Jonathan Kirkwood Buys 105,000 Shares of Fold (NASDAQ:FLD) Stock

Fold Holdings, Inc. (NASDAQ:FLD) Director Jonathan Kirkwood acquired 105,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average cost of $0.61 per share, with a total value of $64,050.00. Following the completion of the acquisition, the director directly owned 457,295 shares in the company, valued at approximately $278,949.95. This represents a 29.80% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Fold Price Performance

FLD stock traded up $0.07 on Monday, reaching $0.66. The company’s stock had a trading volume of 1,310,031 shares, compared to its average volume of 6,468,954. Fold Holdings, Inc. has a 52 week low of $0.56 and a 52 week high of $4.88. The company has a market capitalization of $33.31 million, a P/E ratio of -0.61 and a beta of 0.27. The firm has a fifty day moving average of $1.17 and a two-hundred day moving average of $1.75.

Fold (NASDAQ:FLD) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $10.00 million. As a group, equities analysts expect that Fold Holdings, Inc. will post -0.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FLD has been the subject of a number of recent analyst reports. Cantor Fitzgerald decreased their price objective on Fold from $2.00 to $1.70 and set an “overweight” rating for the company in a report on Wednesday, May 13th. Northland Securities set a $3.50 price objective on Fold in a report on Wednesday, May 13th. HC Wainwright decreased their price target 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, Wall Street Zen raised Fold from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 18th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $2.73.

Trending Headlines about Fold

Here are the key news stories impacting Fold this week:

• Positive Sentiment: Director Jonathan Kirkwood bought 105,000 shares of Fold Holdings at $0.61 each, increasing his stake by nearly 30%. Insider buying can signal confidence in the company’s outlook and often supports the stock. SEC filing
• Neutral Sentiment: News flow across the smartphone industry has highlighted growing excitement around foldable devices, including reports on Apple’s rumored iPhone Fold, Samsung’s upcoming Galaxy Z Fold lineup, Google’s Pixel 11 Pro Fold leaks, and Vivo’s new foldable model. This may improve overall awareness of the foldable-phone market, though it is not direct company-specific news.
• Neutral Sentiment: Several articles suggested foldable phones are becoming more relevant, which could be viewed as supportive of the category but does not on its own change Fold Holdings’ fundamentals.

Institutional Investors Weigh In On Fold

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Fold by 650.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,775,506 shares of the company’s stock worth $6,853,000 after acquiring an additional 1,538,920 shares in the last quarter. Geode Capital Management LLC boosted 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 worth $662,000 after acquiring an additional 66,690 shares in the last quarter. Baird Financial Group Inc. bought a new stake in shares of Fold during the 2nd quarter worth $445,000. Vontobel Holding Ltd. boosted its stake in shares of Fold by 12.6% during the 4th quarter. Vontobel Holding Ltd. now owns 90,223 shares of the company’s stock worth $235,000 after acquiring an additional 10,118 shares in the last quarter. Finally, Union Square Park Capital Management LLC boosted its stake in shares of Fold by 50.7% during the 3rd quarter. Union Square Park Capital Management LLC now owns 89,130 shares of the company’s stock worth $344,000 after acquiring an additional 29,974 shares in the last quarter. 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.