Virtu Financial LLC Makes New $30,000 Investment in Forian Inc. (NASDAQ:FORA)

Virtu Financial LLC acquired a new stake in Forian Inc. (NASDAQ:FORA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 14,324 shares of the company’s stock, valued at approximately $30,000.

Separately, Elser Financial Planning Inc acquired a new stake in shares of Forian in the fourth quarter valued at approximately $1,151,000. 19.25% of the stock is currently owned by institutional investors.

Forian Stock Performance

NASDAQ:FORA opened at $1.96 on Wednesday. The company has a market cap of $60.79 million, a price-to-earnings ratio of -21.78 and a beta of 1.06. The stock’s fifty day moving average price is $2.29 and its two-hundred day moving average price is $2.16. Forian Inc. has a 52-week low of $1.90 and a 52-week high of $4.03.

Insider Activity

In other Forian news, CEO Max C. Wygod acquired 12,320 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were acquired at an average cost of $2.67 per share, for a total transaction of $32,894.40. Following the completion of the acquisition, 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 31.30% of the stock is currently owned by insiders.

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.