NXT-ID Inc. (NASDAQ:NXTD) insider C. David Tunnell sold 6,000 shares of the firm’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $1.90, for a total transaction of $11,400.00. Following the transaction, the insider now directly owns 801,633 shares in the company, valued at $1,523,102.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

C. David Tunnell also recently made the following trade(s):

  • On Monday, October 16th, C. David Tunnell sold 2,000 shares of NXT-ID stock. The stock was sold at an average price of $1.90, for a total transaction of $3,800.00.
  • On Tuesday, October 10th, C. David Tunnell sold 2,000 shares of NXT-ID stock. The stock was sold at an average price of $2.12, for a total transaction of $4,240.00.
  • On Thursday, October 5th, C. David Tunnell sold 4,000 shares of NXT-ID stock. The stock was sold at an average price of $2.20, for a total transaction of $8,800.00.

NXT-ID Inc. (NASDAQ NXTD) traded up 4.29% during trading on Friday, reaching $1.70. 377,671 shares of the company were exchanged. The firm’s 50 day moving average price is $2.18 and its 200-day moving average price is $1.79. NXT-ID Inc. has a one year low of $1.21 and a one year high of $4.38. The stock’s market capitalization is $25.70 million.

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Separately, Maxim Group set a $5.00 price target on shares of NXT-ID and gave the stock a “buy” rating in a research report on Wednesday, July 26th.

A hedge fund recently raised its stake in NXT-ID stock. Virtu KCG Holdings LLC raised its holdings in shares of NXT-ID Inc. (NASDAQ:NXTD) by 1,806.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 256,052 shares of the technology company’s stock after purchasing an additional 242,621 shares during the quarter. Virtu KCG Holdings LLC owned approximately 2.67% of NXT-ID worth $479,000 as of its most recent filing with the Securities & Exchange Commission. 3.06% of the stock is owned by institutional investors and hedge funds.

About NXT-ID

Nxt-ID, Inc is a technology company. The Company is focused on products, solutions and services for security on mobile devices. The Company’s core technologies consist of those that support digital payments, biometric identification, encryption, sensors and miniaturization. It has three lines of business: mobile commerce (m-commerce), primarily through the application of secure digital payment technologies; biometric access control applications, and Department of Defense contracting.

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