authID Inc. (NASDAQ:AUID) Major Shareholder Stephen Jeffrey Garchik Acquires 150,000 Shares of Stock

authID Inc. (NASDAQ:AUID) major shareholder Stephen Jeffrey Garchik purchased 150,000 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was acquired at an average price of $7.50 per share, with a total value of $1,125,000.00. Following the purchase, the insider now owns 170,834 shares of the company’s stock, valued at $1,281,255. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Stephen Jeffrey Garchik also recently made the following trade(s):

• On Tuesday, April 23rd, Stephen Jeffrey Garchik purchased 12,000 shares of authID stock. The shares were acquired at an average price of $6.85 per share, with a total value of $82,200.00.
• On Friday, April 12th, Stephen Jeffrey Garchik purchased 10,500 shares of authID stock. The shares were bought at an average cost of $7.69 per share, for a total transaction of $80,745.00.

authID Price Performance

Shares of AUID opened at $9.87 on Friday. authID Inc. has a 1 year low of $5.48 and a 1 year high of $13.63. The company’s fifty day moving average is $8.24 and its two-hundred day moving average is $8.85.

authID (NASDAQ:AUID) last announced its quarterly earnings data on Wednesday, May 15th. The company reported ($0.32) earnings per share for the quarter. The business had revenue of $0.16 million for the quarter. authID had a negative return on equity of 204.12% and a negative net margin of 6,689.18%.

Institutional Trading of authID

Large investors have recently bought and sold shares of the company. Wealthspire Advisors LLC grew its position in shares of authID by 126.3% in the fourth quarter. Wealthspire Advisors LLC now owns 29,867 shares of the company’s stock valued at $283,000 after purchasing an additional 16,667 shares during the last quarter. Johnson Financial Group Inc. increased its position in authID by 100.0% during the 4th quarter. Johnson Financial Group Inc. now owns 40,610 shares of the company’s stock worth $384,000 after purchasing an additional 20,305 shares in the last quarter. Finally, Leo Wealth LLC acquired a new position in authID in the 4th quarter valued at 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.