On December 9, 2024, Rhoniel Daguro, the CEO of AuthID Inc, acquired 4,000 shares of the company, as reported in a SEC Filing. Following this transaction, the insider now holds a total of 24,833 shares in the company.
AuthID Inc (AUID, Financial) is a company that specializes in providing secure identity authentication solutions. The company's services are designed to enhance security and streamline identity verification processes for businesses and individuals.
The insider's recent purchase is part of a broader trend within the company. Over the past year, there have been 12 insider buys and 6 insider sells at AuthID Inc. This activity reflects a level of confidence among insiders regarding the company's prospects.
On the day of the purchase, shares of AuthID Inc were trading at $6.48, resulting in a market cap of $68.802 million. The stock's GF Value was estimated at $6.61, giving it a price-to-GF-Value ratio of 0.98. This indicates that the stock is fairly valued according to its GF Value.
The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also considers a GuruFocus adjustment factor based on the company's past returns and growth, as well as future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
