authID (NASDAQ:AUID) Trading Down 1.8% – Should You Sell?

authID Inc. (NASDAQ:AUID) traded down 1.8% on Monday . The stock traded as low as $5.97 and last traded at $6.13. 27,338 shares traded hands during mid-day trading, an increase of 38% from the average session volume of 19,779 shares. The stock had previously closed at $6.24.

authID Trading Down 1.8 %

The firm has a fifty day moving average of $6.53 and a 200-day moving average of $7.67.

Insider Buying and Selling

In other news, CEO Rhoniel Daguro bought 4,000 shares of authID stock in a transaction on Monday, December 9th. The shares were bought at an average cost of $6.48 per share, for a total transaction of $25,920.00. Following the acquisition, the chief executive officer now owns 24,833 shares in the company, valued at approximately $160,917.84. This trade represents a 19.20 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ken Jisser purchased 8,000 shares of the stock in a transaction dated Monday, December 9th. The shares were purchased at an average price of $6.48 per share, with a total value of $51,840.00. Following the completion of the acquisition, the director now owns 51,475 shares of the company’s stock, 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. Insiders have sold 5,001 shares of company stock worth $32,597 in the last three months. Corporate insiders own 6.60% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in authID stock. Brighton Jones LLC purchased a new position in authID Inc. (NASDAQ:AUID) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 18,392 shares of the company’s stock, valued at approximately $191,000. Brighton Jones LLC owned about 0.19% of authID at the end of the most recent quarter. 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.