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

authID Inc. (NASDAQ:AUID) major shareholder Stephen Jeffrey Garchik purchased 12,000 shares of authID stock in a transaction dated Tuesday, April 23rd. The shares were purchased at an average cost of $6.85 per share, with a total value of $82,200.00. Following the acquisition, the insider now owns 1,163,096 shares of the company’s stock, valued at approximately $7,967,207.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more 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 bought 10,500 shares of authID stock. The shares were purchased at an average cost 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 shares were bought at an average cost of $9.10 per share, for a total transaction of $22,750.00.

authID Price Performance

Shares of authID stock opened at $7.39 on Thursday. The company’s 50-day moving average price is $8.67 and its two-hundred day moving average price is $8.57. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.02. authID Inc. has a 52 week low of $2.45 and a 52 week high of $13.63.

Institutional Trading of authID

Several institutional investors and hedge funds have recently bought and sold shares of AUID. Wealthspire Advisors LLC raised its position in authID by 126.3% during the fourth quarter. Wealthspire Advisors LLC now owns 29,867 shares of the company’s stock valued at $283,000 after buying an additional 16,667 shares during the period. Johnson Financial Group Inc. raised its holdings 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 acquiring an additional 20,305 shares in the last quarter. Finally, Leo Wealth LLC purchased a new stake in shares of authID during the 4th quarter worth about $1,232,000. Institutional investors and hedge funds own 8.83% of the company’s stock.

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.