Jennifer Phillips Sells 159,108 Shares of Forge Global Holdings, Inc. (NYSE:FRGE) Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CRO Jennifer Phillips sold 159,108 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $1.00, for a total transaction of $159,108.00. Following the transaction, the executive now owns 604,728 shares in the company, valued at $604,728. This represents a 20.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, December 18th, Jennifer Phillips sold 1,400 shares of Forge Global stock. The shares were sold at an average price of $1.00, for a total value of $1,400.00.
• On Monday, December 2nd, Jennifer Phillips sold 50,000 shares of Forge Global stock. The stock was sold at an average price of $1.07, for a total value of $53,500.00.

Forge Global Price Performance

Shares of NYSE FRGE opened at $0.94 on Friday. The company has a 50-day moving average price of $0.85 and a 200-day moving average price of $1.10. The stock has a market capitalization of $174.65 million, a P/E ratio of -2.17 and a beta of 2.30. Forge Global Holdings, Inc. has a 1 year low of $0.70 and a 1 year high of $3.56.

Hedge Funds Weigh In On Forge Global

Large investors have recently added to or reduced their stakes in the business. ProShare Advisors LLC raised its stake in shares of Forge Global by 51.3% in the fourth quarter. ProShare Advisors LLC now owns 32,807 shares of the company’s stock worth $31,000 after purchasing an additional 11,126 shares during the last quarter. Bank of America Corp DE grew its holdings in Forge Global by 10.2% during the fourth quarter. Bank of America Corp DE now owns 143,525 shares of the company’s stock worth $133,000 after buying an additional 13,281 shares in the last quarter. Wells Fargo & Company MN raised its position in Forge Global by 0.6% in the 4th quarter. Wells Fargo & Company MN now owns 2,583,455 shares of the company’s stock valued at $2,405,000 after buying an additional 15,695 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its stake in Forge Global by 9.8% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 185,010 shares of the company’s stock valued at $172,000 after acquiring an additional 16,485 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Forge Global by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,619,886 shares of the company’s stock worth $3,433,000 after acquiring an additional 18,913 shares during the last quarter. Institutional investors own 40.67% of the company’s stock.

Analyst Ratings Changes

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

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.