T Stamp (NASDAQ:IDAI) Stock Price Down 4% – Here’s What Happened

T Stamp Inc. (NASDAQ:IDAI)’s stock price dropped 4% on Friday . The stock traded as low as $2.38 and last traded at $2.39. Approximately 44,768 shares changed hands during mid-day trading, an increase of 14% from the average daily volume of 39,255 shares. The stock had previously closed at $2.49.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of T Stamp from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $12.00.

T Stamp Trading Down 4.0%

The company has a market capitalization of $12.63 million, a P/E ratio of -0.89 and a beta of 0.75. The company has a debt-to-equity ratio of 0.13, a quick ratio of 7.85 and a current ratio of 7.85. The stock has a fifty day moving average of $2.52 and a 200 day moving average of $3.37.

T Stamp (NASDAQ:IDAI) last released its quarterly earnings results on Tuesday, March 31st. The company reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.10). T Stamp had a negative net margin of 265.04% and a negative return on equity of 151.62%. The company had revenue of $0.91 million for the quarter, compared to the consensus estimate of $0.90 million.

Institutional Investors Weigh In On T Stamp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC boosted its position in shares of T Stamp by 7.7% in the first quarter. Kestra Advisory Services LLC now owns 56,050 shares of the company’s stock worth $134,000 after purchasing an additional 4,000 shares during the period. MidFirst Bank bought a new stake in shares of T Stamp during the 4th quarter valued at $30,000. Geode Capital Management LLC lifted its stake in shares of T Stamp by 67.7% during the 4th quarter. Geode Capital Management LLC now owns 32,517 shares of the company’s stock valued at $127,000 after buying an additional 13,125 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in T Stamp in the 1st quarter worth $44,000. Finally, Argentarii LLC boosted its holdings in T Stamp by 53.8% in the 4th quarter. Argentarii LLC now owns 115,363 shares of the company’s stock worth $451,000 after buying an additional 40,363 shares during the period. Institutional investors own 16.34% of the company’s stock.

T Stamp Company Profile

T Stamp Inc develops and markets identity authentication software solutions for government and enterprise partners, and peer-to-peer markets worldwide. It develops proprietary artificial intelligence-powered solutions, researching and leveraging machine learning, artificial intelligence, biometric science, cryptography, and data mining to deliver insightful identity and trust predictions that identify and defend against fraudulent identity attacks, protect sensitive user information, and extend the reach of digital services through global accessibility.