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 the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $1.04, for a total value of $26,000.00. Following the sale, the chief executive officer now owns 8,153,110 shares of the company’s stock, valued at approximately $8,479,234.40. The trade was a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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 value 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 value of $32,369.70.
• 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 value 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 value 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.

Forge Global Stock Performance

FRGE stock opened at $0.92 on Friday. The company has a market capitalization of $170.45 million, a P/E ratio of -2.14 and a beta of 2.30. Forge Global Holdings, Inc. has a 52-week low of $0.80 and a 52-week high of $4.02. The business has a 50-day simple moving average of $1.11 and a two-hundred day simple moving average of $1.30.

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 firm had revenue of $19.22 million for the quarter, compared to the consensus estimate of $22.80 million. As a group, sell-side analysts forecast that Forge Global Holdings, Inc. will post -0.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, UBS Group upgraded 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.

Hedge Funds Weigh In On Forge Global

Several hedge funds have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Forge Global in the 3rd quarter worth approximately $32,000. Norden Group LLC bought a new stake in shares of Forge Global in the 2nd quarter worth approximately $53,000. 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 worth $66,000 after purchasing an additional 7,663 shares during the period. The Manufacturers Life Insurance Company raised its holdings 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. Finally, Renaissance Technologies LLC raised its holdings in shares of Forge Global by 42.2% in the 2nd quarter. Renaissance Technologies LLC now owns 49,900 shares of the company’s stock worth $73,000 after purchasing an additional 14,800 shares during the period. 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.