Wolfe Repass Sells 12,406 Shares of Fold (NASDAQ:FLD) Stock

Fold Holdings, Inc. (NASDAQ:FLD) CFO Wolfe Repass sold 12,406 shares of Fold stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $1.55, for a total value of $19,229.30. Following the completion of the transaction, the chief financial officer directly owned 163,923 shares of the company’s stock, valued at approximately $254,080.65. This represents a 7.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Wolfe Repass also recently made the following trade(s):

• On Monday, February 23rd, Wolfe Repass sold 4,179 shares of Fold stock. The shares were sold at an average price of $1.49, for a total transaction of $6,226.71.
• On Thursday, February 19th, Wolfe Repass sold 21,857 shares of Fold stock. The shares were sold at an average price of $1.48, for a total transaction of $32,348.36.

Fold Stock Up 2.7%

Shares of Fold stock opened at $1.51 on Thursday. The company has a 50-day simple moving average of $2.12 and a two-hundred day simple moving average of $3.02. The stock has a market capitalization of $72.95 million, a PE ratio of -2.01 and a beta of 0.18. Fold Holdings, Inc. has a 52-week low of $1.40 and a 52-week high of $8.53. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.44 and a current ratio of 1.47.

Analyst Ratings Changes

Several analysts have commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Fold in a research note on Thursday, January 22nd. HC Wainwright reaffirmed a “buy” rating and set a $7.00 price objective on shares of Fold in a research report on Monday, February 9th. Finally, Wall Street Zen upgraded Fold from a “sell” rating to a “hold” rating in a report on Sunday, November 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Fold presently has an average rating of “Moderate Buy” and a consensus price target of $7.83.

Hedge Funds Weigh In On Fold

Several hedge funds and other institutional investors have recently modified their holdings of FLD. Vanguard Group Inc. boosted its stake 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 buying an additional 1,538,920 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Fold by 35.7% during the 4th quarter. Geode Capital Management LLC now owns 253,494 shares of the company’s stock valued at $662,000 after purchasing an additional 66,690 shares during the period. Baird Financial Group Inc. purchased a new stake in shares of Fold during the 2nd quarter valued at about $445,000. Vontobel Holding Ltd. lifted its stake in shares of Fold by 12.6% in the 4th quarter. Vontobel Holding Ltd. now owns 90,223 shares of the company’s stock worth $235,000 after purchasing an additional 10,118 shares during the period. Finally, Union Square Park Capital Management LLC lifted its stake in shares of Fold by 50.7% in the 3rd quarter. Union Square Park Capital Management LLC now owns 89,130 shares of the company’s stock worth $344,000 after purchasing an additional 29,974 shares during the period. 56.89% of the stock is owned by 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.