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 Forge Global stock in a transaction on Monday, November 18th. The stock was sold at an average price of $0.82, for a total value of $20,500.00. Following the sale, the chief executive officer now directly owns 8,386,112 shares of the company’s stock, valued at approximately $6,876,611.84. This trade represents a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, November 15th, Kelly Rodriques sold 25,000 shares of Forge Global stock. The stock was 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 transaction of $66,500.00.
• On Monday, September 16th, Kelly Rodriques sold 18,405 shares of Forge Global stock. The shares were sold at an average price of $1.36, for a total transaction of $25,030.80.
• On Wednesday, September 11th, Kelly Rodriques sold 40,000 shares of Forge Global stock. The stock was sold at an average price of $1.28, for a total transaction of $51,200.00.
• On Thursday, September 5th, Kelly Rodriques sold 60,000 shares of Forge Global stock. The stock was sold at an average price of $1.29, for a total value of $77,400.00.

Forge Global Price Performance

Shares of FRGE stock opened at $0.97 on Thursday. Forge Global Holdings, Inc. has a 12-month low of $0.80 and a 12-month high of $4.02. The firm has a fifty day moving average of $1.22 and a 200-day moving average of $1.41.

Forge Global (NYSE:FRGE) last released its quarterly earnings results 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 firm had revenue of $19.22 million during the quarter, compared to analyst estimates of $22.80 million. Forge Global had a negative net margin of 95.85% and a negative return on equity of 29.04%. Research analysts anticipate that Forge Global Holdings, Inc. will post -0.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Forge Global

Large investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Forge Global during the 3rd quarter worth about $32,000. Price T Rowe Associates Inc. MD boosted 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 valued at $66,000 after purchasing an additional 7,663 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Forge Global by 23.1% during the second quarter. Bank of New York Mellon Corp now owns 373,341 shares of the company’s stock valued at $545,000 after purchasing an additional 70,058 shares during the last quarter. First Eagle Investment Management LLC grew its stake in Forge Global by 64.4% in the second quarter. First Eagle Investment Management LLC now owns 221,959 shares of the company’s stock valued at $324,000 after purchasing an additional 86,959 shares in the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of Forge Global by 1,068.2% during the 2nd quarter. Squarepoint Ops LLC now owns 164,454 shares of the company’s stock worth $240,000 after purchasing an additional 150,376 shares during the last quarter. Institutional investors and hedge funds own 40.67% of the company’s stock.

Wall Street Analysts Forecast Growth

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 report on Tuesday, September 3rd.

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.