Forge Global Holdings, Inc. (NYSE:FRGE) COO Sells $15,017.12 in Stock

Forge Global Holdings, Inc. (NYSE:FRGE) COO Drew Sievers sold 11,042 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1.36, for a total value of $15,017.12. Following the completion of the sale, the chief operating officer now directly owns 800,320 shares of the company’s stock, valued at $1,088,435.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Drew Sievers also recently made the following trade(s):

• On Thursday, August 15th, Drew Sievers sold 24,051 shares of Forge Global stock. The stock was sold at an average price of $1.30, for a total value of $31,266.30.

Forge Global Trading Up 4.6 %

Forge Global stock opened at $1.37 on Friday. The firm has a market capitalization of $248.02 million, a price-to-earnings ratio of -2.74 and a beta of 2.38. The firm has a 50 day simple moving average of $1.39 and a 200 day simple moving average of $1.65. Forge Global Holdings, Inc. has a 1-year low of $1.17 and a 1-year high of $4.02.

Forge Global (NYSE:FRGE) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.04. The company had revenue of $22.28 million for the quarter, compared to analyst estimates of $20.24 million. Forge Global had a negative return on equity of 27.75% and a negative net margin of 96.65%. During the same period in the previous year, the company posted ($0.12) EPS. On average, equities research analysts forecast that Forge Global Holdings, Inc. will post -0.34 EPS for the current year.

Wall Street Analyst Weigh In

Separately, UBS Group raised shares of Forge Global from a “neutral” rating to a “buy” rating and set a $3.00 price objective on the stock in a report on Tuesday, September 3rd.

Institutional Investors Weigh In On Forge Global

Several hedge funds and other institutional investors have recently modified their holdings of FRGE. Miracle Mile Advisors LLC bought a new position in shares of Forge Global in the first quarter worth $29,000. Norden Group LLC bought a new stake in Forge Global during the second quarter valued at $53,000. Price T Rowe Associates Inc. MD grew its position in Forge Global by 29.4% during the first 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 in the last quarter. The Manufacturers Life Insurance Company increased its stake 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 worth $72,000 after acquiring an additional 9,406 shares during the last quarter. 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 valued at $73,000 after acquiring an additional 14,800 shares in the last quarter. 40.67% of the stock is currently owned by 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.