Insider Buying: Aware (NASDAQ:AWRE) CEO Acquires $11,870.80 in Stock

Aware, Inc. (NASDAQ:AWRE) CEO Ajay Amlani acquired 10,060 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average cost of $1.18 per share, for a total transaction of $11,870.80. Following the acquisition, the chief executive officer directly owned 938,734 shares in the company, valued at $1,107,706.12. This represents a 1.08% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Aware Stock Down 3.9%

AWRE stock opened at $1.23 on Friday. The firm has a market capitalization of $26.72 million, a PE ratio of -3.06 and a beta of 1.01. Aware, Inc. has a twelve month low of $1.02 and a twelve month high of $2.95. The stock has a 50-day simple moving average of $1.32 and a two-hundred day simple moving average of $1.42.

Aware (NASDAQ:AWRE) last announced its quarterly earnings results on Wednesday, July 29th. The software maker reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.02). Aware had a negative net margin of 51.92% and a negative return on equity of 35.21%. The company had revenue of $3.25 million for the quarter, compared to the consensus estimate of $3.70 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Aware in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On Aware

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd bought a new position in Aware in the 4th quarter worth about $30,000. Goldman Sachs Group Inc. boosted its position in shares of Aware by 71.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 34,595 shares of the software maker’s stock valued at $55,000 after acquiring an additional 14,436 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of Aware during the third quarter worth about $193,000. CIBC Private Wealth Group LLC grew its holdings in shares of Aware by 14.3% during the third quarter. CIBC Private Wealth Group LLC now owns 80,000 shares of the software maker’s stock worth $193,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Aware by 1.6% in the first quarter. Renaissance Technologies LLC now owns 655,712 shares of the software maker’s stock worth $820,000 after purchasing an additional 10,139 shares during the last quarter. 24.39% of the stock is currently owned by hedge funds and other institutional investors.

About Aware

Aware, Inc is a technology company specializing in biometric software and image processing solutions. Its core offerings include fingerprint, face and iris recognition algorithms, biometric template management, and mobile enrolment tools designed to capture and verify identities in secure environments. The company’s software development kits (SDKs) and web services APIs enable system integrators, device manufacturers and application developers to embed biometric and forensic capabilities into their products and services.

Founded in 1986 and headquartered in Bedford, Massachusetts, Aware evolved from an imaging technology provider into a leading vendor of biometric software.