Kelly Rodriques Sells 25,000 Shares of Forge Global Holdings, Inc. (NYSE:FRGE) Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 25,000 shares of Forge Global stock in a transaction on Friday, November 15th. The stock was sold at an average price of $0.88, for a total value of $22,000.00. Following the sale, the chief executive officer now owns 8,411,112 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 transaction 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 shares were 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 stock was sold at an average price of $1.29, for a total transaction of $77,400.00.

Forge Global Price Performance

Shares of NYSE:FRGE opened at $0.97 on Thursday. Forge Global Holdings, Inc. has a one year low of $0.80 and a one year high of $4.02. The firm has a fifty day moving average price of $1.22 and a two-hundred day moving average price of $1.41.

Forge Global (NYSE:FRGE) last posted its earnings results on Wednesday, November 6th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.01). Forge Global had a negative return on equity of 29.04% and a negative net margin of 95.85%. The business had revenue of $19.22 million for the quarter, compared to analysts’ expectations of $22.80 million. Sell-side analysts forecast that Forge Global Holdings, Inc. will post -0.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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.

Institutional Investors Weigh In On Forge Global

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in shares of Forge Global in the 3rd quarter worth $32,000. Norden Group LLC purchased a new stake in Forge Global during the second quarter valued at about $53,000. Miracle Mile Advisors LLC boosted its holdings in shares of Forge Global by 166.7% in the 2nd quarter. Miracle Mile Advisors LLC now owns 40,000 shares of the company’s stock worth $58,000 after purchasing an additional 25,000 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings 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 valued at $66,000 after buying an additional 7,663 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Forge Global by 23.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,008 shares of the company’s stock worth $72,000 after buying an additional 9,406 shares during the last quarter. 40.67% of the stock is owned by hedge funds and other 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.