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 Fold stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1.15, for a total value of $10,002.70. Following the completion of the transaction, the chief executive officer owned 5,492,368 shares of the company’s stock, valued at approximately $6,316,223.20. This represents a 0.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 shares were sold at an average price of $1.22, for a total value of $9,409.86.
• On Tuesday, May 19th, William Brian Poppic Reeves sold 10,681 shares of Fold stock. The shares were sold at an average price of $1.22, for a total value of $13,030.82.
• 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 value 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 value 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 value 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 value of $7,804.32.

Fold Stock Down 1.5%

Shares of Fold stock opened at $1.01 on Thursday. Fold Holdings, Inc. has a twelve month low of $0.93 and a twelve month high of $5.30. The business has a 50-day moving average price of $1.31 and a 200 day moving average price of $1.96. The firm has a market cap of $51.29 million, a PE ratio of -0.94 and a beta of 0.39.

Fold (NASDAQ:FLD) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.59) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $10.00 million. On average, sell-side analysts expect that Fold Holdings, Inc. will post -0.64 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FLD. Cantor Fitzgerald cut 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. HC Wainwright lowered their price objective on Fold from $7.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Northland Securities set a $3.50 price objective on Fold in a report on Wednesday, May 13th. Finally, Wall Street Zen upgraded Fold from a “strong sell” rating to a “sell” rating in a report on Saturday, April 18th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $2.73.

Institutional Trading of Fold

Institutional investors have recently made changes to their positions in the company. Aptus Capital Advisors LLC purchased a new stake in shares of Fold during the 3rd quarter valued at approximately $39,000. SevenBridge Financial Group LLC purchased a new stake in shares of Fold during the 3rd quarter valued at approximately $39,000. Barclays PLC purchased a new stake in shares of Fold during the 4th quarter valued at approximately $26,000. Goldman Sachs Group Inc. purchased a new stake in shares of Fold during the 4th quarter valued at approximately $28,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Fold during the 3rd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 56.89% of the company’s stock.

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.