T Stamp (NASDAQ:IDAI) Shares Down 1.8% – What’s Next?

T Stamp Inc. (NASDAQ:IDAI) shares were down 1.8% during mid-day trading on Friday . The stock traded as low as $3.19 and last traded at $3.20. 18,489 shares changed hands during trading, a decline of 56% from the average daily volume of 42,000 shares. The stock had previously closed at $3.26.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of T Stamp to a “hold” rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $12.00.

T Stamp Price Performance

The company has a 50-day moving average of $2.70 and a two-hundred day moving average of $2.44. The company has a debt-to-equity ratio of 1.28, a current ratio of 6.48 and a quick ratio of 6.48. The stock has a market capitalization of $18.05 million, a PE ratio of -1.59 and a beta of 0.72.

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

Insider Transactions at T Stamp

In related news, CEO Gareth Neville Genner purchased 9,394 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average price of $3.04 per share, with a total value of $28,557.76. Following the completion of the transaction, the chief executive officer owned 150,075 shares of the company’s stock, valued at approximately $456,228. This trade represents a 6.68% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased 20,927 shares of company stock valued at $60,325 in the last ninety days. 4.48% of the stock is currently owned by insiders.

Hedge Funds Weigh In On T Stamp

A number of hedge funds have recently made changes to their positions in IDAI. Geode Capital Management LLC increased its holdings in shares of T Stamp by 67.7% during the 4th 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 last quarter. Potomac Capital Management Inc. acquired a new position in T Stamp in the fourth quarter valued at $754,000. Jane Street Group LLC acquired a new position in T Stamp in the fourth quarter valued at $220,000. Kestra Advisory Services LLC purchased a new stake in shares of T Stamp during the 4th quarter worth about $204,000. Finally, MidFirst Bank purchased a new stake in T Stamp during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 16.34% of the company’s stock.

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.