Stephen Jeffrey Garchik Acquires 10,500 Shares of authID Inc. (NASDAQ:AUID) Stock

authID Inc. (NASDAQ:AUID) major shareholder Stephen Jeffrey Garchik acquired 10,500 shares of the stock in a transaction on Friday, April 12th. The stock was bought at an average cost of $7.69 per share, for a total transaction of $80,745.00. Following the transaction, the insider now owns 1,151,096 shares of the company’s stock, valued at approximately $8,851,928.24. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Stephen Jeffrey Garchik also recently made the following trade(s):

• On Tuesday, January 30th, Stephen Jeffrey Garchik acquired 2,500 shares of authID stock. The stock was bought at an average cost of $9.10 per share, for a total transaction of $22,750.00.
• On Wednesday, January 24th, Stephen Jeffrey Garchik acquired 5,394 shares of authID stock. The stock was bought at an average cost of $9.00 per share, for a total transaction of $48,546.00.
• On Monday, January 22nd, Stephen Jeffrey Garchik acquired 3,311 shares of authID stock. The stock was bought at an average cost of $8.89 per share, for a total transaction of $29,434.79.

authID Trading Up 3.5 %

AUID stock traded up $0.26 during mid-day trading on Monday, hitting $7.76. The company had a trading volume of 51,689 shares, compared to its average volume of 21,612. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.55 and a current ratio of 6.55. authID Inc. has a 12 month low of $2.45 and a 12 month high of $13.63. The stock’s fifty day moving average price is $9.15 and its two-hundred day moving average price is $8.59.

Hedge Funds Weigh In On authID

Several large investors have recently modified their holdings of AUID. Sonic GP LLC purchased a new position in shares of authID in the fourth quarter worth about $579,000. Simon Quick Advisors LLC increased its stake in shares of authID by 918.7% in the first quarter. Simon Quick Advisors LLC now owns 1,041,739 shares of the company’s stock worth $469,000 after purchasing an additional 939,476 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of authID by 30.0% in the first quarter. Vanguard Group Inc. now owns 888,380 shares of the company’s stock worth $3,483,000 after purchasing an additional 204,876 shares in the last quarter. Leo Wealth LLC purchased a new position in shares of authID in the fourth quarter worth about $1,232,000. Finally, UBS Group AG increased its stake in shares of authID by 440.8% in the first quarter. UBS Group AG now owns 53,378 shares of the company’s stock worth $210,000 after purchasing an additional 43,508 shares in the last quarter. Hedge funds and other institutional investors own 8.83% of the company’s stock.

About authID

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.