Forge Global Holdings, Inc. (NYSE:FRGE) CRO Sells $28,500.00 in Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CRO Jennifer Phillips sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $1.14, for a total transaction of $28,500.00. Following the completion of the sale, the executive now owns 829,581 shares in the company, valued at $945,722.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Jennifer Phillips also recently made the following trade(s):

• On Friday, November 1st, Jennifer Phillips sold 25,000 shares of Forge Global stock. The stock was sold at an average price of $1.14, for a total value of $28,500.00.
• On Thursday, October 24th, Jennifer Phillips sold 38,916 shares of Forge Global stock. The stock was sold at an average price of $1.21, for a total value of $47,088.36.
• On Tuesday, October 22nd, Jennifer Phillips sold 50,000 shares of Forge Global stock. The stock was sold at an average price of $1.28, for a total transaction of $64,000.00.

Forge Global Stock Performance

Shares of FRGE opened at $1.13 on Friday. The company has a market capitalization of $206.97 million, a PE ratio of -2.57 and a beta of 2.39. The company’s 50 day moving average price is $1.28 and its 200 day moving average price is $1.47. Forge Global Holdings, Inc. has a 52 week low of $1.11 and a 52 week high of $4.02.

Forge Global (NYSE:FRGE) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. Forge Global had a negative return on equity of 27.75% and a negative net margin of 96.65%. The company had revenue of $22.28 million during the quarter, compared to the consensus estimate of $20.24 million. During the same period last year, the business earned ($0.12) EPS. On average, equities analysts forecast that Forge Global Holdings, Inc. will post -0.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Forge Global

Several hedge funds have recently bought and sold shares of the business. First Eagle Investment Management LLC bought a new position in shares of Forge Global in the first quarter worth about $261,000. Vanguard Group Inc. grew its holdings in Forge Global by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 5,539,496 shares of the company’s stock valued at $10,691,000 after buying an additional 93,139 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Forge Global by 29.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,686 shares of the company’s stock worth $66,000 after buying an additional 7,663 shares during the period. Miracle Mile Advisors LLC lifted its holdings in shares of Forge Global by 166.7% during the second quarter. Miracle Mile Advisors LLC now owns 40,000 shares of the company’s stock worth $58,000 after buying an additional 25,000 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Forge Global by 23.1% in the second quarter. Bank of New York Mellon Corp now owns 373,341 shares of the company’s stock valued at $545,000 after acquiring an additional 70,058 shares during the period. 40.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, UBS Group upgraded shares of Forge Global from a “neutral” rating to a “buy” rating and set a $3.00 price target for the company in a research report on Tuesday, September 3rd.

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.