Forian (NASDAQ:FORA) Shares Down 1% – Here’s What Happened

Forian Inc. (NASDAQ:FORA)’s stock price was down 1% during trading on Monday . The company traded as low as $2.05 and last traded at $2.05. Approximately 8,885 shares were traded during trading, a decline of 48% from the average daily volume of 16,963 shares. The stock had previously closed at $2.07.

Forian Price Performance

The business has a 50 day simple moving average of $2.29 and a 200 day simple moving average of $2.18. The company has a market capitalization of $64.51 million, a price-to-earnings ratio of -23.11 and a beta of 1.06.

Insiders Place Their Bets

In other news, CEO Max C. Wygod purchased 12,320 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were bought at an average cost of $2.67 per share, for a total transaction of $32,894.40. Following the completion of the purchase, the chief executive officer now directly 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 31.30% of the stock is owned by insiders.

Institutional Trading of Forian

Several hedge funds have recently modified their holdings of FORA. Canton Hathaway LLC raised its stake in shares of 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 acquiring an additional 6,125 shares in the last quarter. Elser Financial Planning Inc acquired a new stake in shares of Forian in the fourth quarter valued at $1,151,000. Virtu Financial LLC acquired a new stake in shares of Forian in the fourth quarter valued at $30,000. Renaissance Technologies LLC raised its stake in shares of Forian by 48.9% in the fourth quarter. Renaissance Technologies LLC now owns 35,301 shares of the company’s stock valued at $73,000 after acquiring an additional 11,601 shares in the last quarter. Finally, Oracle Investment Management Inc. raised its stake in shares of Forian by 0.7% in the fourth quarter. Oracle Investment Management Inc. now owns 1,366,107 shares of the company’s stock valued at $2,814,000 after acquiring an additional 10,000 shares in the last quarter. 19.25% of the stock is currently owned by institutional investors and hedge funds.

About Forian

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.