Forum Markets, Inc (NASDAQ:FRMM – Get Free Report) major shareholder Konstantin Lomashuk sold 3,702 shares of the business’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $6.41, for a total value of $23,729.82. Following the completion of the sale, the insider directly owned 1,483,687 shares in the company, valued at approximately $9,510,433.67. This represents a 0.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Konstantin Lomashuk also recently made the following trade(s):
- On Wednesday, July 8th, Konstantin Lomashuk sold 1,100 shares of Forum Markets stock. The stock was sold at an average price of $6.13, for a total value of $6,743.00.
Forum Markets Stock Down 1.0%
Forum Markets stock traded down $0.06 during mid-day trading on Thursday, hitting $5.90. 221,076 shares of the company were exchanged, compared to its average volume of 854,048. The company has a market capitalization of $85.79 million, a P/E ratio of -0.16 and a beta of 1.37. The business has a fifty day moving average of $4.99. Forum Markets, Inc has a 1-year low of $1.76 and a 1-year high of $174.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 6.19 and a quick ratio of 6.19.
Wall Street Analysts Forecast Growth
A number of research firms have commented on FRMM. Weiss Ratings restated a “sell (e+)” rating on shares of Forum Markets in a research report on Tuesday, June 30th. Benchmark raised their price objective on shares of Forum Markets from $5.00 to $9.00 and gave the stock a “speculative buy” rating in a report on Friday, May 15th. Loop Capital set a $11.00 target price on shares of Forum Markets in a research note on Monday, May 11th. Wall Street Zen cut shares of Forum Markets from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Finally, Zacks Research raised Forum Markets to a “hold” rating in a report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Forum Markets has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.
Read Our Latest Analysis on FRMM
About Forum Markets
Forum Markets Inc is a digital asset platform modernizing capital markets through the tokenization of institutional-grade real-world assets on Ethereum. The company structures cash-generating assets on blockchain-based infrastructure to facilitate liquidity, investor access, and primary and secondary market activity. It combines traditional asset management practices with digital market infrastructure to support the origination, distribution, and trading of real-world assets.
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