Forge Global Holdings, Inc. (NYSE:FRGE – Get Free Report) COO Drew Sievers sold 11,042 shares of Forge Global stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1.36, for a total value of $15,017.12. Following the sale, the chief operating officer now directly owns 800,320 shares in the company, valued at approximately $1,088,435.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Drew Sievers also recently made the following trade(s):
- On Thursday, August 15th, Drew Sievers sold 24,051 shares of Forge Global stock. The stock was sold at an average price of $1.30, for a total transaction of $31,266.30.
Forge Global Stock Down 5.8 %
Shares of NYSE:FRGE opened at $1.29 on Friday. The firm has a fifty day simple moving average of $1.39 and a two-hundred day simple moving average of $1.65. Forge Global Holdings, Inc. has a 52 week low of $1.17 and a 52 week high of $4.02. The stock has a market capitalization of $233.54 million, a P/E ratio of -2.58 and a beta of 2.38.
Analyst Upgrades and Downgrades
Separately, UBS Group upgraded Forge Global from a “neutral” rating to a “buy” rating and set a $3.00 target price on the stock in a research report on Tuesday, September 3rd.
Check Out Our Latest Report on FRGE
Hedge Funds Weigh In On Forge Global
Several large investors have recently modified their holdings of the stock. Miracle Mile Advisors LLC bought a new stake in Forge Global in the first quarter worth $29,000. Norden Group LLC bought a new stake in shares of Forge Global in the 2nd quarter worth about $53,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Forge Global by 29.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,686 shares of the company’s stock worth $66,000 after purchasing an additional 7,663 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Forge Global by 23.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,008 shares of the company’s stock valued at $72,000 after purchasing an additional 9,406 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Forge Global by 42.2% in the 2nd quarter. Renaissance Technologies LLC now owns 49,900 shares of the company’s stock worth $73,000 after purchasing an additional 14,800 shares during the period. Institutional investors own 40.67% of the company’s stock.
About Forge Global
Forge Global Holdings, Inc operates a financial services platform in California. The company's platform solutions include trading solutions, a platform that connects investors with private company stockholders and enables them to facilitate private share transactions; and custody solutions, a non-depository trust company that enables clients to securely custody and manage assets through an online portal.
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