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

Fold Holdings, Inc. (NASDAQ:FLD) COO Matt Mcmanus sold 9,924 shares of the stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $1.50, for a total value of $14,886.00. Following the sale, the chief operating officer owned 384,988 shares of the company’s stock, valued at $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 through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Fold Trading Down 3.9%

FLD stock traded down $0.06 during trading on Thursday, hitting $1.46. 70,721 shares of the company traded hands, compared to its average volume of 94,755. The firm has a market capitalization of $72.75 million, a PE 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 50-day moving average of $1.35 and a 200-day moving average of $2.36. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.84 and a current ratio of 0.86.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FLD. Vanguard Group Inc. raised its position in shares of 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 acquiring an additional 1,538,920 shares in the last quarter. Geode Capital Management LLC bought a new position in shares of Fold in the 2nd quarter worth approximately $749,000. Baird Financial Group Inc. bought a new position in shares of Fold in the 2nd quarter worth approximately $445,000. Vontobel Holding Ltd. bought a new position in shares of Fold in the 3rd quarter worth approximately $309,000. Finally, Evernest Financial Advisors LLC bought a new position in shares of Fold in the 3rd quarter worth approximately $165,000. Institutional investors own 56.89% of the company’s stock.

Wall Street Analyst Weigh In

FLD has been the subject of a number of recent analyst reports. HC Wainwright lowered their price target on Fold from $7.00 to $3.00 and set a “buy” rating for the company in a research report on Wednesday, March 18th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fold in a research report on Thursday, January 22nd. Wall Street Zen raised Fold from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 18th. Finally, Cantor Fitzgerald lowered their price target on Fold from $4.50 to $2.00 and set an “overweight” rating for the company in a research report on Wednesday, March 18th. One 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. According to MarketBeat, Fold currently has a consensus rating of “Moderate Buy” and a consensus 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.