Forge Global Holdings, Inc. (NYSE:FRGE) CRO Sells $53,500.00 in Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CRO Jennifer Phillips sold 50,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $1.07, for a total value of $53,500.00. Following the transaction, the executive now directly owns 744,018 shares in the company, valued at $796,099.26. This represents a 6.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, November 4th, Jennifer Phillips sold 25,000 shares of Forge Global stock. The shares were sold at an average price of $1.14, for a total value of $28,500.00.
• On Friday, November 1st, Jennifer Phillips sold 25,000 shares of Forge Global stock. The shares were 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 shares were 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 shares were sold at an average price of $1.28, for a total value of $64,000.00.

Forge Global Trading Down 0.9 %

NYSE:FRGE opened at $0.99 on Thursday. The stock has a fifty day moving average price of $1.15 and a 200 day moving average price of $1.35. 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 announced its quarterly earnings results 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 business had revenue of $19.22 million for the quarter, compared to analysts’ expectations 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, sell-side analysts forecast that Forge Global Holdings, Inc. will post -0.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

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 report on Tuesday, September 3rd.

Institutional Trading of Forge Global

A number of institutional investors have recently bought and sold shares of FRGE. Price T Rowe Associates Inc. MD lifted 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 during the last quarter. The Manufacturers Life Insurance Company increased 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 valued at $72,000 after acquiring an additional 9,406 shares during the period. Renaissance Technologies LLC increased its position in Forge Global by 42.2% in the 2nd quarter. Renaissance Technologies LLC now owns 49,900 shares of the company’s stock valued at $73,000 after acquiring an additional 14,800 shares during the period. Geode Capital Management LLC increased its position 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 acquiring an additional 18,913 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Forge Global in the 3rd quarter valued at about $32,000. 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.