authID Inc. (NASDAQ:AUID) Major Shareholder Purchases $82,200.00 in Stock

authID Inc. (NASDAQ:AUID) major shareholder Stephen Jeffrey Garchik bought 12,000 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were acquired at an average cost of $6.85 per share, with a total value of $82,200.00. Following the purchase, the insider now directly owns 1,163,096 shares of the company’s stock, valued at approximately $7,967,207.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Friday, April 12th, Stephen Jeffrey Garchik acquired 10,500 shares of authID stock. The shares were bought at an average price of $7.69 per share, with a total value of $80,745.00.
• On Tuesday, January 30th, Stephen Jeffrey Garchik bought 2,500 shares of authID stock. The stock was bought at an average cost of $9.10 per share, for a total transaction of $22,750.00.

authID Trading Up 3.2 %

AUID opened at $7.39 on Thursday. The stock has a 50-day moving average price of $8.67 and a 200-day moving average price of $8.57. authID Inc. has a 1 year low of $2.45 and a 1 year high of $13.63. The company has a quick ratio of 6.55, a current ratio of 6.55 and a debt-to-equity ratio of 0.02.

Institutional Trading of authID

A number of large investors have recently made changes to their positions in AUID. Wealthspire Advisors LLC raised its position in authID by 126.3% in the fourth quarter. Wealthspire Advisors LLC now owns 29,867 shares of the company’s stock worth $283,000 after acquiring an additional 16,667 shares during the period. Johnson Financial Group Inc. grew its position in shares of authID by 100.0% during the fourth 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 in the last quarter. Finally, Leo Wealth LLC bought a new stake in shares of authID during the fourth quarter valued at approximately $1,232,000. 8.83% of the stock is currently owned by institutional investors.

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.