Stephen Jeffrey Garchik Sells 50,000 Shares of authID (NASDAQ:AUID) Stock

authID Inc. (NASDAQ:AUID) Director Stephen Jeffrey Garchik sold 50,000 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $1.06, for a total transaction of $53,000.00. Following the transaction, the director owned 1,073,563 shares in the company, valued at $1,137,976.78. The trade was a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

authID Trading Down 1.5%

AUID stock opened at $0.96 on Thursday. The firm has a 50-day moving average of $1.95 and a two-hundred day moving average of $3.33. authID Inc. has a 12 month low of $0.95 and a 12 month high of $9.58. The company has a market cap of $12.84 million, a price-to-earnings ratio of -0.60 and a beta of 1.61.

authID (NASDAQ:AUID) last issued its earnings results on Wednesday, November 12th. The company reported ($0.38) earnings per share for the quarter. The company had revenue of ($0.11) million for the quarter. authID had a negative return on equity of 180.17% and a negative net margin of 728.89%.

Institutional Trading of authID

Several large investors have recently added to or reduced their stakes in AUID. Connective Capital Management LLC increased its stake in shares of authID by 59.1% in the 3rd quarter. Connective Capital Management LLC now owns 120,949 shares of the company’s stock worth $386,000 after acquiring an additional 44,922 shares during the last quarter. Vanguard Group Inc. increased its position in authID by 6.1% during the third quarter. Vanguard Group Inc. now owns 452,384 shares of the company’s stock worth $1,443,000 after purchasing an additional 25,822 shares during the last quarter. Corient Private Wealth LLC increased its position in authID by 136.4% during the second quarter. Corient Private Wealth LLC now owns 52,000 shares of the company’s stock worth $275,000 after purchasing an additional 30,000 shares during the last quarter. Scoggin Management LP raised its stake in authID by 60.4% during the second quarter. Scoggin Management LP now owns 400,000 shares of the company’s stock worth $2,116,000 after purchasing an additional 150,612 shares during the period. Finally, XTX Topco Ltd acquired a new position in authID in the 2nd quarter valued at about $77,000. 8.83% of the stock is currently owned by hedge funds and other institutional investors.

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.