Authentidate Holding Corp. (ADAT) Major Shareholder Lazarus Management Co Llc Sells 320,000 Shares of Stock
Authentidate Holding Corp. (NASDAQ:ADAT) major shareholder Lazarus Management Co Llc sold 320,000 shares of the firm’s stock in a transaction that occurred on Friday, October 14th. The shares were sold at an average price of $3.25, for a total value of $1,040,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Authentidate Holding Corp. (NASDAQ:ADAT) opened at 3.27 on Wednesday. The stock has a 50 day moving average price of $3.09 and a 200 day moving average price of $3.20. Authentidate Holding Corp. has a 12-month low of $2.05 and a 12-month high of $8.01. The firm has a market capitalization of $18.87 million and a PE ratio of 2.01.
Authentidate Holding Corp. (NASDAQ:ADAT) last announced its quarterly earnings data on Wednesday, September 28th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business earned $7.60 million during the quarter. Analysts predict that Authentidate Holding Corp. will post ($0.13) EPS for the current fiscal year.
About Authentidate Holding Corp.
Authentidate Holding Corp. and its subsidiaries provide Web-based revenue cycle management applications, and telehealth products and services. The Company enables healthcare organizations to coordinate care for patients and to manage related administrative and clinical workflows. Its Web-based solutions incorporate multiple features and security technologies, such as business-rules based electronic forms, intelligent routing, transaction management, electronic signatures, identity credentialing, content authentication, automated audit trails and remote patient management capabilities.
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