authID Inc. (NASDAQ:AUID - Get Free Report)'s share price dropped 6.9% during trading on Tuesday . The company traded as low as $4.82 and last traded at $5.02. Approximately 18,059 shares changed hands during trading, a decline of 30% from the average daily volume of 25,779 shares. The stock had previously closed at $5.39.
authID Trading Up 1.6 %
The business has a fifty day moving average price of $6.16 and a 200 day moving average price of $6.81.
Insider Transactions at authID
In other authID news, CEO Rhoniel Daguro purchased 4,000 shares of the stock in a transaction dated Monday, December 9th. The stock was bought at an average price of $6.48 per share, with a total value of $25,920.00. Following the acquisition, the chief executive officer now owns 24,833 shares of the company's stock, valued at approximately $160,917.84. This represents a 19.20 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ken Jisser purchased 8,000 shares of the stock in a transaction dated Monday, December 9th. The shares were acquired at an average cost of $6.48 per share, with a total value of $51,840.00. Following the acquisition, the director now directly owns 51,475 shares in the company, valued at $333,558. This represents a 18.40 % increase in their position. The disclosure for this purchase can be found here. 6.60% of the stock is owned by insiders.
Hedge Funds Weigh In On authID
A number of institutional investors and hedge funds have recently bought and sold shares of AUID. Geode Capital Management LLC increased its holdings in authID by 43.8% in the 3rd quarter. Geode Capital Management LLC now owns 97,847 shares of the company's stock worth $616,000 after purchasing an additional 29,810 shares in the last quarter. Corient Private Wealth LLC increased its holdings in authID by 40.8% in the 4th quarter. Corient Private Wealth LLC now owns 22,000 shares of the company's stock worth $132,000 after purchasing an additional 6,375 shares in the last quarter. Comerica Bank increased its holdings in authID by 58.2% in the 4th quarter. Comerica Bank now owns 17,127 shares of the company's stock worth $103,000 after purchasing an additional 6,300 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in authID by 25.8% in the 4th quarter. Northern Trust Corp now owns 13,036 shares of the company's stock worth $78,000 after purchasing an additional 2,675 shares in the last quarter. 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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