Insider Buying: Forian Inc. (NASDAQ:FORA) CEO Buys 12,320 Shares of Stock

Forian Inc. (NASDAQ:FORA) CEO Max C. Wygod bought 12,320 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were acquired at an average price of $2.67 per share, with a total value of $32,894.40. Following 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 position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Forian Price Performance

Shares of NASDAQ FORA opened at $3.59 on Friday. The stock has a fifty day moving average price of $2.19 and a 200 day moving average price of $2.21. Forian Inc. has a 1-year low of $1.96 and a 1-year high of $4.15. The company has a market cap of $111.35 million, a PE ratio of -39.89 and a beta of 1.06.

Analysts Set New Price Targets

Separately, Roth Mkm reaffirmed a “buy” rating and set a $5.00 price objective on shares of Forian in a research note on Thursday, November 14th.

Institutional Trading of Forian

Several hedge funds have recently made changes to their positions in the company. Canton Hathaway LLC increased its stake in shares of Forian by 2.3% during the third quarter. Canton Hathaway LLC now owns 269,650 shares of the company’s stock worth $582,000 after acquiring an additional 6,125 shares during the period. Oracle Investment Management Inc. boosted its holdings in 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 position in Forian by 48.9% during the 4th quarter. Renaissance Technologies LLC now owns 35,301 shares of the company’s stock worth $73,000 after purchasing an additional 11,601 shares during the period. Virtu Financial LLC acquired a new position in Forian during the 4th quarter worth approximately $30,000. Finally, Elser Financial Planning Inc purchased a new position in shares of Forian during the 4th quarter worth approximately $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.