authID (NASDAQ:AUID) Director Ken Jisser Acquires 40,650 Shares

authID Inc. (NASDAQ:AUID) Director Ken Jisser bought 40,650 shares of the stock in a transaction dated Tuesday, November 25th. The stock was purchased at an average price of $1.24 per share, with a total value of $50,406.00. Following the purchase, the director owned 92,125 shares in the company, valued at $114,235. This trade represents a 78.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

authID Price Performance

NASDAQ:AUID traded up $0.07 during mid-day trading on Thursday, hitting $1.31. 798,853 shares of the company’s stock were exchanged, compared to its average volume of 3,445,174. The company has a market cap of $17.61 million, a PE ratio of -0.82 and a beta of 1.57. authID Inc. has a one year low of $1.16 and a one year high of $9.58. The business has a fifty day moving average price of $2.46 and a 200 day moving average price of $3.76.

authID (NASDAQ:AUID) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.38) earnings per share for the quarter. authID had a negative net margin of 728.89% and a negative return on equity of 180.17%. The company had revenue of ($0.11) million for the quarter.

Hedge Funds Weigh In On authID

Hedge funds have recently bought and sold shares of the business. XTX Topco Ltd purchased a new stake in authID during the 2nd quarter valued at $77,000. Comerica Bank boosted its stake in shares of authID by 11.7% during the 1st quarter. Comerica Bank now owns 19,127 shares of the company’s stock worth $93,000 after acquiring an additional 2,000 shares during the last quarter. Private Wealth Asset Management LLC purchased a new stake in shares of authID in the 2nd quarter worth $138,000. Corient Private Wealth LLC raised its holdings in authID by 136.4% in the 2nd quarter. Corient Private Wealth LLC now owns 52,000 shares of the company’s stock worth $275,000 after purchasing an additional 30,000 shares during the period. Finally, Connective Capital Management LLC increased its position in authID by 59.1% in the third quarter. Connective Capital Management LLC now owns 120,949 shares of the company’s stock worth $386,000 after buying an additional 44,922 shares in the last quarter. Hedge funds and other institutional investors own 8.83% of the company’s stock.

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.