Fold (NASDAQ:FLD) COO Matt Mcmanus Sells 9,924 Shares of Stock

Fold Holdings, Inc. (NASDAQ:FLD) COO Matt Mcmanus sold 9,924 shares of the stock in a transaction 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 sale, the chief operating officer directly owned 384,988 shares of the company’s stock, valued at approximately $577,482. This represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Fold Stock Performance

Shares of FLD opened at $1.46 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.84 and a current ratio of 0.86. The stock has a market capitalization of $72.75 million, a P/E ratio of -0.61 and a beta of 0.27. The company’s fifty day moving average is $1.35 and its two-hundred day moving average is $2.36. Fold Holdings, Inc. has a 1 year low of $1.00 and a 1 year high of $5.54.

Institutional Investors Weigh In On Fold

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC purchased a new position in shares of Fold in the 2nd quarter valued at about $749,000. Baird Financial Group Inc. acquired a new stake in shares of Fold in the second quarter valued at about $445,000. Osaic Holdings Inc. purchased a new stake in Fold during the second quarter worth about $121,000. Vontobel Holding Ltd. purchased a new stake in Fold during the third quarter worth about $309,000. Finally, Valeo Financial Advisors LLC acquired a new position in Fold during the third quarter worth about $47,000. 56.89% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on FLD shares. HC Wainwright dropped their price target on shares of Fold from $7.00 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. Wall Street Zen raised Fold from a “strong sell” rating to a “sell” rating in a report on Saturday, April 18th. Cantor Fitzgerald dropped their target price on Fold from $4.50 to $2.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 18th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Fold in a research note on Thursday, January 22nd. 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 stock. Based on data from MarketBeat, Fold has a consensus rating of “Moderate Buy” and an average target price of $5.00.

Fold Company Profile

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.