Forge Global Holdings, Inc. (NYSE:FRGE) CEO Sells $92,300.00 in Stock

Forge Global Holdings, Inc. (NYSE:FRGEGet Free Report) CEO Kelly Rodriques sold 65,000 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $1.42, for a total transaction of $92,300.00. Following the sale, the chief executive officer now owns 10,115,551 shares of the company’s stock, valued at $14,364,082.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Wednesday, July 10th, Kelly Rodriques sold 85,000 shares of Forge Global stock. The shares were sold at an average price of $1.39, for a total value of $118,150.00.
  • On Monday, June 3rd, Kelly Rodriques sold 25,000 shares of Forge Global stock. The stock was sold at an average price of $1.53, for a total value of $38,250.00.
  • On Wednesday, May 22nd, Kelly Rodriques sold 33,762 shares of Forge Global stock. The shares were sold at an average price of $1.81, for a total value of $61,109.22.
  • On Wednesday, May 1st, Kelly Rodriques sold 35,746 shares of Forge Global stock. The shares were sold at an average price of $1.88, for a total transaction of $67,202.48.
  • On Tuesday, April 16th, Kelly Rodriques sold 20,803 shares of Forge Global stock. The stock was sold at an average price of $1.84, for a total transaction of $38,277.52.

Forge Global Stock Down 0.7 %

Shares of FRGE stock traded down $0.01 during trading hours on Wednesday, hitting $1.39. 273,281 shares of the company’s stock traded hands, compared to its average volume of 646,510. The stock has a market cap of $251.65 million, a price-to-earnings ratio of -2.78 and a beta of 2.39. The stock’s fifty day simple moving average is $1.63 and its two-hundred day simple moving average is $1.98. Forge Global Holdings, Inc. has a 12-month low of $1.31 and a 12-month high of $4.02.

Forge Global (NYSE:FRGEGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02. The company had revenue of $19.24 million for the quarter, compared to the consensus estimate of $19.88 million. Forge Global had a negative net margin of 119.12% and a negative return on equity of 29.55%. On average, equities analysts forecast that Forge Global Holdings, Inc. will post -0.42 earnings per share for the current fiscal year.

Institutional Trading of Forge Global

Several institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its holdings in shares of Forge Global by 0.3% during the fourth quarter. Wells Fargo & Company MN now owns 2,548,972 shares of the company’s stock valued at $8,743,000 after purchasing an additional 6,487 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in 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 buying an additional 7,663 shares during the last quarter. SG Americas Securities LLC lifted its stake in Forge Global by 17.5% during the 4th quarter. SG Americas Securities LLC now owns 51,810 shares of the company’s stock valued at $178,000 after acquiring an additional 7,720 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Forge Global by 177.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 15,725 shares of the company’s stock valued at $54,000 after acquiring an additional 10,058 shares during the last quarter. Finally, Miracle Mile Advisors LLC bought a new stake in shares of Forge Global in the first quarter worth approximately $29,000. 40.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FRGE has been the subject of several research analyst reports. Oppenheimer restated an “outperform” rating and issued a $3.50 price objective on shares of Forge Global in a report on Wednesday, March 27th. JMP Securities restated a “market outperform” rating and issued a $7.00 target price on shares of Forge Global in a research note on Tuesday, April 9th.

Check Out Our Latest Analysis on FRGE

About Forge Global

(Get Free Report)

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.

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