Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques Sells 50,000 Shares

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 50,000 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $0.80, for a total value of $40,000.00. Following the transaction, the chief executive officer now directly owns 8,030,213 shares in the company, valued at approximately $6,424,170.40. The trade was a 0.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, December 16th, Kelly Rodriques sold 25,000 shares of Forge Global stock. The shares were sold at an average price of $1.04, for a total transaction of $26,000.00.
• On Wednesday, December 4th, Kelly Rodriques sold 7,130 shares of Forge Global stock. The stock was sold at an average price of $1.02, for a total transaction of $7,272.60.
• On Monday, December 2nd, Kelly Rodriques sold 31,735 shares of Forge Global stock. The shares were sold at an average price of $1.02, for a total transaction of $32,369.70.
• On Monday, November 18th, Kelly Rodriques sold 25,000 shares of Forge Global stock. The stock was sold at an average price of $0.82, for a total transaction of $20,500.00.
• On Friday, November 15th, Kelly Rodriques sold 25,000 shares of Forge Global stock. The shares were sold at an average price of $0.88, for a total transaction of $22,000.00.

Forge Global Stock Performance

Shares of FRGE opened at $0.78 on Friday. The company’s 50 day simple moving average is $0.94 and its 200-day simple moving average is $1.20. Forge Global Holdings, Inc. has a 12-month low of $0.70 and a 12-month high of $3.56.

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

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reissued an “underweight” rating on shares of Forge Global in a research report on Tuesday, January 7th.

Hedge Funds Weigh In On Forge Global

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its stake in Forge Global by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,619,886 shares of the company’s stock valued at $3,433,000 after buying an additional 18,913 shares during the period. State Street Corp boosted its holdings in shares of Forge Global by 1.2% in the third quarter. State Street Corp now owns 2,263,898 shares of the company’s stock valued at $2,966,000 after acquiring an additional 25,833 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Forge Global by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 965,837 shares of the company’s stock worth $1,265,000 after acquiring an additional 36,913 shares during the period. Bank of New York Mellon Corp raised its holdings in Forge Global by 23.1% during the second quarter. Bank of New York Mellon Corp now owns 373,341 shares of the company’s stock worth $545,000 after purchasing an additional 70,058 shares in the last quarter. Finally, Interval Partners LP purchased a new position in Forge Global during the second quarter worth about $373,000. Hedge funds and other 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.