Fold (NASDAQ:FLD) CFO Wolfe Repass Sells 13,796 Shares

Fold Holdings, Inc. (NASDAQ:FLD) CFO Wolfe Repass sold 13,796 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $1.47, for a total value of $20,280.12. Following the completion of the sale, the chief financial officer directly owned 185,081 shares of the company’s stock, valued at approximately $272,069.07. This trade represents a 6.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Wednesday, February 25th, Wolfe Repass sold 5,245 shares of Fold stock. The stock was sold at an average price of $1.52, for a total value of $7,972.40.
• 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 value of $6,226.71.
• On Friday, February 20th, Wolfe Repass sold 12,406 shares of Fold stock. The stock was sold at an average price of $1.55, for a total transaction of $19,229.30.
• 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 Trading Up 0.7%

Shares of FLD stock traded up $0.01 during mid-day trading on Friday, reaching $1.49. The stock had a trading volume of 4,902 shares, compared to its average volume of 138,236. The firm has a market capitalization of $71.98 million, a PE ratio of -1.99 and a beta of 0.18. The stock’s 50-day moving average price is $2.09 and its two-hundred day moving average price is $3.01. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.87. Fold Holdings, Inc. has a 52-week low of $1.40 and a 52-week high of $8.53.

Hedge Funds Weigh In On Fold

A number of institutional investors have recently added to or reduced their stakes in the company. DLD Asset Management LP purchased a new stake in shares of Fold in the 2nd quarter worth about $102,000. Mariner LLC boosted its stake in Fold by 60.9% during the fourth quarter. Mariner LLC now owns 63,518 shares of the company’s stock worth $166,000 after acquiring an additional 24,038 shares in the last quarter. Barclays PLC purchased a new stake in Fold in the fourth quarter worth about $26,000. Charles Schwab Investment Management Inc. bought a new position in shares of Fold during the fourth quarter valued at approximately $41,000. Finally, State Street Corp lifted its holdings in shares of Fold by 110.8% during the fourth 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 last quarter. Institutional investors own 56.89% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FLD. Weiss Ratings reiterated a “sell (d)” rating on shares of Fold in a research report on Thursday, January 22nd. HC Wainwright reiterated a “buy” rating and issued a $7.00 price target on shares of Fold in a report on Monday, February 9th. Finally, Wall Street Zen raised shares of Fold from a “sell” rating to a “hold” rating in a research 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 given a Sell rating to the company’s stock. According to MarketBeat.com, Fold has an average rating of “Moderate Buy” and a consensus price target of $7.83.

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.