William Brian Poppic Reeves Sells 8,698 Shares of Fold (NASDAQ:FLD) Stock

Fold Holdings, Inc. (NASDAQ:FLD) CEO William Brian Poppic Reeves sold 8,698 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1.15, for a total transaction of $10,002.70. Following the transaction, the chief executive officer owned 5,492,368 shares in the company, valued at approximately $6,316,223.20. This trade represents a 0.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction 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 shares were sold at an average price of $1.42, for a total transaction of $7,804.32.

Fold Stock Performance

Fold stock traded down $0.09 during trading hours on Tuesday, reaching $1.03. 206,320 shares of the company’s stock traded hands, compared to its average volume of 122,399. Fold Holdings, Inc. has a fifty-two week low of $1.00 and a fifty-two week high of $5.54. The firm has a market capitalization of $52.05 million, a price-to-earnings ratio of -0.96 and a beta of 0.39. The firm’s 50 day moving average is $1.32 and its 200-day moving average is $1.98.

Fold (NASDAQ:FLD) last released its earnings results 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 net margin of 164.63% and a negative return on equity of 90.99%. The business had revenue of $5.59 million for the quarter, compared to analyst estimates of $10.00 million. Analysts predict that Fold Holdings, Inc. will post -0.64 EPS for the current year.

Institutional Trading of Fold

A number of institutional investors and hedge funds have recently modified their holdings of FLD. Vanguard Group Inc. increased 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 worth $6,853,000 after purchasing an additional 1,538,920 shares in the last quarter. Geode Capital Management LLC bought a new stake in Fold during the 2nd quarter worth approximately $749,000. Baird Financial Group Inc. bought a new stake in Fold during the 2nd quarter worth approximately $445,000. Evernest Financial Advisors LLC bought a new stake in Fold during the 3rd quarter worth approximately $165,000. Finally, State Street Corp increased its stake in Fold by 110.8% during the 4th quarter. State Street Corp now owns 78,200 shares of the company’s stock worth $204,000 after purchasing an additional 41,100 shares in the last quarter. 56.89% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. HC Wainwright cut their target price on shares of Fold from $7.00 to $3.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. Cantor Fitzgerald lowered their price target on Fold from $2.00 to $1.70 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. Northland Securities set a $3.50 price target on Fold in a research note on Wednesday, May 13th. Finally, Wall Street Zen raised Fold from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 18th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Fold presently has an average rating of “Moderate Buy” and an average target price of $2.73.

Fold Company Profile

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.