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 Fold stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $1.22, for a total value of $13,030.82. Following the sale, the chief executive officer directly owned 5,508,779 shares of the company’s stock, valued at approximately $6,720,710.38. This represents a 0.19% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $1.42, for a total value of $7,804.32.

Fold Stock Performance

Shares of FLD opened at $1.11 on Friday. The stock has a 50-day moving average of $1.32 and a two-hundred day moving average of $2.02. 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 $55.74 million, a P/E ratio of -1.04 and a beta of 0.39.

Fold (NASDAQ:FLD) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.59) 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 firm had revenue of $5.59 million for the quarter, compared to analyst estimates of $10.00 million. Analysts predict that Fold Holdings, Inc. will post -0.64 EPS for the current fiscal year.

Key Headlines Impacting Fold

Here are the key news stories impacting Fold this week:

• Negative Sentiment: Recent insider transactions showed CEO William Brian Poppic Reeves and CFO Wolfe Repass selling shares, and although the company said the sales were tied to tax withholding on vested equity awards, insider selling can still hurt sentiment in a small-cap stock like Fold. SEC insider sale filing
• Negative Sentiment: Fold’s last earnings report was weak, with a wider-than-expected loss and revenue below estimates, reinforcing concerns about profitability and execution. Fold stock and earnings overview
• Positive Sentiment: Shareholders approved director and auditor appointments at the annual meeting, which suggests governance continuity and reduces some near-term uncertainty. Fold Holdings Shareholders Back Directors and Auditor Appointment
• Positive Sentiment: There was also a reported insider purchase by a director, which can be viewed as a confidence signal from management and may help offset some of the selling-related concern. Insider Buying: Fold (NASDAQ:FLD) Director Acquires 8,500 Shares of Stock

Hedge Funds Weigh In On Fold

Several institutional investors and hedge funds have recently modified their holdings of FLD. Barclays PLC acquired a new position in shares of Fold in the 4th quarter valued at about $26,000. Goldman Sachs Group Inc. acquired a new position in shares of Fold in the 4th quarter valued at about $28,000. Abel Hall LLC acquired a new position in shares of Fold in the 1st quarter valued at about $31,000. SevenBridge Financial Group LLC acquired a new position in shares of Fold in the 3rd quarter valued at about $39,000. Finally, Aptus Capital Advisors LLC purchased a new position in shares of Fold in the 3rd quarter valued at about $39,000. Institutional investors and hedge funds own 56.89% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Northland Securities set a $3.50 price objective on Fold in a report on Wednesday, May 13th. HC Wainwright decreased 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. Wall Street Zen raised Fold from a “strong sell” rating to a “sell” rating in a report on Saturday, April 18th. Finally, Cantor Fitzgerald decreased their price objective on Fold from $2.00 to $1.70 and set an “overweight” rating for the company in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Fold presently has a consensus rating of “Moderate Buy” and a consensus price target of $2.73.

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.