Forian (NASDAQ:FORA) Trading Down 3.1% – Here’s What Happened

Forian Inc. (NASDAQ:FORA) traded down 3.1% during trading on Wednesday . The stock traded as low as $1.87 and last traded at $1.87. 1,182 shares changed hands during trading, a decline of 93% from the average session volume of 16,762 shares. The stock had previously closed at $1.93.

Forian Price Performance

The stock has a fifty day simple moving average of $2.11 and a two-hundred day simple moving average of $2.13. The firm has a market capitalization of $58.33 million, a P/E ratio of -20.78 and a beta of 1.04.

Insider Activity

In other news, CEO Max C. Wygod purchased 12,320 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were acquired at an average price of $2.67 per share, for a total transaction of $32,894.40. Following the completion of the acquisition, the chief executive officer now owns 1,324,500 shares in the company, valued at approximately $3,536,415. The trade was a 0.94 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 31.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Forian

A number of institutional investors have recently modified their holdings of the company. Elser Financial Planning Inc acquired a new stake in Forian in the 4th quarter valued at $1,151,000. Virtu Financial LLC acquired a new position in shares of Forian during the fourth quarter valued at about $30,000. Renaissance Technologies LLC increased its position in shares of Forian by 48.9% during the fourth 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. Finally, Oracle Investment Management Inc. increased its position in shares of Forian by 0.7% during the fourth 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 in the last quarter. 19.25% of the stock is 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.