Forge Global Holdings, Inc. (NYSE:FRGE) CEO Sells $32,369.70 in Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 31,735 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $1.02, for a total transaction of $32,369.70. Following the completion of the sale, the chief executive officer now directly owns 8,354,377 shares of the company’s stock, valued at approximately $8,521,464.54. The trade was a 0.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, December 4th, Kelly Rodriques sold 7,130 shares of Forge Global stock. The shares were sold at an average price of $1.02, for a total transaction of $7,272.60.
• 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 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.
• On Tuesday, October 15th, Kelly Rodriques sold 50,000 shares of Forge Global stock. The shares were 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 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 shares were sold at an average price of $1.29, for a total value of $77,400.00.

Forge Global Stock Up 9.9 %

Forge Global stock opened at $1.06 on Friday. The business has a 50 day moving average of $1.14 and a 200-day moving average of $1.34. Forge Global Holdings, Inc. has a 1 year low of $0.80 and a 1 year 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). Forge Global had a negative net margin of 95.85% and a negative return on equity of 29.04%. The firm had revenue of $19.22 million during the quarter, compared to analyst estimates of $22.80 million. On average, sell-side analysts anticipate that Forge Global Holdings, Inc. will post -0.37 EPS for the current year.

Institutional Trading of Forge Global

Several institutional investors have recently added to or reduced their stakes in FRGE. Vanguard Group Inc. boosted its holdings in Forge Global by 1.7% in the first 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 last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Forge Global by 29.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 33,686 shares of the company’s stock valued at $66,000 after acquiring an additional 7,663 shares during the last quarter. Miracle Mile Advisors LLC boosted its holdings in Forge Global by 166.7% in the second quarter. Miracle Mile Advisors LLC now owns 40,000 shares of the company’s stock valued at $58,000 after acquiring an additional 25,000 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Forge Global by 23.1% in the second quarter. Bank of New York Mellon Corp now owns 373,341 shares of the company’s stock valued at $545,000 after acquiring an additional 70,058 shares during the last quarter. Finally, Norden Group LLC bought a new stake in Forge Global in the second quarter valued at approximately $53,000. 40.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

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.