Fold (NASDAQ:FLD) COO Matt Mcmanus Sells 9,924 Shares

Key Points

• COO Matt McManus sold 9,924 shares of Fold on April 22 at $1.50 each to cover tax withholding for vested equity, a $14,886 transaction that reduced his holding by 2.51% to 384,988 shares (≈$577,482).
• Fold stock traded around $1.46 (down $0.06) with volume below average and a market cap of about $72.8M; the shares sit near a one‑year low of $1.00 and have a 50‑day/200‑day moving average of $1.35/$2.36.
• Analyst views are mixed—recent price‑target cuts but a consensus "Moderate Buy" with an average price target of $5.00—while some firms maintain buy ratings and others rate the stock a sell.

Fold Holdings, Inc. (NASDAQ:FLD - Get Free Report) COO Matt Mcmanus sold 9,924 shares of Fold stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $1.50, for a total transaction of $14,886.00. Following the sale, the chief operating officer owned 384,988 shares of the company's stock, valued at approximately $577,482. The trade was a 2.51% decrease in their ownership of the stock. The sale was disclosed in a legal 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.

Fold Price Performance

Fold stock traded down $0.06 during mid-day trading on Thursday, hitting $1.46. 70,721 shares of the company traded hands, compared to its average volume of 94,755. 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 $72.75 million, a price-to-earnings ratio of -0.61 and a beta of 0.27. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.84 and a current ratio of 0.86. The stock has a fifty day moving average price of $1.35 and a 200-day moving average price of $2.36.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FLD. Cantor Fitzgerald cut their price objective on Fold from $4.50 to $2.00 and set an "overweight" rating for the company in a report on Wednesday, March 18th. Weiss Ratings reiterated a "sell (d)" rating on shares of Fold in a report on Thursday, January 22nd. Wall Street Zen upgraded Fold from a "strong sell" rating to a "sell" rating in a report on Saturday, April 18th. Finally, HC Wainwright cut their price objective on Fold from $7.00 to $3.00 and set a "buy" rating for the company in a report on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $5.00.

Institutional Investors Weigh In On Fold

Several institutional investors have recently bought and sold shares of FLD. Geode Capital Management LLC purchased a new stake in Fold during the 2nd quarter valued at about $749,000. Baird Financial Group Inc. purchased a new stake in Fold during the 2nd quarter valued at about $445,000. Osaic Holdings Inc. purchased a new stake in Fold during the 2nd quarter valued at about $121,000. Vontobel Holding Ltd. purchased a new stake in Fold during the 3rd quarter valued at about $309,000. Finally, Valeo Financial Advisors LLC purchased a new stake in Fold during the 3rd quarter valued at about $47,000. 56.89% of the stock is currently owned by hedge funds and other institutional investors.

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.

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