Insider Buying: Aware (NASDAQ:AWRE) CEO Buys 23,690 Shares of Stock

Aware, Inc. (NASDAQ:AWRE) CEO Ajay Amlani acquired 23,690 shares of the stock in a transaction dated Monday, November 2nd. The stock was bought at an average price of $0.94 per share, for a total transaction of $22,268.60. Following the completion of the purchase, the chief executive officer owned 996,909 shares in the company, valued at approximately $937,094.46. This trade represents a 2.43% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Aware Price Performance

Shares of AWRE traded up $0.00 during mid-day trading on Tuesday, reaching $0.91. The company had a trading volume of 64,140 shares, compared to its average volume of 41,009. The company has a market capitalization of $19.85 million, a P/E ratio of -2.33 and a beta of 1.16. Aware, Inc. has a twelve month low of $0.82 and a twelve month high of $2.57. The company’s 50-day moving average is $1.09 and its 200-day moving average is $1.33.

Aware (NASDAQ:AWRE) last announced its quarterly earnings results on Wednesday, October 28th. The software maker reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.06. Aware had a negative return on equity of 35.61% and a negative net margin of 52.60%. The business had revenue of $4.42 million for the quarter, compared to analyst estimates of $3.70 million.

Hedge Funds Weigh In On Aware

An institutional investor recently raised its position in Aware stock. Renaissance Technologies LLC lifted its stake in shares of Aware, Inc. (NASDAQ:AWRE) by 1.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 655,712 shares of the software maker’s stock after purchasing an additional 10,139 shares during the period. Renaissance Technologies LLC owned approximately 3.03% of Aware worth $820,000 at the end of the most recent reporting period. 24.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Aware from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Aware Company Profile

Aware, Inc (NASDAQ: AWRE) develops biometric software and identity-management solutions for government and commercial organizations. Its technology supports the collection, processing, storage, matching and management of biometric data, including fingerprints, facial images and iris images.

The company’s product portfolio includes automated biometric identification systems, biometric data-management platforms, software development kits and mobile enrollment and authentication tools. These solutions are designed for applications such as civil identity programs, border management, law enforcement, defense, public safety and secure digital authentication.

Aware serves customers in the United States and international markets, working with government agencies, systems integrators and other organizations that require identity verification and biometric processing capabilities.