authID (NASDAQ:AUID) Trading Down 3.4% – Time to Sell?

by · The Markets Daily

authID Inc. (NASDAQ:AUID – Get Free Report)’s share price fell 3.4% on Monday . The stock traded as low as $6.03 and last traded at $6.30. 40,622 shares changed hands during trading, an increase of 72% from the average session volume of 23,609 shares. The stock had previously closed at $6.52.

authID Price Performance

The company’s 50-day moving average is $6.80 and its 200 day moving average is $7.97.

Insider Buying and Selling

In related news, CEO Rhoniel Daguro bought 4,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was purchased at an average cost of $6.48 per share, for a total transaction of $25,920.00. Following the purchase, the chief executive officer now directly owns 24,833 shares in the company, valued at $160,917.84. This trade represents a 19.20 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ken Jisser purchased 8,000 shares of the business’s stock in a transaction on Monday, December 9th. The stock was purchased at an average cost of $6.48 per share, with a total value of $51,840.00. Following the acquisition, the director now owns 51,475 shares in the company, valued at approximately $333,558. This represents a 18.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 4,001 shares of company stock worth $26,297. 6.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On authID

A hedge fund recently bought a new stake in authID stock. Brighton Jones LLC acquired a new position in shares of authID Inc. (NASDAQ:AUID – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,392 shares of the company’s stock, valued at approximately $191,000. Brighton Jones LLC owned 0.19% of authID at the end of the most recent reporting period. 8.83% of the stock is currently owned by hedge funds and other institutional investors.

About authID

(Get Free Report)

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.

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