Insider Selling: Forge Global Holdings, Inc. (NYSE:FRGE) CEO Sells 50,000 Shares of Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 50,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $0.80, for a total transaction of $40,000.00. Following the sale, the chief executive officer now owns 8,030,213 shares in the company, valued at $6,424,170.40. The trade was a 0.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, December 16th, Kelly Rodriques sold 25,000 shares of Forge Global stock. The shares were sold at an average price of $1.04, for a total transaction of $26,000.00.
• On Wednesday, December 4th, Kelly Rodriques sold 7,130 shares of Forge Global stock. The stock was sold at an average price of $1.02, for a total transaction 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 transaction of $32,369.70.
• On Monday, November 18th, Kelly Rodriques sold 25,000 shares of Forge Global stock. The stock was 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.

Forge Global Stock Performance

Shares of FRGE opened at $0.78 on Friday. Forge Global Holdings, Inc. has a 12-month low of $0.70 and a 12-month high of $3.56. The company has a 50-day moving average of $0.94 and a two-hundred day moving average of $1.20.

Forge Global (NYSE:FRGE) last issued 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 for the quarter, compared to analyst estimates of $22.80 million. Forge Global had a negative return on equity of 29.04% and a negative net margin of 95.85%. On average, equities research analysts expect that Forge Global Holdings, Inc. will post -0.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Forge Global

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in shares of Forge Global in the third quarter valued at approximately $32,000. The Manufacturers Life Insurance Company raised its holdings 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 last quarter. Renaissance Technologies LLC lifted its stake in shares of Forge Global by 42.2% during 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. GSA Capital Partners LLP acquired a new stake in shares of Forge Global during the third quarter worth $96,000. Finally, Miracle Mile Advisors LLC grew its position in shares of Forge Global by 116.8% in the fourth quarter. Miracle Mile Advisors LLC now owns 86,700 shares of the company’s stock valued at $81,000 after purchasing an additional 46,700 shares during the period. 40.67% of the stock is currently owned by hedge funds and other institutional investors.

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.