Forian Inc. (NASDAQ:FORA - Get Free Report) shares fell 1% during trading on Monday . The stock traded as low as $2.05 and last traded at $2.05. 8,885 shares changed hands during trading, a decline of 48% from the average session volume of 16,963 shares. The stock had previously closed at $2.07.
Forian Stock Performance
The business has a 50-day simple moving average of $2.30 and a two-hundred day simple moving average of $2.18. The company has a market capitalization of $65.75 million, a price-to-earnings ratio of -23.56 and a beta of 1.06.
Insider Buying and Selling
In other Forian news, CEO Max C. Wygod bought 12,320 shares of the company's stock in a transaction on Tuesday, February 11th. The shares were bought at an average price of $2.67 per share, for a total transaction of $32,894.40. Following the transaction, the chief executive officer now owns 1,324,500 shares of the company's stock, valued at approximately $3,536,415. This trade represents a 0.94 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 31.30% of the company's stock.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the business. Elser Financial Planning Inc purchased a new position in shares of Forian in the 4th quarter valued at about $1,151,000. Canton Hathaway LLC increased its holdings in Forian by 2.3% in the third quarter. Canton Hathaway LLC now owns 269,650 shares of the company's stock valued at $582,000 after buying an additional 6,125 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Forian by 48.9% during the 4th quarter. Renaissance Technologies LLC now owns 35,301 shares of the company's stock worth $73,000 after acquiring an additional 11,601 shares in the last quarter. Oracle Investment Management Inc. grew its holdings in shares of Forian by 0.7% in the 4th quarter. Oracle Investment Management Inc. now owns 1,366,107 shares of the company's stock worth $2,814,000 after acquiring an additional 10,000 shares during the period. Finally, Virtu Financial LLC purchased a new position in Forian in the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 19.25% of the company's stock.
Forian Company Profile
(
Get Free Report)
Forian Inc provides a suite of data management capabilities, and information and analytics solutions to optimize and measure operational, clinical, and financial performance for customers in the healthcare and related industries. It develops commercial, real world evidence (RWE), and market access solutions and proprietary data-driven insights, as well as offers data management solutions.
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