Insider Buying: T Stamp (NASDAQ:IDAI) CEO Acquires $16,120.00 in Stock

T Stamp Inc. (NASDAQ:IDAI) CEO Gareth Neville Genner bought 6,500 shares of the stock in a transaction on Tuesday, August 18th. The stock was purchased at an average cost of $2.48 per share, with a total value of $16,120.00. Following the acquisition, the chief executive officer owned 139,275 shares in the company, valued at approximately $345,402. This represents a 4.90% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, August 20th, Gareth Neville Genner purchased 9,394 shares of T Stamp stock. The shares were purchased at an average cost of $3.04 per share, for a total transaction of $28,557.76.
• On Wednesday, August 19th, Gareth Neville Genner purchased 606 shares of T Stamp stock. The shares were purchased at an average price of $2.55 per share, for a total transaction of $1,545.30.
• On Thursday, August 20th, Gareth Neville Genner purchased 800 shares of T Stamp stock. The shares were purchased at an average price of $3.09 per share, for a total transaction of $2,472.00.

T Stamp Stock Performance

T Stamp stock opened at $3.20 on Friday. The business has a 50 day moving average of $2.27 and a 200-day moving average of $2.42. The company has a market capitalization of $18.05 million, a P/E ratio of -1.59 and a beta of 0.70. T Stamp Inc. has a 1 year low of $1.17 and a 1 year high of $5.28. The company has a debt-to-equity ratio of 1.28, a current ratio of 6.48 and a quick ratio of 6.48.

T Stamp (NASDAQ:IDAI) last posted its 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). T Stamp had a negative return on equity of 137.70% and a negative net margin of 272.78%.The business had revenue of $0.90 million for the quarter, compared to analyst estimates of $0.90 million. On average, equities research analysts predict that T Stamp Inc. will post -1.39 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IDAI. MidFirst Bank bought a new stake in shares of T Stamp in the 4th quarter valued at $30,000. Dimensional Fund Advisors LP acquired a new position in T Stamp in the first quarter valued at $44,000. Geode Capital Management LLC boosted its position in T Stamp by 67.7% during the fourth quarter. Geode Capital Management LLC now owns 32,517 shares of the company’s stock valued at $127,000 after acquiring an additional 13,125 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in T Stamp by 7.7% during the 1st quarter. Kestra Advisory Services LLC now owns 56,050 shares of the company’s stock worth $134,000 after acquiring an additional 4,000 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of T Stamp in the 4th quarter worth about $220,000. Institutional investors 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.