Forian Inc. (NASDAQ:FORA) Director Martin J. Wygod Buys 5,999 Shares of Stock

Forian Inc. (NASDAQ:FORA – Get Rating) Director Martin J. Wygod purchased 5,999 shares of Forian stock in a transaction that occurred on Tuesday, May 23rd. The shares were acquired at an average price of $2.38 per share, for a total transaction of $14,277.62. Following the acquisition, the director now owns 47,402 shares in the company, valued at $112,816.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Forian Price Performance

NASDAQ:FORA traded down $0.07 during mid-day trading on Friday, reaching $2.31. 7,243 shares of the company’s stock traded hands, compared to its average volume of 24,345. Forian Inc. has a 12-month low of $2.00 and a 12-month high of $6.48. The firm has a market capitalization of $75.27 million, a price-to-earnings ratio of -9.24 and a beta of 0.92. The company has a 50 day moving average price of $2.98 and a 200-day moving average price of $3.10.

Forian (NASDAQ:FORA – Get Rating) last posted its earnings results on Monday, March 27th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $7.90 million during the quarter.

Institutional Trading of Forian

A number of hedge funds have recently made changes to their positions in the stock. Oracle Investment Management Inc. boosted its position in shares of Forian by 5.6% in the 3rd quarter. Oracle Investment Management Inc. now owns 1,408,432 shares of the company’s stock worth $4,718,000 after purchasing an additional 74,955 shares in the last quarter. Millennium Management LLC bought a new position in Forian in the 2nd quarter valued at approximately $846,000. Vident Investment Advisory LLC lifted its holdings in shares of Forian by 66.2% during the 1st quarter. Vident Investment Advisory LLC now owns 66,340 shares of the company’s stock valued at $462,000 after buying an additional 26,435 shares during the period. Citadel Advisors LLC bought a new position in shares of Forian during the 2nd quarter valued at $217,000. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Forian by 43.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 35,908 shares of the company’s stock valued at $137,000 after buying an additional 10,908 shares during the period. 13.10% of the stock is owned by institutional investors.

About Forian

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Helix Technologies, Inc (OTCQB: HLIX) is a provider of critical infrastructure services for the legal cannabis industry, helping owners and operators of licensed cannabis businesses stay competitive and compliant while mitigating risk in an ever-changing and expanding frontier market. Through our Critical Infrastructure Services Platform, Helix Technologies provides a unique suite of technology solutions to legal cannabis operators that facilitate compliant product movements on a global scale, providing confidence to governments, peace of mind to consumers, and access to a global cannabis supply chain.