authID (NASDAQ:AUID) Trading 0.9% Higher – Time to Buy?

authID Inc. (NASDAQ:AUID) shares traded up 0.9% during trading on Friday . The company traded as high as $1.13 and last traded at $1.10. Approximately 119,135 shares changed hands during trading, an increase of 8% from the average daily volume of 110,513 shares. The stock had previously closed at $1.09.

authID Stock Up 0.9%

The stock has a market capitalization of $17.74 million, a PE ratio of -0.87 and a beta of 1.57. The firm has a 50 day moving average price of $1.19 and a 200 day moving average price of $1.29.

authID (NASDAQ:AUID) last announced its earnings results on Thursday, May 14th. The company reported ($0.28) earnings per share (EPS) for the quarter. authID had a negative net margin of 616.91% and a negative return on equity of 202.14%. The company had revenue of $0.48 million for the quarter.

Insider Buying and Selling at authID

In other news, Director Stephen Jeffrey Garchik bought 120,482 shares of authID stock in a transaction dated Wednesday, April 29th. The stock was purchased at an average price of $1.25 per share, for a total transaction of $150,602.50. Following the purchase, the director directly owned 291,316 shares in the company, valued at $364,145. The trade was a 70.53% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ken Jisser bought 30,120 shares of authID stock in a transaction dated Wednesday, April 29th. The stock was purchased at an average price of $1.25 per share, with a total value of $37,650.00. Following the purchase, the director owned 122,245 shares in the company, valued at approximately $152,806.25. This represents a 32.69% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 17.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Comerica Bank grew its position in authID by 11.7% in the 1st quarter. Comerica Bank now owns 19,127 shares of the company’s stock worth $93,000 after purchasing an additional 2,000 shares in the last quarter. XTX Topco Ltd bought a new position in shares of authID during the 2nd quarter worth approximately $77,000. Scoggin Management LP boosted its stake in shares of authID by 60.4% in the 2nd quarter. Scoggin Management LP now owns 400,000 shares of the company’s stock worth $2,116,000 after buying an additional 150,612 shares during the last quarter. Corient Private Wealth LLC boosted its stake in shares of authID by 136.4% in the 2nd quarter. Corient Private Wealth LLC now owns 52,000 shares of the company’s stock worth $275,000 after buying an additional 30,000 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of authID by 6.1% in the third quarter. Vanguard Group Inc. now owns 452,384 shares of the company’s stock valued at $1,443,000 after acquiring an additional 25,822 shares in the last quarter. 8.83% of the stock is owned by institutional investors.

authID Company Profile

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.