Insider Buying: T Stamp (NASDAQ:IDAI) CEO Purchases 6,500 Shares of Stock

T Stamp Inc. (NASDAQ:IDAI) CEO Gareth Neville Genner bought 6,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was acquired at an average cost of $2.48 per share, with a total value of $16,120.00. Following the transaction, the chief executive officer owned 139,275 shares of the company’s stock, valued at $345,402. This represents a 4.90% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, August 20th, Gareth Neville Genner purchased 800 shares of T Stamp stock. The shares were acquired at an average cost of $3.09 per share, for a total transaction of $2,472.00.

T Stamp Stock Up 18.0%

NASDAQ:IDAI traded up $0.48 on Thursday, hitting $3.15. 95,912 shares of the company’s stock were exchanged, compared to its average volume of 68,149. The firm has a 50-day moving average price of $2.22 and a 200-day moving average price of $2.41. T Stamp Inc. has a 52 week low of $1.17 and a 52 week 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. The company has a market cap of $17.77 million, a P/E ratio of -1.57 and a beta of 0.70.

T Stamp (NASDAQ:IDAI) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.14). The company had revenue of $0.90 million during the quarter, compared to the consensus estimate of $0.90 million. T Stamp had a negative net margin of 272.78% and a negative return on equity of 137.70%. As a group, analysts expect that T Stamp Inc. will post -1.39 EPS for the current fiscal year.

Institutional Trading of T Stamp

Several institutional investors and hedge funds have recently added to or reduced their stakes in IDAI. MidFirst Bank acquired a new stake in T Stamp in the fourth quarter valued at $30,000. Kestra Advisory Services LLC acquired a new position in shares of T Stamp during the 4th quarter worth about $204,000. Jane Street Group LLC bought a new stake in shares of T Stamp in the 4th quarter valued at about $220,000. Geode Capital Management LLC raised its holdings 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 valued at $127,000 after purchasing an additional 13,125 shares during the period. Finally, Dimensional Fund Advisors LP bought a new stake in shares of T Stamp in the 1st quarter valued at about $44,000. 16.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.