $1.20 and its two-hundred day moving average price is $1.32.

authID (NASDAQ:AUID) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.28) earnings per share for the quarter. The firm had revenue of $0.48 million during the quarter. authID had a negative return on equity of 202.14% and a negative net margin of 616.91%.

Insider Buying and Selling at authID

In other news, Director Stephen Jeffrey Garchik purchased 120,482 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The shares were purchased at an average price of $1.25 per share, with a total value of $150,602.50. Following the completion of the acquisition, the director owned 291,316 shares in the company, valued at $364,145. This trade represents a 70.53% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ken Jisser purchased 30,120 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The stock was purchased at an average cost of $1.25 per share, for a total transaction of $37,650.00. Following the acquisition, the director owned 122,245 shares of the company’s stock, valued at approximately $152,806.25. This trade represents a 32.69% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 7.20% of the company’s stock.

Institutional Investors Weigh In On authID

Hedge funds have recently added to or reduced their stakes in the company. HRT Financial LP purchased a new position in shares of authID in the 4th quarter worth about $69,000. XTX Topco Ltd purchased a new position in shares of authID in the 2nd quarter worth about $77,000. Comerica Bank boosted its holdings in shares of authID by 11.7% in the 1st quarter. Comerica Bank now owns 19,127 shares of the company’s stock worth $93,000 after purchasing an additional 2,000 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of authID by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 138,843 shares of the company’s stock worth $121,000 after purchasing an additional 13,087 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in shares of authID by 207.7% in the 4th quarter. Corient Private Wealth LLC now owns 160,000 shares of the company’s stock worth $140,000 after purchasing an additional 108,000 shares in the last quarter. Institutional investors own 8.83% of the company’s stock.

About authID

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.