Insider Selling: Forge Global Holdings, Inc. (NYSE:FRGE) CEO Sells $40,000.00 in Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $0.80, for a total transaction of $40,000.00. Following the transaction, the chief executive officer now directly owns 8,030,213 shares of the company’s stock, valued at $6,424,170.40. The trade was a 0.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 value 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 value 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 transaction of $22,000.00.

Forge Global Stock Down 2.7 %

Shares of FRGE opened at $0.78 on Monday. Forge Global Holdings, Inc. has a 52 week low of $0.70 and a 52 week high of $3.56. The stock has a market cap of $143.57 million, a price-to-earnings ratio of -1.80 and a beta of 2.33. The business has a 50-day simple moving average of $0.94 and a two-hundred day simple moving average of $1.20.

Forge Global (NYSE:FRGE) last released its earnings results on Wednesday, November 6th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The firm had revenue of $19.22 million for the quarter, compared to the consensus estimate 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 analysts anticipate that Forge Global Holdings, Inc. will post -0.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its position in shares of Forge Global by 23.8% in the second 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 in the last quarter. Renaissance Technologies LLC lifted its holdings in Forge Global by 42.2% in 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 in the last quarter. Geode Capital Management LLC boosted its stake in Forge Global by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,619,886 shares of the company’s stock worth $3,433,000 after purchasing an additional 18,913 shares during the period. SG Americas Securities LLC purchased a new stake in Forge Global during the 3rd quarter valued at approximately $32,000. Finally, State Street Corp raised its position in shares of Forge Global by 1.2% during the third quarter. State Street Corp now owns 2,263,898 shares of the company’s stock valued at $2,966,000 after buying an additional 25,833 shares during the last quarter. Hedge funds and other institutional investors own 40.67% of the company’s stock.

Analysts Set New Price Targets

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

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.