authID (NASDAQ:AUID) Trading 3.3% Higher – Time to Buy?

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

authID Price Performance

The stock’s 50-day moving average is $6.08 and its two-hundred day moving average is $7.15.

authID (NASDAQ:AUID) last issued 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 Transactions at authID

In related news, CEO Rhoniel Daguro bought 4,000 shares of authID 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 $25,920.00. Following the completion of the transaction, the chief executive officer now owns 24,833 shares in the company, valued at $160,917.84. The trade was a 19.20 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ken Jisser purchased 8,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was purchased at an average price 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 $333,558. This trade represents a 18.40 % 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 worth $32,597. 6.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On authID

A hedge fund recently raised its stake in authID stock. Geode Capital Management LLC raised its holdings in shares of authID Inc. (NASDAQ:AUID) by 43.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 97,847 shares of the company’s stock after purchasing an additional 29,810 shares during the period. 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 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.