Insider Buying: authID Inc. (NASDAQ:AUID) Major Shareholder Buys $80,745.00 in Stock

authID Inc. (NASDAQ:AUID) major shareholder Stephen Jeffrey Garchik bought 10,500 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was purchased at an average cost of $7.69 per share, for a total transaction of $80,745.00. Following the completion of the transaction, the insider now owns 1,151,096 shares in the company, valued at $8,851,928.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Stephen Jeffrey Garchik also recently made the following trade(s):

• On Tuesday, January 30th, Stephen Jeffrey Garchik bought 2,500 shares of authID stock. The stock was purchased at an average cost of $9.10 per share, for a total transaction of $22,750.00.
• On Wednesday, January 24th, Stephen Jeffrey Garchik bought 5,394 shares of authID stock. The stock was purchased at an average cost of $9.00 per share, for a total transaction of $48,546.00.
• On Monday, January 22nd, Stephen Jeffrey Garchik bought 3,311 shares of authID stock. The stock was purchased at an average cost of $8.89 per share, for a total transaction of $29,434.79.

authID Stock Up 3.2 %

NASDAQ AUID opened at $8.00 on Thursday. The stock’s fifty day moving average price is $9.02 and its 200 day moving average price is $8.58. The company has a debt-to-equity ratio of 0.02, a current ratio of 6.55 and a quick ratio of 6.55. authID Inc. has a 1 year low of $2.45 and a 1 year high of $13.63.

Institutional Investors Weigh In On authID

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC grew its position in authID by 138.1% during the 2nd quarter. Citadel Advisors LLC now owns 33,607 shares of the company’s stock worth $30,000 after purchasing an additional 19,491 shares during the period. Bank of America Corp DE grew its position in authID by 188.1% during the 1st quarter. Bank of America Corp DE now owns 7,995 shares of the company’s stock worth $31,000 after purchasing an additional 5,220 shares during the period. Cetera Advisor Networks LLC acquired a new stake in authID during the 1st quarter worth about $47,000. Jane Street Group LLC acquired a new stake in authID during the 1st quarter worth about $50,000. Finally, State Street Corp grew its position in authID by 353.6% during the 1st quarter. State Street Corp now owns 53,076 shares of the company’s stock worth $208,000 after purchasing an additional 41,376 shares during the period. 8.83% of the stock is owned by institutional investors and hedge funds.

authID Company Profile

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.