Trump/Cook, Nissan weakness, more tariffs and gold - what’s moving markets
In recent transactions reported to the Securities and Exchange Commission, Peter R. Faubert, a director at Aware Inc (NASDAQ:AWRE), acquired additional shares of the company. The insider buying comes as InvestingPro analysis shows the stock trading below its Fair Value, following a significant 29% decline over the past six months. On March 11 and 12, Faubert purchased a total of 21,134 shares of common stock. These acquisitions were made at prices ranging from $1.52 to $1.61 per share, amounting to a total investment of $33,923 in the $32.5 million market cap company. InvestingPro data reveals the company maintains impressive gross margins of 93% and a strong current ratio of 13.6.
Following these transactions, Faubert’s direct ownership of Aware Inc shares increased to 112,432 shares. Additionally, Faubert holds 47,987 shares as part of an unrestricted stock award under the company’s 2023 Equity and Incentive Plan. These shares are set to be issued in two installments later in the year, contingent upon Faubert’s continued service with the company. For deeper insights into insider trading patterns and comprehensive financial analysis, discover more with InvestingPro’s detailed research reports, available for over 1,400 US stocks.
In other recent news, Aware, Inc. reported a 10% increase in revenue for the fourth quarter of 2024, amounting to $4.8 million. Despite this growth, the company’s full-year revenue slightly decreased to $17.4 million from $18.2 million in 2023. Operating expenses were reduced by 14%, contributing to a narrower net loss of $4.4 million compared to $7.3 million the previous year. Aware’s CEO, Ajay Amlani, highlighted the company’s strategic focus on biometric authentication technologies to combat AI-driven fraud. In another development, Aware appointed Brian Krause as its new Chief Revenue Officer. Krause, who has a strong background in the biometric and digital identity sectors, is expected to play a key role in driving the company’s growth. Additionally, the company remains open to potential mergers and acquisitions to expand its market reach and technology offerings. Aware also announced its commitment to improving operational efficiency and strengthening strategic partnerships.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.