Forian Inc. (NASDAQ:FORA) Stake Cut by Independent Advisor Alliance

Independent Advisor Alliance decreased its position in shares of Forian Inc. (NASDAQ:FORA) by 40.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,215 shares of the company’s stock after selling 10,276 shares during the period. Independent Advisor Alliance’s holdings in Forian were worth $31,000 at the end of the most recent reporting period.

Separately, Elser Financial Planning Inc acquired a new stake in Forian during the fourth quarter valued at $1,151,000. 19.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Forian

In other Forian news, CEO Max C. Wygod acquired 12,320 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The stock was purchased at an average cost of $2.67 per share, for a total transaction of $32,894.40. Following the completion of the acquisition, the chief executive officer now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 31.30% of the company’s stock.

Forian Trading Up 4.8 %

FORA opened at $2.18 on Friday. The stock has a market cap of $67.61 million, a price-to-earnings ratio of -24.22 and a beta of 1.06. Forian Inc. has a 1 year low of $1.96 and a 1 year high of $4.03. The stock has a fifty day moving average price of $2.30 and a 200 day moving average price of $2.18.

Forian Profile

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.