Forum Markets (NASDAQ:FRMM) Major Shareholder Konstantin Lomashuk Sells 250,000 Shares of Stock

Forum Markets, Inc (NASDAQ:FRMM) major shareholder Konstantin Lomashuk sold 250,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $6.00, for a total value of $1,500,000.00. Following the sale, the insider directly owned 1,226,638 shares in the company, valued at approximately $7,359,828. The trade was a 16.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Konstantin Lomashuk also recently made the following trade(s):

• On Thursday, July 9th, Konstantin Lomashuk sold 3,387 shares of Forum Markets stock. The shares were sold at an average price of $6.15, for a total value of $20,830.05.
• On Wednesday, July 8th, Konstantin Lomashuk sold 1,100 shares of Forum Markets stock. The shares were sold at an average price of $6.13, for a total value of $6,743.00.
• On Tuesday, July 7th, Konstantin Lomashuk sold 3,702 shares of Forum Markets stock. The shares were sold at an average price of $6.41, for a total value of $23,729.82.

Forum Markets Stock Performance

FRMM opened at $5.32 on Wednesday. Forum Markets, Inc has a one year low of $1.76 and a one year high of $174.60. The company has a quick ratio of 6.19, a current ratio of 6.19 and a debt-to-equity ratio of 0.15. The stock has a fifty day moving average price of $5.36. The company has a market cap of $71.23 million, a P/E ratio of -0.15 and a beta of 1.37.

Forum Markets (NASDAQ:FRMM) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($3.64) earnings per share for the quarter. The firm had revenue of $2.86 million during the quarter. On average, equities research analysts forecast that Forum Markets, Inc will post -5.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on FRMM shares. Weiss Ratings upgraded shares of Forum Markets from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 21st. Benchmark boosted their target price on shares of Forum Markets from $5.00 to $9.00 and gave the stock a “speculative buy” rating in a report on Friday, May 15th. Wall Street Zen downgraded shares of Forum Markets from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Zacks Research raised shares of Forum Markets to a “hold” rating in a research note on Friday, May 29th. Finally, Clear Str upgraded shares of Forum Markets to a “strong-buy” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $10.00.

Forum Markets Company Profile

Forum Markets Inc is a digital asset platform modernizing capital markets through the tokenization of institutional-grade real-world assets on Ethereum. The company structures cash-generating assets on blockchain-based infrastructure to facilitate liquidity, investor access, and primary and secondary market activity. It combines traditional asset management practices with digital market infrastructure to support the origination, distribution, and trading of real-world assets.