authID Inc. (NASDAQ:AUID) Major Shareholder Purchases $1,125,000.00 in Stock

authID Inc. (NASDAQ:AUID) major shareholder Stephen Jeffrey Garchik purchased 150,000 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The shares were acquired at an average cost of $7.50 per share, for a total transaction of $1,125,000.00. Following the completion of the transaction, the insider now directly owns 170,834 shares of the company’s stock, valued at approximately $1,281,255. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Stephen Jeffrey Garchik also recently made the following trade(s):

• On Tuesday, April 23rd, Stephen Jeffrey Garchik bought 12,000 shares of authID stock. The shares were acquired at an average cost of $6.85 per share, for a total transaction of $82,200.00.
• On Friday, April 12th, Stephen Jeffrey Garchik bought 10,500 shares of authID stock. The stock was bought at an average price of $7.69 per share, with a total value of $80,745.00.

authID Price Performance

AUID opened at $10.38 on Friday. authID Inc. has a 1 year low of $5.61 and a 1 year high of $13.63. The stock has a fifty day moving average price of $8.30 and a 200 day moving average price of $8.86.

authID (NASDAQ:AUID) last announced its earnings results on Wednesday, May 15th. The company reported ($0.32) earnings per share (EPS) for the quarter. authID had a negative return on equity of 204.12% and a negative net margin of 6,689.18%. The company had revenue of $0.16 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AUID. Leo Wealth LLC bought a new stake in authID during the fourth quarter valued at about $1,232,000. Johnson Financial Group Inc. lifted its position in shares of authID by 100.0% during the 4th quarter. Johnson Financial Group Inc. now owns 40,610 shares of the company’s stock worth $384,000 after purchasing an additional 20,305 shares during the last quarter. Finally, Wealthspire Advisors LLC boosted its stake in authID by 126.3% during the 4th quarter. Wealthspire Advisors LLC now owns 29,867 shares of the company’s stock valued at $283,000 after purchasing an additional 16,667 shares during the period. 8.83% of the stock is currently owned by institutional investors and hedge funds.

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.