Fold (NASDAQ:FLD) CEO Sells $13,030.82 in Stock

Fold Holdings, Inc. (NASDAQ:FLD) CEO William Brian Poppic Reeves sold 10,681 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $1.22, for a total transaction of $13,030.82. Following the transaction, the chief executive officer owned 5,508,779 shares in the company, valued at $6,720,710.38. This trade represents a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 shares were 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 stock was sold at an average price of $1.42, for a total transaction of $7,804.32.

Fold Stock Performance

Shares of Fold stock traded up $0.08 during trading hours on Wednesday, reaching $1.27. The company’s stock had a trading volume of 61,110 shares, compared to its average volume of 119,272. The company’s 50 day simple moving average is $1.33 and its 200 day simple moving average is $2.04. Fold Holdings, Inc. has a one year low of $1.00 and a one year high of $5.54. The stock has a market cap of $63.78 million, a P/E ratio of -1.19 and a beta of 0.39.

Fold (NASDAQ:FLD) last posted its quarterly 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 return on equity of 90.99% and a negative net margin of 164.63%.The business had revenue of $5.59 million during the quarter, compared to the consensus estimate of $10.00 million. On average, sell-side analysts predict that Fold Holdings, Inc. will post -0.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on FLD. Wall Street Zen upgraded Fold from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 18th. Cantor Fitzgerald decreased their target price 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 target price on Fold in a research note on Wednesday, May 13th. HC Wainwright decreased their target price on Fold from $7.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Fold in a research note on Thursday, January 22nd. One equities research 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 stock. Based on data from MarketBeat.com, Fold currently has an average rating of “Moderate Buy” and an average price target of $2.73.

Institutional Trading of Fold

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Fold by 650.5% in 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 lifted its position in Fold by 35.7% in the 4th quarter. Geode Capital Management LLC now owns 253,494 shares of the company’s stock valued at $662,000 after purchasing an additional 66,690 shares during the last quarter. Baird Financial Group Inc. bought a new stake in Fold in the 2nd quarter valued at about $445,000. Vontobel Holding Ltd. lifted its position in Fold by 12.6% in the 4th quarter. Vontobel Holding Ltd. now owns 90,223 shares of the company’s stock valued at $235,000 after purchasing an additional 10,118 shares during the last quarter. Finally, Union Square Park Capital Management LLC lifted its position in Fold by 50.7% in the 3rd quarter. Union Square Park Capital Management LLC now owns 89,130 shares of the company’s stock valued at $344,000 after purchasing an additional 29,974 shares during the last quarter. 56.89% of the stock is currently owned by institutional investors.

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.