Forian (NASDAQ:FORA) Announces Earnings Results

Forian (NASDAQ:FORA) issued its quarterly earnings results on Thursday. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.13), FiscalAI reports. The business had revenue of $6.85 million during the quarter, compared to analyst estimates of $7.62 million.

Forian Stock Up 0.5%

FORA stock traded up $0.01 during trading on Friday, reaching $2.17. The company’s stock had a trading volume of 87,900 shares, compared to its average volume of 27,236. Forian has a 1 year low of $1.64 and a 1 year high of $2.71. The company has a market capitalization of $67.79 million, a P/E ratio of -24.11 and a beta of 0.93. The company’s fifty day moving average is $2.11 and its 200-day moving average is $2.13.

Institutional Investors Weigh In On Forian

Several large investors have recently made changes to their positions in the company. XTX Topco Ltd bought a new stake in shares of Forian in the fourth quarter worth about $37,000. Citadel Advisors LLC increased its holdings in shares of Forian by 178.2% in the third quarter. Citadel Advisors LLC now owns 38,369 shares of the company’s stock worth $86,000 after purchasing an additional 24,578 shares during the last quarter. Finally, OpenArc Corporate Advisory LLC bought a new stake in shares of Forian in the fourth quarter worth about $173,000. 19.25% of the stock is owned by institutional investors.

About Forian

Forian (NASDAQ: FORA) is a global regulatory technology company offering cloud-native software solutions for enterprise risk management and financial crime compliance. The company’s platform enables financial institutions to automate and streamline regulatory reporting, transaction surveillance, market risk measurement and client onboarding processes. By consolidating data across multiple asset classes and jurisdictions, Forian helps organizations maintain compliance with evolving regulatory frameworks such as MiFID II, EMIR, Dodd-Frank, FATCA and local AML/KYC requirements.

Founded in 2013 as RegTek Solutions, the business rebranded to Forian in 2023 following a period of strategic expansion into complementary risk and compliance offerings.