authID (NASDAQ:AUID) Director Sells $53,000.00 in Stock

authID Inc. (NASDAQ:AUID) Director Stephen Jeffrey Garchik sold 50,000 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $1.06, for a total transaction of $53,000.00. Following the completion of the sale, the director directly owned 1,073,563 shares in the company, valued at $1,137,976.78. This trade represents a 4.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

authID Price Performance

Shares of AUID opened at $1.01 on Tuesday. authID Inc. has a 1-year low of $0.99 and a 1-year high of $9.58. The stock has a market cap of $13.51 million, a price-to-earnings ratio of -0.63 and a beta of 1.61. The firm has a 50 day simple moving average of $2.02 and a 200-day simple moving average of $3.38.

authID (NASDAQ:AUID) last announced its earnings results on Wednesday, November 12th. The company reported ($0.38) EPS for the quarter. The company had revenue of ($0.11) million for the quarter. authID had a negative net margin of 728.89% and a negative return on equity of 180.17%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AUID. Vanguard Group Inc. lifted its holdings in authID by 6.1% in the 3rd quarter. Vanguard Group Inc. now owns 452,384 shares of the company’s stock valued at $1,443,000 after purchasing an additional 25,822 shares in the last quarter. Scoggin Management LP raised its position in shares of authID by 60.4% in the second quarter. Scoggin Management LP now owns 400,000 shares of the company’s stock valued at $2,116,000 after buying an additional 150,612 shares during the last quarter. Connective Capital Management LLC lifted its stake in shares of authID by 59.1% during the third quarter. Connective Capital Management LLC now owns 120,949 shares of the company’s stock valued at $386,000 after buying an additional 44,922 shares during the period. Corient Private Wealth LLC boosted its position in authID by 136.4% during the second quarter. Corient Private Wealth LLC now owns 52,000 shares of the company’s stock worth $275,000 after acquiring an additional 30,000 shares during the last quarter. Finally, Private Wealth Asset Management LLC acquired a new stake in authID during the second quarter worth approximately $138,000. Institutional investors and hedge funds 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.