Forian Inc. (NASDAQ:FORA) Director Acquires $24,992.00 in Stock

Forian Inc. (NASDAQ:FORA) Director Martin J. Wygod acquired 3,200 shares of the firm’s stock in a transaction that occurred on Monday, January 10th. The shares were bought at an average cost of $7.81 per share, with a total value of $24,992.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ:FORA opened at $8.49 on Friday. The stock’s 50-day simple moving average is $8.88 and its 200 day simple moving average is $10.22. Forian Inc. has a 52-week low of $7.75 and a 52-week high of $45.00.

Forian (NASDAQ:FORA) last announced its quarterly earnings results on Thursday, November 11th. The company reported ($0.22) earnings per share for the quarter. The business had revenue of $4.96 million during the quarter.

A number of hedge funds and other institutional investors have recently made changes to their positions in FORA. Citigroup Inc. increased its position in Forian by 177.8% during the third quarter. Citigroup Inc. now owns 2,397 shares of the company’s stock worth $25,000 after buying an additional 1,534 shares during the last quarter. Morgan Stanley lifted its stake in Forian by 113.1% during the second quarter. Morgan Stanley now owns 2,135 shares of the company’s stock worth $28,000 after purchasing an additional 1,133 shares during the last quarter. Legal & General Group Plc bought a new stake in Forian during the second quarter worth $34,000. JPMorgan Chase & Co. bought a new position in shares of Forian in the 2nd quarter valued at $88,000. Finally, Rhumbline Advisers bought a new position in shares of Forian in the 2nd quarter valued at $129,000.

Separately, Royal Bank of Canada lifted their target price on Forian from $34.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, November 11th.

About Forian

Helix Technologies, Inc (OTCQB: HLIX) is a provider of critical infrastructure services for the legal cannabis industry, helping owners and operators of licensed cannabis businesses stay competitive and compliant while mitigating risk in an ever-changing and expanding frontier market. Through our Critical Infrastructure Services Platform, Helix Technologies provides a unique suite of technology solutions to legal cannabis operators that facilitate compliant product movements on a global scale, providing confidence to governments, peace of mind to consumers, and access to a global cannabis supply chain.

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