Insider Selling: Authentidate Holding Corp. (ADAT) Major Shareholder Sells 320,000 Shares of Stock

Authentidate Holding Corp. (NASDAQ:ADAT) major shareholder Lazarus Management Co Llc sold 320,000 shares of Authentidate Holding Corp. stock in a transaction on Friday, October 14th. The stock was 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 SEC, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Authentidate Holding Corp. (NASDAQ:ADAT) traded up 0.31% during midday trading on Tuesday, hitting $3.27. The stock had a trading volume of 123 shares. The stock has a market cap of $18.87 million and a P/E ratio of 2.01. Authentidate Holding Corp. has a 52 week low of $2.05 and a 52 week high of $8.01. The company has a 50-day moving average price of $3.09 and a 200-day moving average price of $3.20.

Authentidate Holding Corp. (NASDAQ:ADAT) last announced its quarterly earnings results on Wednesday, September 28th. The company reported ($0.03) earnings per share (EPS) for the quarter. The company earned $7.60 million during the quarter. Equities analysts expect that Authentidate Holding Corp. will post ($0.13) EPS for the current 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.

5 Day Chart for NASDAQ:ADAT

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