Forian (FORA) to Release Earnings on Thursday

Forian (NASDAQ:FORA – Get Rating) is set to release its earnings data after the market closes on Thursday, May 12th. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Shares of NASDAQ:FORA opened at $3.47 on Thursday. The company’s 50-day moving average price is $5.44 and its 200 day moving average price is $7.65. Forian has a fifty-two week low of $3.06 and a fifty-two week high of $14.39.

Separately, Lake Street Capital began coverage on shares of Forian in a research note on Friday, April 8th. They issued a “buy” rating and a $9.00 price objective on the stock.

In related news, Director Martin J. Wygod bought 6,827 shares of the company’s stock in a transaction that occurred on Friday, April 1st. The shares were acquired at an average price of $6.68 per share, with a total value of $45,604.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Martin J. Wygod purchased 4,800 shares of the stock in a transaction on Monday, February 14th. The stock was acquired at an average cost of $7.66 per share, for a total transaction of $36,768.00. The disclosure for this purchase can be found here. Insiders acquired 28,718 shares of company stock valued at $191,609 over the last quarter.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. boosted its stake in shares of Forian by 6.0% in the 4th quarter. BlackRock Inc. now owns 932,348 shares of the company’s stock valued at $8,409,000 after purchasing an additional 52,890 shares during the last quarter. Invesco Ltd. bought a new position in Forian during the 3rd quarter worth approximately $132,000. JPMorgan Chase & Co. boosted its stake in Forian by 127.0% during the 4th quarter. JPMorgan Chase & Co. now owns 20,985 shares of the company’s stock worth $189,000 after acquiring an additional 11,741 shares during the last quarter. Penserra Capital Management LLC raised its holdings in Forian by 23.5% during the 4th quarter. Penserra Capital Management LLC now owns 59,416 shares of the company’s stock worth $535,000 after buying an additional 11,302 shares during the period. Finally, Bank of America Corp DE raised its holdings in Forian by 348.7% during the 4th quarter. Bank of America Corp DE now owns 13,447 shares of the company’s stock worth $121,000 after buying an additional 10,450 shares during the period.

Forian Company Profile (Get Rating)

Forian Inc provides software solutions, proprietary data driven insights, and predictive analytics to optimize the operational, clinical, and financial performance of its healthcare, cannabis, and government customers. It operates through three segments: Information & Software, Services, and Other.

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