Forian (NASDAQ:FORA) Shares Down 1% – Here’s What Happened

Shares of Forian Inc. (NASDAQ:FORA) fell 1% during mid-day trading on Monday . The company traded as low as $2.05 and last traded at $2.05. 8,885 shares traded hands 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 Up 3.0 %

The business has a 50-day moving average price of $2.29 and a 200-day moving average price of $2.18. The firm has a market capitalization of $64.51 million, a PE ratio of -23.11 and a beta of 1.06.

Insider Activity

In other Forian news, CEO Max C. Wygod acquired 12,320 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was bought at an average cost of $2.67 per share, for a total transaction of $32,894.40. Following the completion of the transaction, the chief executive officer now owns 1,324,500 shares of the company’s stock, valued at approximately $3,536,415. The trade was a 0.94 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 31.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FORA. Virtu Financial LLC purchased a new position in Forian in the fourth quarter worth approximately $30,000. Renaissance Technologies LLC grew its position in Forian by 48.9% in 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 during the period. Canton Hathaway LLC grew its position in Forian by 2.3% in 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. Elser Financial Planning Inc acquired a new position in Forian during the fourth quarter worth $1,151,000. Finally, Oracle Investment Management Inc. lifted its stake in 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 purchasing an additional 10,000 shares in the last quarter. 19.25% of the stock is currently owned by hedge funds and other institutional investors.

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.