Insider Selling: Forum Markets (NASDAQ:FRMM) Major Shareholder Sells $20,830.05 in Stock

Forum Markets, Inc (NASDAQ:FRMM) major shareholder Konstantin Lomashuk sold 3,387 shares of the company’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $6.15, for a total transaction of $20,830.05. Following the completion of the sale, the insider directly owned 1,479,200 shares in the company, valued at $9,097,080. This represents a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Konstantin Lomashuk also recently made the following trade(s):

• On Wednesday, July 8th, Konstantin Lomashuk sold 1,100 shares of Forum Markets stock. The stock was sold at an average price of $6.13, for a total transaction of $6,743.00.
• On Tuesday, July 7th, Konstantin Lomashuk sold 3,702 shares of Forum Markets stock. The shares were sold at an average price of $6.41, for a total transaction of $23,729.82.

Forum Markets Price Performance

NASDAQ:FRMM opened at $5.84 on Friday. Forum Markets, Inc has a one year low of $1.76 and a one year high of $174.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 6.19 and a quick ratio of 6.19. The business’s 50-day simple moving average is $5.13. The company has a market capitalization of $78.20 million, a price-to-earnings ratio of -0.16 and a beta of 1.37.

Forum Markets (NASDAQ:FRMM) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($3.64) earnings per share for the quarter. The business had revenue of $2.86 million for the quarter. On average, equities research analysts expect that Forum Markets, Inc will post -5.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Benchmark raised their price objective on Forum Markets from $5.00 to $9.00 and gave the company a “speculative buy” rating in a research report on Friday, May 15th. Zacks Research raised Forum Markets to a “hold” rating in a report on Friday, May 29th. Weiss Ratings reissued a “sell (e+)” rating on shares of Forum Markets in a research note on Tuesday, June 30th. Wall Street Zen downgraded Forum Markets from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Finally, Loop Capital set a $11.00 price target on Forum Markets in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.00.

About Forum Markets

Forum Markets Inc is a digital asset platform modernizing capital markets through the tokenization of institutional-grade real-world assets on Ethereum. The company structures cash-generating assets on blockchain-based infrastructure to facilitate liquidity, investor access, and primary and secondary market activity. It combines traditional asset management practices with digital market infrastructure to support the origination, distribution, and trading of real-world assets.