Stephen Jeffrey Garchik Buys 10,500 Shares of authID Inc. (NASDAQ:AUID) Stock

authID Inc. (NASDAQ:AUID) major shareholder Stephen Jeffrey Garchik purchased 10,500 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were purchased at an average cost of $7.69 per share, with a total value of $80,745.00. Following the completion of the acquisition, the insider now directly owns 1,151,096 shares of the company’s stock, valued at $8,851,928.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own more than 10% 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 Tuesday, January 30th, Stephen Jeffrey Garchik purchased 2,500 shares of authID stock. The shares were purchased at an average cost of $9.10 per share, with a total value of $22,750.00.
• On Wednesday, January 24th, Stephen Jeffrey Garchik purchased 5,394 shares of authID stock. The shares were purchased at an average cost of $9.00 per share, with a total value of $48,546.00.
• On Monday, January 22nd, Stephen Jeffrey Garchik purchased 3,311 shares of authID stock. The shares were purchased at an average cost of $8.89 per share, with a total value of $29,434.79.

authID Price Performance

NASDAQ AUID opened at $7.76 on Wednesday. authID Inc. has a 52-week low of $2.45 and a 52-week high of $13.63. The firm has a 50-day moving average price of $9.06 and a 200 day moving average price of $8.59. The company has a debt-to-equity ratio of 0.02, a current ratio of 6.55 and a quick ratio of 6.55.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Sonic GP LLC acquired a new position in authID during the fourth quarter worth about $579,000. Simon Quick Advisors LLC boosted its position in authID by 918.7% during the first quarter. Simon Quick Advisors LLC now owns 1,041,739 shares of the company’s stock worth $469,000 after acquiring an additional 939,476 shares during the last quarter. Vanguard Group Inc. boosted its position in authID by 30.0% during the first quarter. Vanguard Group Inc. now owns 888,380 shares of the company’s stock worth $3,483,000 after acquiring an additional 204,876 shares during the last quarter. Leo Wealth LLC acquired a new stake in authID during the fourth quarter worth approximately $1,232,000. Finally, UBS Group AG boosted its position in authID by 440.8% during the first quarter. UBS Group AG now owns 53,378 shares of the company’s stock worth $210,000 after acquiring an additional 43,508 shares during the last quarter. 8.83% of the stock is owned by hedge funds and other institutional investors.

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.