authID (NASDAQ:AUID) Shares Up 3.3% – What’s Next?

authID Inc. (NASDAQ:AUID)’s share price traded up 3.3% during trading on Tuesday . The stock traded as high as $7.15 and last traded at $6.94. 3,381 shares were traded during mid-day trading, a decline of 84% from the average session volume of 21,204 shares. The stock had previously closed at $6.72.

authID Price Performance

The business has a 50 day moving average price of $6.08 and a two-hundred day moving average price of $7.15.

authID (NASDAQ:AUID) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter. authID had a negative return on equity of 89.02% and a negative net margin of 1,702.46%. The business had revenue of $0.25 million during the quarter.

Insider Activity at authID

In other news, Director Ken Jisser acquired 8,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were acquired at an average cost of $6.48 per share, with a total value of $51,840.00. Following the acquisition, the director now directly owns 51,475 shares of the company’s stock, valued at approximately $333,558. The trade was a 18.40 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Rhoniel Daguro bought 4,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was acquired at an average cost of $6.48 per share, with a total value of $25,920.00. Following the completion of the acquisition, the chief executive officer now owns 24,833 shares of the company’s stock, valued at $160,917.84. This represents a 19.20 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 5,001 shares of company stock valued at $32,597. Corporate insiders own 6.60% of the company’s stock.

Institutional Investors Weigh In On authID

A hedge fund recently raised its stake in authID stock. Geode Capital Management LLC grew its holdings in shares of authID Inc. (NASDAQ:AUID) by 43.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 97,847 shares of the company’s stock after buying an additional 29,810 shares during the quarter. Geode Capital Management LLC owned 0.90% of authID worth $616,000 at the end of the most recent reporting period. 8.83% of the stock is owned by institutional investors.

About authID

authID Inc provides secure, biometric, identity verification, and strong passwordless and biometric authentication for consumer and workforce applications worldwide. The company offers solutions through its Verified platform to enable their users to easily verify and authenticate their identity through a mobile device or desktop.