Stephen Jeffrey Garchik Acquires 15,500 Shares of authID Inc. (NASDAQ:AUID) Stock

authID Inc. (NASDAQ:AUID) major shareholder Stephen Jeffrey Garchik purchased 15,500 shares of the stock in a transaction dated Friday, September 15th. The stock was bought at an average cost of $8.57 per share, with a total value of $132,835.00. Following the transaction, the insider now owns 940,524 shares in the company, valued at $8,060,290.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

authID Price Performance

NASDAQ:AUID traded up $0.16 on Tuesday, reaching $8.54. 5,023 shares of the stock traded hands, compared to its average volume of 13,283. The company has a quick ratio of 5.27, a current ratio of 5.27 and a debt-to-equity ratio of 0.02. authID Inc. has a 12 month low of $2.16 and a 12 month high of $25.92. The company’s fifty day simple moving average is $8.62 and its 200 day simple moving average is $5.78.

authID (NASDAQ:AUID) last announced its quarterly earnings data on Thursday, August 10th. The company reported ($2.15) earnings per share for the quarter. authID had a negative return on equity of 1,148.00% and a negative net margin of 7,626.66%. The firm had revenue of $0.04 million during the quarter.

Institutional Investors Weigh In On authID

Large investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its holdings in shares of authID by 188.1% during the 1st quarter. Bank of America Corp DE now owns 7,995 shares of the company’s stock valued at $31,000 after acquiring an additional 5,220 shares during the last quarter. Cetera Advisor Networks LLC purchased a new stake in authID in the first quarter worth approximately $47,000. Jane Street Group LLC bought a new stake in authID in the 1st quarter worth approximately $50,000. Citadel Advisors LLC grew its position in authID by 138.1% in the 2nd quarter. Citadel Advisors LLC now owns 33,607 shares of the company’s stock worth $30,000 after purchasing an additional 19,491 shares during the period. Finally, State Street Corp lifted its holdings in shares of authID by 353.6% during the 1st quarter. State Street Corp now owns 53,076 shares of the company’s stock valued at $208,000 after buying an additional 41,376 shares during the period.

authID Company Profile

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.