Kelly Rodriques Sells 150,000 Shares of Forge Global Holdings, Inc. (NYSE:FRGE) Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $1.42, for a total value of $213,000.00. Following the completion of the transaction, the chief executive officer now directly owns 9,320,415 shares of the company’s stock, valued at approximately $13,234,989.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Friday, July 12th, Kelly Rodriques sold 165,000 shares of Forge Global stock. The shares were sold at an average price of $1.41, for a total value of $232,650.00.
• 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, July 8th, Kelly Rodriques sold 65,000 shares of Forge Global stock. The stock was sold at an average price of $1.42, for a total transaction of $92,300.00.
• 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 transaction 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 stock was sold at an average price of $1.88, for a total value of $67,202.48.
• On Tuesday, April 16th, Kelly Rodriques sold 20,803 shares of Forge Global stock. The shares were sold at an average price of $1.84, for a total value of $38,277.52.

Forge Global Trading Up 1.4 %

Shares of FRGE traded up $0.02 during mid-day trading on Monday, hitting $1.44. 431,158 shares of the company traded hands, compared to its average volume of 644,356. The stock has a market capitalization of $260.70 million, a price-to-earnings ratio of -2.88 and a beta of 2.39. The business has a 50-day moving average of $1.59 and a 200 day moving average of $1.91. Forge Global Holdings, Inc. has a one year low of $1.31 and a one year high of $4.02.

Forge Global (NYSE:FRGE) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.02. The firm had revenue of $19.24 million for the quarter, compared to the consensus estimate of $19.88 million. Forge Global had a negative return on equity of 29.55% and a negative net margin of 119.12%. As a group, analysts anticipate that Forge Global Holdings, Inc. will post -0.42 earnings per share for the current year.

Hedge Funds Weigh In On Forge Global

Hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in Forge Global by 29.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 33,686 shares of the company’s stock valued at $66,000 after acquiring an additional 7,663 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Forge Global by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 5,539,496 shares of the company’s stock valued at $10,691,000 after purchasing an additional 93,139 shares during the period. First Eagle Investment Management LLC bought a new position in shares of Forge Global in the 1st quarter worth $261,000. Miracle Mile Advisors LLC acquired a new stake in shares of Forge Global during the first quarter worth $29,000. Finally, Virtu Financial LLC bought a new stake in Forge Global in the fourth quarter valued at about $289,000. Institutional investors own 40.67% of the company’s stock.

Analyst Upgrades and Downgrades

FRGE has been the topic of several recent analyst reports. 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. Oppenheimer restated an “outperform” rating and issued a $3.50 target price on shares of Forge Global in a research note on Wednesday, March 27th.

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.