Fold (NASDAQ:FLD) CEO Sells $10,002.70 in Stock

Fold Holdings, Inc. (NASDAQ:FLD) CEO William Brian Poppic Reeves sold 8,698 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $1.15, for a total value of $10,002.70. Following the sale, the chief executive officer directly owned 5,492,368 shares of the company’s stock, valued at approximately $6,316,223.20. The trade was a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 Thursday, May 21st, William Brian Poppic Reeves sold 7,713 shares of Fold stock. The stock was sold at an average price of $1.22, for a total value of $9,409.86.
• 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 18th, William Brian Poppic Reeves sold 9,681 shares of Fold stock. The stock was sold at an average price of $1.24, for a total transaction of $12,004.44.
• 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

Shares of FLD traded down $0.09 during mid-day trading on Tuesday, hitting $1.03. 206,320 shares of the company’s stock were exchanged, compared to its average volume of 122,399. The company has a market cap of $52.05 million, a PE ratio of -0.96 and a beta of 0.39. Fold Holdings, Inc. has a 52 week low of $1.00 and a 52 week high of $5.54. The company has a 50-day simple moving average of $1.32 and a 200 day simple moving average of $1.98.

Fold (NASDAQ:FLD) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.59) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.43). The business had revenue of $5.59 million for the quarter, compared to the consensus estimate of $10.00 million. Fold had a negative return on equity of 90.99% and a negative net margin of 164.63%. On average, analysts anticipate that Fold Holdings, Inc. will post -0.64 earnings per share for the current year.

Institutional Investors Weigh In On Fold

Several large investors have recently made changes to their positions in FLD. Geode Capital Management LLC acquired a new stake in shares of Fold in the 2nd quarter valued at approximately $749,000. Baird Financial Group Inc. acquired a new stake in Fold during the 2nd quarter valued at $445,000. Osaic Holdings Inc. acquired a new stake in Fold during the 2nd quarter valued at $121,000. Valeo Financial Advisors LLC acquired a new stake in Fold during the 3rd quarter valued at $47,000. Finally, Vanguard Group Inc. lifted its holdings in Fold by 650.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,775,506 shares of the company’s stock valued at $6,853,000 after purchasing an additional 1,538,920 shares during the last quarter. Institutional investors and hedge funds own 56.89% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FLD shares. Wall Street Zen raised shares of Fold from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 18th. Northland Securities set a $3.50 price objective on Fold in a report on Wednesday, May 13th. HC Wainwright cut their price objective on Fold from $7.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Finally, Cantor Fitzgerald cut 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. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Fold currently has a consensus 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.