Konstantin Lomashuk Sells 250,000 Shares of Forum Markets (NASDAQ:FRMM) Stock

Forum Markets, Inc (NASDAQ:FRMM) major shareholder Konstantin Lomashuk sold 250,000 shares of Forum Markets stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $6.00, for a total transaction of $1,500,000.00. Following the completion of the sale, the insider owned 1,226,638 shares of the company’s stock, valued at approximately $7,359,828. This trade represents a 16.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Konstantin Lomashuk also recently made the following trade(s):

• On Thursday, July 9th, Konstantin Lomashuk sold 3,387 shares of Forum Markets stock. The shares were sold at an average price of $6.15, for a total transaction of $20,830.05.
• On Wednesday, July 8th, Konstantin Lomashuk sold 1,100 shares of Forum Markets stock. The stock was sold at an average price of $6.13, for a total transaction of $6,743.00.
• On Tuesday, July 7th, Konstantin Lomashuk sold 3,702 shares of Forum Markets stock. The stock was sold at an average price of $6.41, for a total transaction of $23,729.82.

Forum Markets Stock Performance

FRMM opened at $5.29 on Thursday. The company has a market cap of $70.84 million, a P/E ratio of -0.15 and a beta of 1.37. The business has a 50-day moving average of $5.38. The company has a debt-to-equity ratio of 0.15, a current ratio of 6.19 and a quick ratio of 6.19. Forum Markets, Inc has a 1-year low of $1.76 and a 1-year high of $174.60.

Forum Markets (NASDAQ:FRMM) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($3.64) earnings per share (EPS) for the quarter. The business had revenue of $2.86 million during the quarter. As a group, sell-side analysts expect that Forum Markets, Inc will post -5.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FRMM shares. Loop Capital set a $11.00 price target on Forum Markets in a research report on Monday, May 11th. Wall Street Zen downgraded shares of Forum Markets from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Clear Str upgraded shares of Forum Markets to a “strong-buy” rating in a research note on Monday, May 11th. Benchmark increased their target price on shares of Forum Markets from $5.00 to $9.00 and gave the stock a “speculative buy” rating in a report on Friday, May 15th. Finally, Weiss Ratings upgraded shares of Forum Markets from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.

Forum Markets Company Profile

Forum Markets Inc is a digital asset platform modernizing capital markets through the tokenization of institutional-grade real-world assets on Ethereum. The company structures cash-generating assets on blockchain-based infrastructure to facilitate liquidity, investor access, and primary and secondary market activity. It combines traditional asset management practices with digital market infrastructure to support the origination, distribution, and trading of real-world assets.