Insider Buying: Fold (NASDAQ:FLD) Director Acquires 8,500 Shares of Stock

Key Points

  • Fold director Bracebridge Young, Jr. bought 8,500 shares on May 18 at an average price of $1.24, increasing his holdings by 26.9% to 40,100 shares. The purchase was disclosed in an SEC filing.
  • FLD shares were down 3.6% and recently traded around $1.20, below both the 50-day moving average of $1.33 and the 200-day moving average of $2.06. The stock is near its 52-week low of $1.00, reflecting weak recent momentum.
  • Fold’s latest earnings missed expectations, with a quarterly EPS loss of $0.59 versus a consensus loss of $0.16 and revenue of $5.59 million versus the expected $10.0 million. Analysts currently expect the company to post a loss for the year, though brokerage ratings are mixed.

Fold Holdings, Inc. (NASDAQ:FLD - Get Free Report) Director Bracebridge Young, Jr. bought 8,500 shares of the business's stock in a transaction that occurred on Monday, May 18th. The stock was bought at an average price of $1.24 per share, with a total value of $10,540.00. Following the completion of the transaction, the director directly owned 40,100 shares of the company's stock, valued at $49,724. This represents a 26.90% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Fold Stock Down 3.6%

FLD opened at $1.20 on Wednesday. The business's fifty day simple moving average is $1.33 and its 200 day simple moving average is $2.06. Fold Holdings, Inc. has a 52 week low of $1.00 and a 52 week high of $5.54. The stock has a market cap of $60.01 million, a PE ratio of -1.12 and a beta of 0.39.

Fold (NASDAQ:FLD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.43). Fold had a negative return on equity of 90.99% and a negative net margin of 164.63%.The firm had revenue of $5.59 million for the quarter, compared to the consensus estimate of $10.00 million. As a group, equities analysts anticipate that Fold Holdings, Inc. will post -0.77 earnings per share for the current year.

Institutional Investors Weigh In On Fold




Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Fold by 650.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,775,506 shares of the company's stock worth $6,853,000 after purchasing an additional 1,538,920 shares during the period. Geode Capital Management LLC purchased a new stake in shares of Fold during the second quarter valued at approximately $749,000. Baird Financial Group Inc. bought a new position in shares of Fold in the second quarter worth approximately $445,000. Evernest Financial Advisors LLC bought a new position in shares of Fold in the third quarter worth approximately $165,000. Finally, State Street Corp increased its stake in shares of Fold by 110.8% in the fourth quarter. State Street Corp now owns 78,200 shares of the company's stock worth $204,000 after buying an additional 41,100 shares during the period. 56.89% of the stock is currently owned by hedge funds and other institutional investors.

Fold News Summary

Here are the key news stories impacting Fold this week:

  • Neutral Sentiment: Multiple reports suggest Apple is moving closer to a foldable iPhone, with leaks and rumors pointing to major features and a possible launch timeline. That could expand the foldable market, but it also raises the risk of more competition for current players in the space. Apple Just Confirmed 6 Major Features for the iPhone Ultra Fold
  • Neutral Sentiment: Samsung Galaxy Z Fold 8 leaks continue to highlight thinner designs, hinge changes, and other hardware updates, showing that foldables remain a fast-moving and competitive product category. Galaxy Z Fold 8, Wide Fold leak again, leaving little to imagination
  • Neutral Sentiment: Some coverage points to possible tradeoffs in new foldable designs, including missing features such as telephoto cameras or S Pen support, which could affect consumer demand across the category but does not directly change Fold’s fundamentals. Samsung Removed a Key Camera From the Galaxy Z Fold 8
  • Negative Sentiment: Fold disclosed that CTO Thomas J. Dickman sold shares, though the filing says the sale was tied to tax withholding on vested equity awards. Insider selling can still weigh on sentiment even when the reason is routine. SEC filing for insider sale
  • Negative Sentiment: News that Apple’s foldable project may face hinge-related delays adds to uncertainty around the timing of broader foldable-phone adoption, which could keep near-term investor enthusiasm in check. Problematic hinge could delay the iPhone Fold

Analyst Ratings Changes

Several brokerages have issued reports on FLD. Wall Street Zen raised Fold from a "strong sell" rating to a "sell" rating in a research note on Saturday, April 18th. HC Wainwright lowered their price objective on shares of Fold from $7.00 to $3.00 and set a "buy" rating for the company in a report on Wednesday, March 18th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Fold in a research note on Thursday, January 22nd. Cantor Fitzgerald reduced their target price on shares of Fold from $2.00 to $1.70 and set an "overweight" rating on the stock in a report on Wednesday, May 13th. Finally, Northland Securities set a $3.50 target price on shares of Fold in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Fold presently has an average rating of "Moderate Buy" and an average target price of $2.73.

View Our Latest Stock Report on Fold

About Fold

(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.

Further Reading

Insider Buying and Selling by Quarter for Fold (NASDAQ:FLD)

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