Ken Jisser Purchases 30,120 Shares of authID (NASDAQ:AUID) Stock

authID Inc. (NASDAQ:AUID) Director Ken Jisser purchased 30,120 shares of authID stock in a transaction that occurred on Wednesday, April 29th. The stock was acquired at an average price of $1.25 per share, with a total value of $37,650.00. Following the transaction, the director owned 122,245 shares in the company, valued at $152,806.25. The trade was a 32.69% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

authID Stock Down 4.1%

NASDAQ:AUID traded down $0.05 during trading hours on Friday, reaching $1.17. 134,438 shares of the company’s stock were exchanged, compared to its average volume of 4,319,086. authID Inc. has a 1-year low of $0.84 and a 1-year high of $9.58. The firm has a market capitalization of $18.87 million, a price-to-earnings ratio of -0.84 and a beta of 1.72. The company has a 50-day moving average of $1.34 and a 200 day moving average of $1.54.

authID (NASDAQ:AUID) last posted its quarterly earnings data on Tuesday, March 31st. The company reported ($0.28) EPS for the quarter. authID had a negative net margin of 653.77% and a negative return on equity of 187.96%. The business had revenue of ($0.30) million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AUID. HRT Financial LP acquired a new stake in authID in the fourth quarter valued at about $69,000. XTX Topco Ltd acquired a new stake in shares of authID in the 2nd quarter valued at approximately $77,000. Comerica Bank boosted its stake in shares of authID by 11.7% in the first quarter. Comerica Bank now owns 19,127 shares of the company’s stock valued at $93,000 after buying an additional 2,000 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of authID by 10.4% in the fourth quarter. Geode Capital Management LLC now owns 138,843 shares of the company’s stock valued at $121,000 after buying an additional 13,087 shares in the last quarter. Finally, Corient Private Wealth LLC grew its holdings in authID by 207.7% during the fourth quarter. Corient Private Wealth LLC now owns 160,000 shares of the company’s stock worth $140,000 after acquiring an additional 108,000 shares during the period. 8.83% of the stock is owned by hedge funds and other institutional investors.

About authID

authID (NASDAQ: AUID) is a technology company specializing in digital identity verification and biometric authentication solutions. The company offers a cloud-based platform designed to help organizations securely verify user identities, prevent account takeover and reduce fraud. Leveraging artificial intelligence and machine learning, authID’s software supports biometric modalities including facial recognition, voice verification and liveness detection to ensure that customers are who they claim to be.

The company’s flagship product suite enables enterprises to integrate identity proofing and continuous authentication into their online and mobile applications.