Fold (NASDAQ:FLD) Director Jonathan Kirkwood Purchases 105,000 Shares of Stock

Fold Holdings, Inc. (NASDAQ:FLD) Director Jonathan Kirkwood purchased 105,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average price of $0.61 per share, with a total value of $64,050.00. Following the completion of the purchase, the director owned 457,295 shares in the company, valued at $278,949.95. This represents a 29.80% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Fold Price Performance

NASDAQ:FLD opened at $0.66 on Tuesday. Fold Holdings, Inc. has a one year low of $0.56 and a one year high of $4.88. The company’s 50-day simple moving average is $1.17 and its 200 day simple moving average is $1.75. The firm has a market capitalization of $33.31 million, a P/E ratio of -0.61 and a beta of 0.27.

Fold (NASDAQ:FLD) last announced its quarterly earnings data 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 company had revenue of $5.59 million for the quarter, compared to analysts’ expectations of $10.00 million. On average, equities research analysts expect that Fold Holdings, Inc. will post -0.64 earnings per share for the current fiscal year.

Key Stories Impacting Fold

Here are the key news stories impacting Fold this week:

• Positive Sentiment: Director Jonathan Kirkwood bought 105,000 shares of Fold Holdings at $0.61 each, increasing his stake by nearly 30%. Insider buying can signal confidence in the company’s outlook and often supports the stock. SEC filing
• Neutral Sentiment: News flow across the smartphone industry has highlighted growing excitement around foldable devices, including reports on Apple’s rumored iPhone Fold, Samsung’s upcoming Galaxy Z Fold lineup, Google’s Pixel 11 Pro Fold leaks, and Vivo’s new foldable model. This may improve overall awareness of the foldable-phone market, though it is not direct company-specific news.
• Neutral Sentiment: Several articles suggested foldable phones are becoming more relevant, which could be viewed as supportive of the category but does not on its own change Fold Holdings’ fundamentals.

Institutional Investors Weigh In On Fold

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of 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. Geode Capital Management LLC grew its position in Fold by 35.7% during the fourth quarter. Geode Capital Management LLC now owns 253,494 shares of the company’s stock valued at $662,000 after buying an additional 66,690 shares during the period. Baird Financial Group Inc. purchased a new stake in Fold during the second quarter valued at approximately $445,000. Vontobel Holding Ltd. increased its holdings in Fold by 12.6% during the fourth quarter. Vontobel Holding Ltd. now owns 90,223 shares of the company’s stock valued at $235,000 after buying an additional 10,118 shares during the last quarter. Finally, Union Square Park Capital Management LLC raised its position in Fold by 50.7% in the third quarter. Union Square Park Capital Management LLC now owns 89,130 shares of the company’s stock worth $344,000 after acquiring an additional 29,974 shares during the period. 56.89% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Cantor Fitzgerald dropped their price target on shares of Fold from $2.00 to $1.70 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. Northland Securities set a $3.50 target price on shares of Fold in a report on Wednesday, May 13th. HC Wainwright dropped their target price on shares of Fold from $7.00 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. Finally, Wall Street Zen upgraded shares of Fold from a “strong sell” rating to a “sell” rating in a report on Saturday, April 18th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Fold presently has a consensus rating of “Hold” and an average target price 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.