Key Points
- COO Matt Mcmanus sold 9,924 shares at an average price of $1.50 on April 22 to cover tax withholding on vested equity, trimming his position by 2.51% to 384,988 shares (proceeds ~$14,886); the sale was disclosed in an SEC filing.
- Fold's stock shows mixed signals: the company has a market cap of about $72.8M, a negative P/E, a 50‑day/200‑day moving average of $1.35/$2.36 and a 1‑year range of $1.00–$5.54, with institutional ownership around 56.9%; analysts are split but MarketBeat's consensus is a "Moderate Buy" with a $5.00 target amid recent price‑target cuts (e.g., Cantor Fitzgerald to $2, HC Wainwright to $3).
Fold Holdings, Inc. (NASDAQ:FLD - Get Free Report) COO Matt Mcmanus sold 9,924 shares of the company's stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $1.50, for a total value of $14,886.00. Following the completion of the sale, the chief operating officer owned 384,988 shares in the company, valued at approximately $577,482. This represents a 2.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Fold Stock Performance
NASDAQ FLD opened at $1.46 on Friday. The business has a 50 day moving average price of $1.35 and a 200 day moving average price of $2.36. The company has a market capitalization of $72.75 million, a P/E ratio of -0.61 and a beta of 0.27. Fold Holdings, Inc. has a 1-year low of $1.00 and a 1-year high of $5.54. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.84.
Hedge Funds Weigh In On Fold
Institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. acquired a new stake in shares of Fold during the second quarter valued at $121,000. Millennium Management LLC acquired a new position in Fold in the 3rd quarter valued at about $97,000. Shay Capital LLC acquired a new position in Fold in the 3rd quarter valued at about $92,000. Squarepoint Ops LLC purchased a new position in Fold in the 3rd quarter valued at about $46,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in Fold in the 4th quarter valued at about $41,000. 56.89% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have recently issued reports on FLD. Cantor Fitzgerald cut their price target on Fold from $4.50 to $2.00 and set an "overweight" rating for the company in a research note on Wednesday, March 18th. Weiss Ratings reissued a "sell (d)" rating on shares of Fold in a research note on Thursday, January 22nd. Wall Street Zen upgraded shares of Fold from a "strong sell" rating to a "sell" rating in a report on Saturday, April 18th. Finally, HC Wainwright cut their target price on shares of Fold from $7.00 to $3.00 and set a "buy" rating for the company in a research report on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Fold presently has a consensus rating of "Moderate Buy" and a consensus price target of $5.00.
Check Out Our Latest Stock Analysis on Fold
Fold Company Profile
(
Get Free Report)
Fold, trading under the ticker FLD on the NASDAQ, is a financial technology company specializing in bitcoin rewards and cryptocurrency-based consumer products. The company's core offering enables users to earn bitcoin on everyday purchases through a prepaid Visa debit card, converting traditional currency transactions into bitcoin rewards at no extra cost. By partnering with major payment networks and merchant platforms, Fold aims to bridge the gap between mainstream spending and digital asset adoption.
Beyond the debit card, Fold offers a mobile application that integrates with the Bitcoin Lightning Network to facilitate faster and more cost-efficient transactions.
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