Max C. Wygod Acquires 12,320 Shares of Forian Inc. (NASDAQ:FORA) Stock

Forian Inc. (NASDAQ:FORA) CEO Max C. Wygod bought 12,320 shares of Forian stock in a transaction on Tuesday, February 11th. The shares were bought at an average cost of $2.67 per share, with a total value of $32,894.40. Following the acquisition, the chief executive officer now directly owns 1,324,500 shares in the company, valued at approximately $3,536,415. This represents a 0.94 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Forian Stock Up 30.1 %

FORA stock opened at $3.59 on Friday. The firm has a market capitalization of $111.35 million, a PE ratio of -39.89 and a beta of 1.06. The stock has a 50-day simple moving average of $2.19 and a two-hundred day simple moving average of $2.21. Forian Inc. has a twelve month low of $1.96 and a twelve month high of $4.15.

Wall Street Analyst Weigh In

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

Institutional Trading of Forian

A number of large investors have recently modified their holdings of the business. Oracle Investment Management Inc. boosted its position in shares of Forian by 0.7% during the 4th quarter. Oracle Investment Management Inc. now owns 1,366,107 shares of the company’s stock valued at $2,814,000 after acquiring an additional 10,000 shares during the last quarter. Elser Financial Planning Inc bought a new stake in shares of Forian during the 4th quarter valued at about $1,151,000. Canton Hathaway LLC boosted its position in shares of Forian by 2.3% during the 3rd quarter. Canton Hathaway LLC now owns 269,650 shares of the company’s stock valued at $582,000 after acquiring an additional 6,125 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Forian by 48.9% during the 4th quarter. Renaissance Technologies LLC now owns 35,301 shares of the company’s stock valued at $73,000 after acquiring an additional 11,601 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Forian during the 4th quarter valued at about $30,000. Institutional investors 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.