Insider Buying: authID Inc. (NASDAQ:AUID) Director Buys 12,254 Shares of Stock

authID Inc. (NASDAQ:AUID) Director Michael Charles Thompson acquired 12,254 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was purchased at an average price of $8.16 per share, for a total transaction of $99,992.64. Following the acquisition, the director now directly owns 78,677 shares in the company, valued at approximately $642,004.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

authID Stock Up 11.5 %

Shares of authID stock traded up $1.02 during trading hours on Thursday, reaching $9.87. 46,744 shares of the company were exchanged, compared to its average volume of 22,466. authID Inc. has a 1 year low of $5.48 and a 1 year high of $13.63. The stock’s fifty day moving average is $8.21 and its 200 day moving average is $8.84.

authID (NASDAQ:AUID) last issued its quarterly earnings results on Wednesday, May 15th. The company reported ($0.32) earnings per share (EPS) for the quarter. The firm had revenue of $0.16 million during the quarter. authID had a negative return on equity of 204.12% and a negative net margin of 6,689.18%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AUID. Leo Wealth LLC purchased a new stake in authID in the fourth quarter valued at approximately $1,232,000. Johnson Financial Group Inc. raised its position in authID by 100.0% in the 4th quarter. Johnson Financial Group Inc. now owns 40,610 shares of the company’s stock valued at $384,000 after purchasing an additional 20,305 shares during the last quarter. Finally, Wealthspire Advisors LLC boosted its stake in authID by 126.3% during the 4th quarter. Wealthspire Advisors LLC now owns 29,867 shares of the company’s stock worth $283,000 after purchasing an additional 16,667 shares during the period. Hedge funds and other institutional investors own 8.83% of the company’s stock.

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.