William Brian Poppic Reeves Sells 9,681 Shares of Fold (NASDAQ:FLD) Stock

Fold Holdings, Inc. (NASDAQ:FLD) CEO William Brian Poppic Reeves sold 9,681 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $1.24, for a total value of $12,004.44. Following the completion of the sale, the chief executive officer directly owned 5,519,460 shares of the company’s stock, valued at approximately $6,844,130.40. This trade represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $1.22, for a total value of $13,030.82.
• On Monday, May 4th, William Brian Poppic Reeves sold 5,537 shares of Fold stock. The shares were sold at an average price of $1.42, for a total value of $7,862.54.
• On Thursday, April 2nd, William Brian Poppic Reeves sold 5,710 shares of Fold stock. The shares were sold at an average price of $1.22, for a total value of $6,966.20.
• On Monday, March 2nd, William Brian Poppic Reeves sold 5,496 shares of Fold stock. The shares were sold at an average price of $1.42, for a total value of $7,804.32.

Fold Stock Performance

NASDAQ FLD traded up $0.08 during trading hours on Wednesday, reaching $1.27. 61,110 shares of the company’s stock were exchanged, compared to its average volume of 119,272. The company’s 50-day moving average is $1.33 and its two-hundred day moving average is $2.04. Fold Holdings, Inc. has a one year low of $1.00 and a one year high of $5.54. The company has a market capitalization of $63.78 million, a price-to-earnings ratio of -1.19 and a beta of 0.39.

Fold (NASDAQ:FLD) last posted its earnings results on Tuesday, May 12th. The company reported ($0.59) earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $10.00 million. Research analysts predict that Fold Holdings, Inc. will post -0.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Fold

Hedge funds have recently made changes to their positions in the business. Barclays PLC bought a new position in shares of Fold during the 4th quarter worth approximately $26,000. Goldman Sachs Group Inc. bought a new position in shares of Fold during the 4th quarter worth approximately $28,000. Abel Hall LLC bought a new position in shares of Fold during the 1st quarter worth approximately $31,000. SevenBridge Financial Group LLC bought a new position in shares of Fold during the 3rd quarter worth approximately $39,000. Finally, Aptus Capital Advisors LLC bought a new position in shares of Fold during the 3rd quarter worth approximately $39,000. 56.89% of the stock is owned by institutional investors.

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.