authID Inc. (NASDAQ:AUID) Major Shareholder Stephen Jeffrey Garchik Purchases 12,000 Shares of Stock

authID Inc. (NASDAQ:AUID) major shareholder Stephen Jeffrey Garchik bought 12,000 shares of the stock in a transaction on Tuesday, April 23rd. The stock was 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 in the company, valued at $7,967,207.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases 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 stock was 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 purchased 2,500 shares of authID stock. The stock was bought at an average price of $9.10 per share, for a total transaction of $22,750.00.

authID Trading Up 8.6 %

NASDAQ AUID opened at $8.03 on Friday. The business’s 50-day moving average price is $8.61 and its two-hundred day moving average price is $8.57. authID Inc. has a 12 month low of $2.45 and a 12 month high of $13.63. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.02.

Institutional Investors Weigh In On authID

A number of institutional investors have recently made changes to their positions in the stock. Leo Wealth LLC bought a new stake in shares of authID in the 4th quarter valued at about $1,232,000. Johnson Financial Group Inc. grew its position in shares of authID by 100.0% in the 4th quarter. Johnson Financial Group Inc. now owns 40,610 shares of the company’s stock valued at $384,000 after buying an additional 20,305 shares during the last quarter. Finally, Wealthspire Advisors LLC grew its position in shares of authID by 126.3% in the 4th 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 last quarter. 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.