Insider Selling: Fold (NASDAQ:FLD) CFO Sells 21,857 Shares of Stock

Fold Holdings, Inc. (NASDAQ:FLD) CFO Wolfe Repass sold 21,857 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $1.48, for a total transaction of $32,348.36. Following the transaction, the chief financial officer owned 150,377 shares in the company, valued at approximately $222,557.96. The trade was a 12.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Fold Stock Down 0.7%

Shares of NASDAQ FLD traded down $0.01 during mid-day trading on Friday, reaching $1.49. 157,223 shares of the company’s stock traded hands, compared to its average volume of 154,816. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.47 and a quick ratio of 1.44. The business has a 50-day simple moving average of $2.21 and a 200 day simple moving average of $3.08. The stock has a market cap of $71.98 million, a P/E ratio of -1.99 and a beta of 0.18. Fold Holdings, Inc. has a 1-year low of $1.40 and a 1-year high of $8.70.

Wall Street Analyst Weigh In

FLD has been the subject of several analyst reports. Wall Street Zen raised Fold from a “sell” rating to a “hold” rating in a research note on Sunday, November 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Fold in a report on Thursday, January 22nd. Finally, HC Wainwright restated a “buy” rating and set a $7.00 price objective on shares of Fold in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.83.

Hedge Funds Weigh In On Fold

Hedge funds and other institutional investors have recently modified their holdings of the business. Golden State Wealth Management LLC bought a new position in Fold during the second quarter valued at $25,000. North Capital Inc. purchased a new stake in Fold in the 2nd quarter worth about $30,000. FNY Investment Advisers LLC bought a new stake in Fold in the 2nd quarter valued at about $29,000. SevenBridge Financial Group LLC bought a new stake in Fold in the 3rd quarter valued at about $39,000. Finally, Aptus Capital Advisors LLC purchased a new stake in Fold during the third quarter valued at about $39,000. Hedge funds and other institutional investors own 56.89% of the company’s stock.

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.