T Stamp (NASDAQ:IDAI) CEO Gareth Neville Genner Acquires 9,394 Shares

T Stamp Inc. (NASDAQ:IDAI) CEO Gareth Neville Genner bought 9,394 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were acquired at an average price of $3.04 per share, for a total transaction of $28,557.76. Following the transaction, the chief executive officer directly owned 150,075 shares in the company, valued at approximately $456,228. This represents a 6.68% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Gareth Neville Genner also recently made the following trade(s):

• On Wednesday, August 19th, Gareth Neville Genner acquired 606 shares of T Stamp stock. The shares were bought at an average price of $2.55 per share, with a total value of $1,545.30.
• On Thursday, August 20th, Gareth Neville Genner purchased 800 shares of T Stamp stock. The shares were bought at an average price of $3.09 per share, with a total value of $2,472.00.
• On Tuesday, August 18th, Gareth Neville Genner bought 6,500 shares of T Stamp stock. The stock was purchased at an average price of $2.48 per share, for a total transaction of $16,120.00.

T Stamp Trading Up 0.6%

Shares of IDAI opened at $3.20 on Friday. The firm’s fifty day moving average is $2.27 and its two-hundred day moving average is $2.42. The company has a quick ratio of 6.48, a current ratio of 6.48 and a debt-to-equity ratio of 1.28. The stock has a market cap of $18.04 million, a PE ratio of -1.59 and a beta of 0.70. T Stamp Inc. has a 52-week low of $1.17 and a 52-week high of $5.28.

T Stamp (NASDAQ:IDAI) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.14). T Stamp had a negative net margin of 272.78% and a negative return on equity of 137.70%. The company had revenue of $0.90 million during the quarter, compared to analysts’ expectations of $0.90 million. Research analysts forecast that T Stamp Inc. will post -1.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On T Stamp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IDAI. Potomac Capital Management Inc. acquired a new position in shares of T Stamp in the 4th quarter valued at $754,000. Jane Street Group LLC purchased a new stake in T Stamp in the 4th quarter valued at about $220,000. Kestra Advisory Services LLC acquired a new position in T Stamp in the fourth quarter valued at about $204,000. Dimensional Fund Advisors LP purchased a new position in T Stamp during the first quarter worth about $44,000. Finally, Geode Capital Management LLC boosted its stake in T Stamp by 67.7% during the fourth quarter. Geode Capital Management LLC now owns 32,517 shares of the company’s stock worth $127,000 after buying an additional 13,125 shares during the period. Institutional investors and hedge funds own 16.34% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised T Stamp to a “hold” rating in a research note on Wednesday, May 20th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $12.00.

T Stamp Company Profile

T Stamp Inc develops and markets identity authentication software solutions for government and enterprise partners, and peer-to-peer markets worldwide. It develops proprietary artificial intelligence-powered solutions, researching and leveraging machine learning, artificial intelligence, biometric science, cryptography, and data mining to deliver insightful identity and trust predictions that identify and defend against fraudulent identity attacks, protect sensitive user information, and extend the reach of digital services through global accessibility.