Forian (NASDAQ:FORA) Trading Down 1% – Time to Sell?

Shares of Forian Inc. (NASDAQ:FORA) fell 1% during trading on Monday . The company traded as low as $2.05 and last traded at $2.05. 8,885 shares were traded during mid-day 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’s 50-day moving average is $2.29 and its two-hundred day moving average is $2.18. The firm has a market capitalization of $63.58 million, a price-to-earnings ratio of -22.78 and a beta of 1.06.

Insider Buying and Selling at Forian

In other news, CEO Max C. Wygod acquired 12,320 shares of Forian stock in a transaction dated Tuesday, February 11th. The stock was bought at an average cost of $2.67 per share, with a total value of $32,894.40. Following the completion of the transaction, the chief executive officer now directly owns 1,324,500 shares of the company’s stock, valued at approximately $3,536,415. This represents a 0.94 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 31.30% of the company’s stock.

Hedge Funds Weigh In On Forian

Several institutional investors and hedge funds have recently made changes to their positions in the company. Canton Hathaway LLC boosted its position in shares of Forian by 2.3% during the 3rd quarter. Canton Hathaway LLC now owns 269,650 shares of the company’s stock worth $582,000 after acquiring an additional 6,125 shares in the last quarter. Oracle Investment Management Inc. boosted 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 valued at $2,814,000 after purchasing an additional 10,000 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Forian by 48.9% in the 4th quarter. Renaissance Technologies LLC now owns 35,301 shares of the company’s stock valued at $73,000 after purchasing an additional 11,601 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Forian during the 4th quarter worth $30,000. Finally, Elser Financial Planning Inc acquired a new position in shares of Forian during the 4th quarter worth $1,151,000. Institutional investors and hedge funds own 19.25% of the company’s stock.

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.