T Stamp (NASDAQ:IDAI) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of T Stamp (NASDAQ:IDAI) from a hold rating to a sell rating in a research note published on Saturday.

T Stamp Price Performance

NASDAQ:IDAI opened at $2.70 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.98 and a quick ratio of 1.98. T Stamp has a one year low of $1.43 and a one year high of $5.28. The company has a fifty day moving average price of $3.59 and a 200 day moving average price of $3.58. The stock has a market cap of $14.15 million, a P/E ratio of -1.17 and a beta of 0.70.

Hedge Funds Weigh In On T Stamp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in shares of T Stamp by 67.7% in the 4th quarter. Geode Capital Management LLC now owns 32,517 shares of the company’s stock worth $127,000 after acquiring an additional 13,125 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of T Stamp in the fourth quarter valued at $204,000. Jane Street Group LLC bought a new position in T Stamp in the fourth quarter worth $220,000. Argentarii LLC raised its stake in shares of T Stamp by 53.8% in the 4th quarter. Argentarii LLC now owns 115,363 shares of the company’s stock valued at $451,000 after buying an additional 40,363 shares in the last quarter. Finally, Potomac Capital Management Inc. bought a new position in shares of T Stamp during the 4th quarter worth about $754,000. 16.34% of the stock is currently owned by institutional investors.

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.