William Brian Poppic Reeves Sells 10,681 Shares of Fold (NASDAQ:FLD) Stock

by · The Cerbat Gem

Fold Holdings, Inc. (NASDAQ:FLD – Get Free Report) CEO William Brian Poppic Reeves sold 10,681 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $1.22, for a total value of $13,030.82. Following the sale, the chief executive officer owned 5,508,779 shares of the company’s stock, valued at $6,720,710.38. The trade was a 0.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 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 shares were 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 shares were 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 shares were sold at an average price of $1.42, for a total transaction of $7,804.32.

Fold Stock Performance

Shares of NASDAQ:FLD traded up $0.08 during midday trading on Wednesday, hitting $1.27. 61,110 shares of the company’s stock traded hands, compared to its average volume of 119,272. The company has a market cap of $63.78 million, a PE ratio of -1.19 and a beta of 0.39. The firm’s fifty day moving average price is $1.33 and its two-hundred day moving average price is $2.04. Fold Holdings, Inc. has a twelve month low of $1.00 and a twelve month high of $5.54.

Fold (NASDAQ:FLD – Get Free Report) last posted its 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 analyst estimates of $10.00 million. Fold had a negative net margin of 164.63% and a negative return on equity of 90.99%. As a group, equities research analysts anticipate that Fold Holdings, Inc. will post -0.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake 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 acquiring an additional 1,538,920 shares during the last quarter. Geode Capital Management LLC bought a new position in Fold during the 2nd quarter valued at $749,000. Baird Financial Group Inc. bought a new position in Fold during the 2nd quarter valued at $445,000. Evernest Financial Advisors LLC bought a new position in Fold during the 3rd quarter valued at $165,000. Finally, State Street Corp boosted its stake in Fold by 110.8% during the 4th quarter. State Street Corp now owns 78,200 shares of the company’s stock valued at $204,000 after acquiring an additional 41,100 shares during the last quarter. 56.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FLD shares. Northland Securities set a $3.50 target price on shares of Fold in a report on Wednesday, May 13th. HC Wainwright decreased their target price on shares of Fold from $7.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Cantor Fitzgerald decreased their target price on shares of Fold from $2.00 to $1.70 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. Weiss Ratings restated a “sell (d)” rating on shares of Fold in a research note on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of Fold from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 18th. One investment 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $2.73.

Get Our Latest Report on FLD

Fold Company Profile

(Get Free Report)

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.

Further Reading