T Stamp (NASDAQ:IDAI) Stock Breaks Above Two Hundred Day Moving Average – Here’s What Happened

Shares of T Stamp Inc. (NASDAQ:IDAI) passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $2.60 and traded as high as $2.79. T Stamp shares last traded at $2.63, with a volume of 104,303 shares trading hands.

T Stamp Trading Up 1.6%

The business has a 50 day moving average of $2.89 and a 200-day moving average of $2.59. The stock has a market cap of $14.48 million, a PE ratio of -1.27 and a beta of 0.72. The company has a current ratio of 6.48, a quick ratio of 6.48 and a debt-to-equity ratio of 1.28.

T Stamp (NASDAQ:IDAI) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.14). T Stamp had a negative return on equity of 137.70% and a negative net margin of 272.78%. The company had revenue of $0.90 million for the quarter, compared to analysts’ expectations of $0.90 million. On average, analysts anticipate that T Stamp Inc. will post -1.39 EPS for the current year.

Insider Buying and Selling

In related news, CEO Gareth Genner acquired 9,394 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average price of $3.04 per share, for a total transaction of $28,557.76. Following the transaction, the chief executive officer owned 150,075 shares in the company, valued at $456,228. This trade represents a 6.68% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders bought 20,927 shares of company stock worth $60,325. Company insiders own 4.47% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in T Stamp stock. Kestra Advisory Services LLC grew its position in shares of T Stamp Inc. (NASDAQ:IDAI) by 7.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,050 shares of the company’s stock after purchasing an additional 4,000 shares during the period. Kestra Advisory Services LLC owned 1.06% of T Stamp worth $134,000 at the end of the most recent quarter. 16.34% of the stock is owned by institutional investors and hedge funds.

About T Stamp

T Stamp Inc., doing business as Trust Stamp, is an artificial intelligence and identity services company that develops privacy-focused technologies for identity verification, authentication and fraud prevention. Its platform is designed to help organizations establish trust in digital interactions while limiting the exposure of sensitive personal information. The company provides biometric identity solutions, including facial recognition, identity matching, document verification and liveness detection.