Forge Global Holdings, Inc. (NYSE:FRGE) CEO Sells $22,000.00 in Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 25,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $0.88, for a total transaction of $22,000.00. Following the transaction, the chief executive officer now directly owns 8,411,112 shares of the company’s stock, valued at $7,401,778.56. The trade was a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Kelly Rodriques also recently made the following trade(s):

• On Monday, November 18th, Kelly Rodriques sold 25,000 shares of Forge Global stock. The shares were sold at an average price of $0.82, for a total transaction of $20,500.00.
• On Tuesday, October 15th, Kelly Rodriques sold 50,000 shares of Forge Global stock. The stock was sold at an average price of $1.33, for a total value of $66,500.00.
• On Monday, September 16th, Kelly Rodriques sold 18,405 shares of Forge Global stock. The shares were sold at an average price of $1.36, for a total value of $25,030.80.
• On Wednesday, September 11th, Kelly Rodriques sold 40,000 shares of Forge Global stock. The stock was sold at an average price of $1.28, for a total value of $51,200.00.
• On Thursday, September 5th, Kelly Rodriques sold 60,000 shares of Forge Global stock. The shares were sold at an average price of $1.29, for a total value of $77,400.00.

Forge Global Trading Up 0.9 %

Shares of NYSE:FRGE opened at $0.97 on Friday. The company has a market cap of $178.85 million, a price-to-earnings ratio of -2.25 and a beta of 2.39. Forge Global Holdings, Inc. has a 12 month low of $0.80 and a 12 month high of $4.02. The company has a 50-day moving average price of $1.20 and a 200 day moving average price of $1.40.

Forge Global (NYSE:FRGE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The company had revenue of $19.22 million for the quarter, compared to analysts’ expectations of $22.80 million. Forge Global had a negative net margin of 95.85% and a negative return on equity of 29.04%. As a group, equities analysts forecast that Forge Global Holdings, Inc. will post -0.37 EPS for the current year.

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 on the stock in a research report on Tuesday, September 3rd.

Institutional Trading of Forge Global

A number of institutional investors have recently bought and sold shares of the stock. Interval Partners LP bought a new stake in Forge Global in the second quarter worth about $373,000. Squarepoint Ops LLC raised its holdings in shares of Forge Global by 1,068.2% in the second quarter. Squarepoint Ops LLC now owns 164,454 shares of the company’s stock worth $240,000 after buying an additional 150,376 shares during the period. Barclays PLC lifted its stake in shares of Forge Global by 278.5% during the 3rd quarter. Barclays PLC now owns 150,241 shares of the company’s stock worth $197,000 after acquiring an additional 110,549 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Forge Global by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 5,539,496 shares of the company’s stock valued at $10,691,000 after acquiring an additional 93,139 shares during the period. Finally, First Eagle Investment Management LLC grew its position in Forge Global by 64.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 221,959 shares of the company’s stock valued at $324,000 after acquiring an additional 86,959 shares during the last quarter. 40.67% of the stock is currently owned by institutional investors.

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.