Stephen Jeffrey Garchik Buys 150,000 Shares of authID Inc. (NASDAQ:AUID) Stock

authID Inc. (NASDAQ:AUID) major shareholder Stephen Jeffrey Garchik acquired 150,000 shares of the company’s stock in a transaction dated Thursday, June 27th. The stock was acquired at an average price of $7.50 per share, with a total value of $1,125,000.00. Following the purchase, the insider now owns 170,834 shares in the company, valued at approximately $1,281,255. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock 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 stock was 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 purchased 10,500 shares of authID stock. The shares were acquired at an average price of $7.69 per share, with a total value of $80,745.00.

authID Trading Up 5.2 %

AUID stock 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 business’s 50 day moving average is $8.30 and its 200-day moving average is $8.86.

authID (NASDAQ:AUID) last released its quarterly earnings data 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.

Hedge Funds Weigh In On authID

Several institutional investors have recently added to or reduced their stakes in the company. Wealthspire Advisors LLC increased its holdings in shares of authID by 126.3% during the fourth quarter. Wealthspire Advisors LLC now owns 29,867 shares of the company’s stock worth $283,000 after buying an additional 16,667 shares in the last quarter. Johnson Financial Group Inc. grew its position in 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 acquiring an additional 20,305 shares during the last quarter. Finally, Leo Wealth LLC acquired a new stake in authID during the 4th quarter valued at $1,232,000. 8.83% of the stock is owned by institutional investors.

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.