Stephen Jeffrey Garchik Buys 10,500 Shares of authID Inc. (NASDAQ:AUID) Stock

authID Inc. (NASDAQ:AUID) major shareholder Stephen Jeffrey Garchik purchased 10,500 shares of the company’s stock in a transaction on Friday, April 12th. The stock was acquired at an average price of $7.69 per share, with a total value of $80,745.00. Following the purchase, the insider now owns 1,151,096 shares of the company’s stock, valued at $8,851,928.24. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

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

authID Price Performance

authID stock opened at $8.00 on Thursday. The company has a fifty day simple moving average of $9.02 and a 200-day simple moving average of $8.58. authID Inc. has a 12-month low of $2.45 and a 12-month high of $13.63. The company has a quick ratio of 6.55, a current ratio of 6.55 and a debt-to-equity ratio of 0.02.

Institutional Investors Weigh In On authID

Several institutional investors have recently modified their holdings of the company. Simon Quick Advisors LLC lifted its position in shares of authID by 918.7% during the 1st quarter. Simon Quick Advisors LLC now owns 1,041,739 shares of the company’s stock worth $469,000 after purchasing an additional 939,476 shares during the last quarter. Sonic GP LLC purchased a new stake in shares of authID during the 4th quarter worth $579,000. Vanguard Group Inc. lifted its position in shares of authID by 30.0% during the 1st quarter. Vanguard Group Inc. now owns 888,380 shares of the company’s stock worth $3,483,000 after purchasing an additional 204,876 shares during the last quarter. Leo Wealth LLC purchased a new stake in shares of authID during the 4th quarter worth $1,232,000. Finally, UBS Group AG lifted its position in shares of authID by 440.8% during the 1st quarter. UBS Group AG now owns 53,378 shares of the company’s stock worth $210,000 after purchasing an additional 43,508 shares during the last quarter. 8.83% of the stock is owned by hedge funds and other institutional investors.

About authID

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.