In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Nxt-Id Inc. (NASDAQ:NXTD) reported that Anson Funds Management Lp has picked up 1,434,145 of common stock as of 2017-07-17.
The acquisition brings the aggregate amount owned by Anson Funds Management Lp to a total of 1,434,145 representing a 9.8% in the company.
For those not familiar with the company, Nxt-ID, Inc. is a technology company. The Company is focused on products, solutions and services for security on mobile devices. The Company’s core technologies consist of those that support digital payments, biometric identification, encryption, sensors and miniaturization. It has three lines of business: mobile commerce (m-commerce), primarily through the application of secure digital payment technologies; biometric access control applications, and Department of Defense contracting. It intends to use its core biometric facial and voice recognition algorithms to develop security applications (both cloud based and locally hosted) that can be used for companies, as well as individuals, law enforcement, the defense industry, and the United States Department of Defense. Its offerings include Wocket, a physical electronic smart wallet; the NXT Smartcard, a standalone smartcard; Wi-Mag, an antenna and payment technology, and 3D FaceMatch and 3D SketchArtist facial recognition products..
A glance at Nxt-Id Inc. (NASDAQ:NXTD)s key stats reveals a current market capitalization of 19.86 Million based on 12.19 Milion shares outstanding and a price at last close of $1.58 per share.
Looking at insider activity, there are a few recent transactions worth noting.
Specifically, on 2015-09-30, Miceli picked up 200 at a purchase price of $0.90. This brings their total holding to 78,251 as of the date of the filing.
On the sell side, the most recent transaction saw Pereira unload 650,000 shares at a sale price of $0.00. This brings their total holding to 8,968,738.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Nxt-Id Inc. (NASDAQ:NXTD) as things move forward to see if its progress aligns with these transactions.Subscribe below and we’ll keep you on top of what’s happening before it moves markets.