authID Inc. (NASDAQ:AUID - Get Free Report) shares traded up 3.3% on Tuesday . The stock traded as high as $7.15 and last traded at $6.94. 3,381 shares changed hands during trading, a decline of 84% from the average session volume of 21,204 shares. The stock had previously closed at $6.72.
authID Trading Up 4.1 %
The stock's 50-day moving average is $6.14 and its two-hundred day moving average is $7.10.
authID (NASDAQ:AUID - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter. authID had a negative net margin of 1,702.46% and a negative return on equity of 89.02%. The firm had revenue of $0.25 million for the quarter.
Insider Buying and Selling at authID
In related news, Director Ken Jisser acquired 8,000 shares of the stock in a transaction dated Monday, December 9th. The shares were purchased at an average cost of $6.48 per share, with a total value of $51,840.00. Following the transaction, the director now directly owns 51,475 shares in the company, valued at approximately $333,558. This represents a 18.40 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Rhoniel Daguro bought 4,000 shares of authID stock in a transaction that occurred on Monday, December 9th. The stock was purchased at an average cost of $6.48 per share, with a total value of $25,920.00. Following the completion of the acquisition, the chief executive officer now directly owns 24,833 shares in the company, valued at $160,917.84. This represents a 19.20 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 5,001 shares of company stock valued at $32,597. Insiders own 6.60% of the company's stock.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in authID stock. Geode Capital Management LLC lifted its stake in authID Inc. (NASDAQ:AUID - Free Report) by 43.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 97,847 shares of the company's stock after purchasing an additional 29,810 shares during the quarter. Geode Capital Management LLC owned about 0.90% of authID worth $616,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 8.83% of the company's stock.
About authID
(
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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.
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