Insider Selling: NXT-ID Inc (NXTD) COO Sells 10,000 Shares of Stock

NXT-ID Inc (NASDAQ:NXTD) COO Michael Joseph Orlando sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $2.72, for a total value of $27,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Michael Joseph Orlando also recently made the following trade(s):

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  • On Tuesday, February 13th, Michael Joseph Orlando sold 10,000 shares of NXT-ID stock. The shares were sold at an average price of $2.06, for a total value of $20,600.00.

Shares of NXTD stock traded down $0.10 during trading on Friday, reaching $1.87. The company had a trading volume of 361,657 shares, compared to its average volume of 602,735. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.61 and a quick ratio of 0.32. NXT-ID Inc has a one year low of $1.01 and a one year high of $8.59.

Separately, Maxim Group raised their price objective on NXT-ID from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd.

A number of hedge funds and other institutional investors have recently modified their holdings of NXTD. Millennium Management LLC bought a new position in NXT-ID in the 4th quarter worth approximately $145,000. Bank of Montreal Can bought a new position in NXT-ID in the 4th quarter worth approximately $100,000. Finally, Vanguard Group Inc. increased its position in NXT-ID by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 76,010 shares of the technology company’s stock worth $144,000 after buying an additional 1,609 shares during the period. 3.07% of the stock is currently owned by institutional investors.

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About NXT-ID

Nxt-ID, Inc, a security technology company, engages in the development of products and solutions for security, healthcare, finance, and Internet of Things (IoT) markets. It offers World Ventures SmartCard, a smartcard customized for WorldVentures, a travel company with approximately 500,000 members; and develops NXT SmartPay, a standalone solution with the ability to make payments on various devices through magnetic stripes, as well as through interaction with a terminal through EMC, near field communication (NFC), or barcode functionality.

Insider Buying and Selling by Quarter for NXT-ID (NASDAQ:NXTD)

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