T Stamp (NASDAQ:IDAI) CEO Gareth Neville Genner Purchases 6,500 Shares of Stock

T Stamp Inc. (NASDAQ:IDAIGet Free Report) CEO Gareth Neville Genner acquired 6,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were purchased at an average price of $2.48 per share, with a total value of $16,120.00. Following the acquisition, the chief executive officer owned 139,275 shares of the company’s stock, valued at approximately $345,402. This trade represents a 4.90% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Gareth Neville Genner also recently made the following trade(s):

  • On Thursday, August 20th, Gareth Neville Genner bought 800 shares of T Stamp stock. The stock was acquired at an average cost of $3.09 per share, with a total value of $2,472.00.

T Stamp Trading Up 18.0%

Shares of T Stamp stock traded up $0.48 during trading hours on Thursday, hitting $3.15. The company’s stock had a trading volume of 95,912 shares, compared to its average volume of 68,149. The company has a market capitalization of $17.77 million, a PE ratio of -1.57 and a beta of 0.70. The company has a debt-to-equity ratio of 1.28, a current ratio of 6.48 and a quick ratio of 6.48. The stock has a 50 day moving average of $2.22 and a 200 day moving average of $2.41. T Stamp Inc. has a 12 month low of $1.17 and a 12 month high of $5.28.

T Stamp (NASDAQ:IDAIGet Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.14). T Stamp had a negative net margin of 272.78% and a negative return on equity of 137.70%. The business had revenue of $0.90 million for the quarter, compared to the consensus estimate of $0.90 million. Analysts predict that T Stamp Inc. will post -1.39 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Potomac Capital Management Inc. acquired a new stake in T Stamp in the 4th quarter valued at approximately $754,000. Jane Street Group LLC acquired a new position in T Stamp during the 4th quarter worth approximately $220,000. Kestra Advisory Services LLC boosted its position in T Stamp by 7.7% during the 1st quarter. Kestra Advisory Services LLC now owns 56,050 shares of the company’s stock worth $134,000 after acquiring an additional 4,000 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of T Stamp by 67.7% during the 4th quarter. Geode Capital Management LLC now owns 32,517 shares of the company’s stock worth $127,000 after acquiring an additional 13,125 shares in the last quarter. Finally, Dimensional Fund Advisors LP bought a new position in shares of T Stamp during the 1st quarter worth approximately $44,000. 16.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of T Stamp to a “hold” rating in a report on Wednesday, May 20th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, T Stamp presently has an average rating of “Moderate Buy” and an average price target of $12.00.

Read Our Latest Stock Report on IDAI

About T Stamp

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T Stamp Inc develops and markets identity authentication software solutions for government and enterprise partners, and peer-to-peer markets worldwide. It develops proprietary artificial intelligence-powered solutions, researching and leveraging machine learning, artificial intelligence, biometric science, cryptography, and data mining to deliver insightful identity and trust predictions that identify and defend against fraudulent identity attacks, protect sensitive user information, and extend the reach of digital services through global accessibility.

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