authID (NASDAQ:AUID) Director Stephen Jeffrey Garchik Sells 50,000 Shares of Stock

authID Inc. (NASDAQ:AUID) Director Stephen Jeffrey Garchik sold 50,000 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $1.06, for a total value of $53,000.00. Following the completion of the transaction, the director directly owned 1,073,563 shares of the company’s stock, valued at approximately $1,137,976.78. This trade represents a 4.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

authID Stock Down 4.9%

Shares of authID stock opened at $0.97 on Wednesday. The company has a market capitalization of $13.04 million, a price-to-earnings ratio of -0.61 and a beta of 1.61. authID Inc. has a 12-month low of $0.97 and a 12-month high of $9.58. The firm’s 50-day moving average price is $1.98 and its two-hundred day moving average price is $3.35.

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

Institutional Investors Weigh In On authID

Several institutional investors and hedge funds have recently added to or reduced their stakes in AUID. Comerica Bank raised its stake in authID by 11.7% during the first quarter. Comerica Bank now owns 19,127 shares of the company’s stock worth $93,000 after acquiring an additional 2,000 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of authID during the 2nd quarter valued at approximately $77,000. Vanguard Group Inc. increased its position in authID by 6.1% during the 3rd quarter. Vanguard Group Inc. now owns 452,384 shares of the company’s stock worth $1,443,000 after purchasing an additional 25,822 shares in the last quarter. Private Wealth Asset Management LLC acquired a new position in authID during the 2nd quarter worth approximately $138,000. Finally, Corient Private Wealth LLC lifted its stake in authID by 136.4% in the 2nd quarter. Corient Private Wealth LLC now owns 52,000 shares of the company’s stock valued at $275,000 after purchasing an additional 30,000 shares during the last quarter. 8.83% of the stock is currently owned by institutional investors.

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.