Intellicheck, Inc. $IDN Shares Sold by Clear Harbor Asset Management LLC

Key Points

• Clear Harbor Asset Management LLC has reduced its stake in Intellicheck, Inc. by 40.8%, owning approximately 2.63% of the company after selling over 359,000 shares in the second quarter.
• Several institutional investors, including Northern Trust Corp and Wilkinson Global Asset Management LLC, have increased their holdings, reflecting a collective ownership of 42.79% in Intellicheck.
• Wall Street analysts have a consensus rating of "Buy" for Intellicheck with a price target averaging $6.17, amid a recent downgrade in trading performance.

Clear Harbor Asset Management LLC lowered its stake in Intellicheck, Inc. (NYSE:IDN - Free Report) by 40.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 521,229 shares of the company's stock after selling 359,061 shares during the period. Clear Harbor Asset Management LLC owned approximately 2.63% of Intellicheck worth $2,809,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wilkinson Global Asset Management LLC grew its position in Intellicheck by 5.2% in the first quarter. Wilkinson Global Asset Management LLC now owns 216,116 shares of the company's stock worth $655,000 after acquiring an additional 10,714 shares in the last quarter. Northern Trust Corp boosted its position in shares of Intellicheck by 20.7% during the fourth quarter. Northern Trust Corp now owns 33,925 shares of the company's stock valued at $95,000 after buying an additional 5,827 shares during the period. XTX Topco Ltd purchased a new position in shares of Intellicheck during the first quarter valued at approximately $63,000. Finally, Virtu Financial LLC purchased a new position in shares of Intellicheck during the first quarter valued at approximately $45,000. Hedge funds and other institutional investors own 42.79% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on IDN shares. DA Davidson boosted their target price on Intellicheck from $5.50 to $6.50 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Wall Street Zen upgraded Intellicheck from a "hold" rating to a "buy" rating in a research report on Wednesday, June 18th. Finally, HC Wainwright restated a "buy" rating and set a $6.00 target price on shares of Intellicheck in a research report on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $6.17.

Intellicheck Stock Performance

Intellicheck stock traded up $0.38 during mid-day trading on Monday, reaching $5.79. 223,622 shares of the company were exchanged, compared to its average volume of 203,359. The business has a fifty day moving average of $5.25 and a 200 day moving average of $4.27. The firm has a market cap of $116.01 million, a P/E ratio of -193.00 and a beta of 1.33. Intellicheck, Inc. has a 12-month low of $1.92 and a 12-month high of $6.49.

About Intellicheck

Intellicheck, Inc, a technology company, provides on-demand digital identity validation solutions for KYC, fraud, and age verification needs in North America. The company offers solutions for digital and physical identities for financial services, fintech companies, BNPL providers, e-commerce and retail commerce businesses, law enforcement, and government agencies.