Forge Global Holdings, Inc. (NYSE:FRGE) CEO Sells $20,500.00 in Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 25,000 shares of Forge Global stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $0.82, for a total value of $20,500.00. Following the completion of the transaction, the chief executive officer now owns 8,386,112 shares of the company’s stock, valued at approximately $6,876,611.84. This represents a 0.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, November 15th, Kelly Rodriques sold 25,000 shares of Forge Global stock. The stock was sold at an average price of $0.88, for a total value of $22,000.00.
• 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 transaction 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 transaction 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 transaction of $77,400.00.

Forge Global Trading Up 2.4 %

Shares of FRGE opened at $0.99 on Friday. The firm has a fifty day moving average price of $1.20 and a 200-day moving average price of $1.40. The firm has a market capitalization of $183.16 million, a P/E 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.

Forge Global (NYSE:FRGE) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The company had revenue of $19.22 million during 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%. Analysts predict that Forge Global Holdings, Inc. will post -0.37 earnings per share for the current year.

Institutional Inflows and Outflows

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

Analyst Ratings Changes

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

Forge Global Company Profile

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.