Fold Holdings, Inc. (NASDAQ:FLD – Get Free Report) Director Bracebridge Young, Jr. purchased 8,500 shares of the business’s stock in a transaction on Monday, May 18th. The shares were bought at an average price of $1.24 per share, with a total value of $10,540.00. Following the purchase, the director directly owned 40,100 shares in the company, valued at approximately $49,724. The trade was a 26.90% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Fold Stock Performance
FLD stock opened at $1.25 on Friday. The company has a market capitalization of $62.78 million, a P/E ratio of -1.17 and a beta of 0.39. Fold Holdings, Inc. has a 52-week low of $1.00 and a 52-week high of $5.54. The business has a 50-day simple moving average of $1.33 and a two-hundred day simple moving average of $2.02.
Fold (NASDAQ:FLD – Get Free Report) last announced its earnings results on Tuesday, May 12th. The company reported ($0.59) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $5.59 million during the quarter, compared to analysts’ expectations of $10.00 million. As a group, sell-side analysts forecast that Fold Holdings, Inc. will post -0.77 earnings per share for the current fiscal year.
Analyst Ratings Changes
Read Our Latest Stock Report on Fold
More Fold News
Here are the key news stories impacting Fold this week:
- Positive Sentiment: Director Bracebridge Young, Jr. bought 8,500 shares at $1.24, boosting his stake by 26.9%. Insider buying can signal confidence from management and may help support sentiment. Insider Buying: Fold (NASDAQ:FLD) Director Acquires 8,500 Shares of Stock
- Positive Sentiment: Shareholders backed director and auditor appointments at the annual meeting, reducing near-term governance uncertainty. Fold Holdings Shareholders Back Directors and Auditor Appointment
- Neutral Sentiment: Broader foldable-phone headlines about Samsung’s Galaxy Z Fold 8 and rumored Apple foldable remain mostly unrelated to Fold Holdings’ business, though they keep the category in the news. The Galaxy Z Fold 8 may miss out on S26 Ultra’s best features
- Negative Sentiment: CEO William Brian Poppic Reeves sold shares in recent filings, although the company said the transactions were for tax withholding tied to vested equity awards. Even routine insider selling can weigh on investor sentiment. SEC insider sale filing
- Negative Sentiment: Fold’s last earnings report missed estimates on both EPS and revenue, reinforcing concerns about profitability and execution. Fold stock and earnings overview
Institutional Trading of Fold
Several institutional investors have recently added to or reduced their stakes in FLD. Geode Capital Management LLC purchased a new stake in Fold during the second quarter valued at about $749,000. Baird Financial Group Inc. bought a new position in shares of Fold during the second quarter valued at about $445,000. Osaic Holdings Inc. bought a new position in shares of Fold during the second quarter valued at about $121,000. Valeo Financial Advisors LLC bought a new position in shares of Fold during the third quarter valued at about $47,000. Finally, Vanguard Group Inc. raised its stake in shares of Fold by 650.5% during the third quarter. Vanguard Group Inc. now owns 1,775,506 shares of the company’s stock valued at $6,853,000 after acquiring an additional 1,538,920 shares during the last quarter. 56.89% of the stock is currently owned by hedge funds and other institutional investors.
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.
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