Wall Street Zen Downgrades T Stamp (NASDAQ:IDAI) to Sell

T Stamp (NASDAQ:IDAI) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

T Stamp Price Performance

Shares of NASDAQ IDAI opened at $2.52 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.98 and a quick ratio of 1.98. The business has a 50-day moving average of $3.61 and a 200-day moving average of $3.58. The stock has a market capitalization of $13.20 million, a price-to-earnings ratio of -1.10 and a beta of 0.70. T Stamp has a fifty-two week low of $1.43 and a fifty-two week high of $5.28.

Institutional Investors Weigh In On T Stamp

A number of institutional investors and hedge funds have recently made changes to their positions in IDAI. Potomac Capital Management Inc. acquired a new stake in shares of T Stamp in the 4th quarter valued at approximately $754,000. Argentarii LLC raised its position in T Stamp by 53.8% during the fourth quarter. Argentarii LLC now owns 115,363 shares of the company’s stock worth $451,000 after acquiring an additional 40,363 shares in the last quarter. Jane Street Group LLC bought a new stake in T Stamp during the fourth quarter worth $220,000. Kestra Advisory Services LLC acquired a new stake in T Stamp in the fourth quarter valued at $204,000. Finally, Geode Capital Management LLC grew its position in shares of T Stamp by 67.7% in the 4th quarter. Geode Capital Management LLC now owns 32,517 shares of the company’s stock valued at $127,000 after acquiring an additional 13,125 shares during the period. Institutional investors own 16.34% of the company’s stock.

About T Stamp

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.