Insider Selling: Fold (NASDAQ:FLD) CEO Sells 9,681 Shares of Stock

Fold Holdings, Inc. (NASDAQ:FLD) CEO William Brian Poppic Reeves sold 9,681 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $1.24, for a total transaction of $12,004.44. Following the transaction, the chief executive officer directly owned 5,519,460 shares in the company, valued at $6,844,130.40. This trade represents a 0.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

William Brian Poppic Reeves also recently made the following trade(s):

• On Tuesday, May 19th, William Brian Poppic Reeves sold 10,681 shares of Fold stock. The stock was sold at an average price of $1.22, for a total transaction of $13,030.82.
• On Monday, May 4th, William Brian Poppic Reeves sold 5,537 shares of Fold stock. The stock was sold at an average price of $1.42, for a total transaction of $7,862.54.
• On Thursday, April 2nd, William Brian Poppic Reeves sold 5,710 shares of Fold stock. The stock was sold at an average price of $1.22, for a total transaction of $6,966.20.
• On Monday, March 2nd, William Brian Poppic Reeves sold 5,496 shares of Fold stock. The stock was sold at an average price of $1.42, for a total transaction of $7,804.32.

Fold Price Performance

FLD stock traded up $0.08 on Wednesday, reaching $1.27. 61,110 shares of the company were exchanged, compared to its average volume of 119,272. Fold Holdings, Inc. has a 12 month low of $1.00 and a 12 month high of $5.54. The stock’s fifty day moving average price is $1.33 and its 200 day moving average price is $2.04. The firm has a market capitalization of $63.78 million, a PE ratio of -1.19 and a beta of 0.39.

Fold (NASDAQ:FLD) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.43). The business had revenue of $5.59 million during the quarter, compared to the consensus estimate of $10.00 million. Fold had a negative net margin of 164.63% and a negative return on equity of 90.99%. As a group, research analysts expect that Fold Holdings, Inc. will post -0.77 EPS for the current fiscal year.

Institutional Investors Weigh In On Fold

Several institutional investors and hedge funds have recently made changes to their positions in the company. Abel Hall LLC acquired a new position in Fold during the 1st quarter worth about $31,000. Mariner LLC lifted its position in Fold by 60.9% during the 4th quarter. Mariner LLC now owns 63,518 shares of the company’s stock valued at $166,000 after purchasing an additional 24,038 shares during the period. Barclays PLC acquired a new position in Fold during the 4th quarter valued at about $26,000. Charles Schwab Investment Management Inc. acquired a new position in Fold during the 4th quarter valued at about $41,000. Finally, State Street Corp lifted its position in Fold by 110.8% during the 4th quarter. State Street Corp now owns 78,200 shares of the company’s stock valued at $204,000 after purchasing an additional 41,100 shares during the period. Institutional investors and hedge funds own 56.89% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on FLD. Weiss Ratings reissued a “sell (d)” rating on shares of Fold in a report on Thursday, January 22nd. Cantor Fitzgerald lowered their price target on shares of Fold from $2.00 to $1.70 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. HC Wainwright lowered their price target on shares of Fold from $7.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Northland Securities set a $3.50 price target on shares of Fold in a report on Wednesday, May 13th. Finally, Wall Street Zen raised shares of Fold from a “strong sell” rating to a “sell” rating in a report on Saturday, April 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $2.73.

About Fold

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.