Insider Buying: Aware (NASDAQ:AWRE) CEO Acquires 9,480 Shares of Stock

Aware, Inc. (NASDAQ:AWRE) CEO Ajay Amlani purchased 9,480 shares of the business’s stock in a transaction on Friday, May 8th. The shares were acquired at an average cost of $1.30 per share, with a total value of $12,324.00. Following the acquisition, the chief executive officer directly owned 892,374 shares in the company, valued at approximately $1,160,086.20. The trade was a 1.07% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Aware Price Performance

Aware stock traded down $0.08 during mid-day trading on Tuesday, hitting $1.26. 27,099 shares of the company’s stock traded hands, compared to its average volume of 59,645. Aware, Inc. has a fifty-two week low of $1.02 and a fifty-two week high of $2.95. The stock has a market cap of $27.25 million, a price-to-earnings ratio of -3.50 and a beta of 0.89. The firm has a 50 day simple moving average of $1.32 and a two-hundred day simple moving average of $1.78.

Aware (NASDAQ:AWRE) last posted its earnings results on Wednesday, April 29th. The software maker reported ($0.16) earnings per share for the quarter. The firm had revenue of $3.39 million for the quarter. Aware had a negative return on equity of 29.66% and a negative net margin of 45.31%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Aware in a research note on Monday, April 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Hedge Funds Weigh In On Aware

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Aware by 1.6% during the third quarter. Vanguard Group Inc. now owns 840,650 shares of the software maker’s stock valued at $2,026,000 after purchasing an additional 13,070 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new position in Aware during the third quarter valued at $193,000. CIBC Private Wealth Group LLC raised its stake in Aware by 14.3% during the third quarter. CIBC Private Wealth Group LLC now owns 80,000 shares of the software maker’s stock valued at $193,000 after buying an additional 10,000 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Aware by 71.6% during the first quarter. Goldman Sachs Group Inc. now owns 34,595 shares of the software maker’s stock valued at $55,000 after buying an additional 14,436 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. purchased a new position in Aware during the third quarter valued at $42,000. 24.39% of the stock is currently owned by institutional investors.

Aware Company Profile

Aware, Inc is a technology company specializing in biometric software and image processing solutions. Its core offerings include fingerprint, face and iris recognition algorithms, biometric template management, and mobile enrolment tools designed to capture and verify identities in secure environments. The company’s software development kits (SDKs) and web services APIs enable system integrators, device manufacturers and application developers to embed biometric and forensic capabilities into their products and services.

Founded in 1986 and headquartered in Bedford, Massachusetts, Aware evolved from an imaging technology provider into a leading vendor of biometric software.