Insider Selling: Forge Global Holdings, Inc. (NYSE:FRGE) CEO Sells $95,059.14 in Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 65,109 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $1.46, for a total value of $95,059.14. Following the completion of the transaction, the chief executive officer now owns 9,255,306 shares of the company’s stock, valued at $13,512,746.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, July 15th, Kelly Rodriques sold 150,000 shares of Forge Global stock. The shares were sold at an average price of $1.42, for a total value of $213,000.00.
• On Friday, July 12th, Kelly Rodriques sold 165,000 shares of Forge Global stock. The stock was sold at an average price of $1.41, for a total transaction 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 transaction of $118,150.00.
• On Monday, July 8th, Kelly Rodriques sold 65,000 shares of Forge Global stock. The shares were sold at an average price of $1.42, for a total value 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 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 value of $67,202.48.

Forge Global Stock Up 3.3 %

NYSE FRGE opened at $1.58 on Friday. The business has a 50 day simple moving average of $1.54 and a 200 day simple moving average of $1.82. 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 announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.02. Forge Global had a negative net margin of 119.12% and a negative return on equity of 29.55%. The company had revenue of $19.24 million during the quarter, compared to the consensus estimate of $19.88 million. On average, equities analysts predict that Forge Global Holdings, Inc. will post -0.42 EPS for the current year.

Analysts Set New Price Targets

Separately, JMP Securities reaffirmed a “market outperform” rating and issued a $7.00 price objective on shares of Forge Global in a research note on Tuesday, April 9th.

Institutional Investors Weigh In On Forge Global

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Forge Global by 1.7% during the first quarter. Vanguard Group Inc. now owns 5,539,496 shares of the company’s stock valued at $10,691,000 after acquiring an additional 93,139 shares in the last quarter. Wells Fargo & Company MN increased its stake in Forge Global by 0.3% during the 4th 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. Abacus Wealth Partners LLC raised its holdings in Forge Global by 107.3% during the fourth quarter. Abacus Wealth Partners LLC now owns 942,866 shares of the company’s stock worth $3,234,000 after buying an additional 487,959 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Forge Global by 23.1% in the second quarter. Bank of New York Mellon Corp now owns 373,341 shares of the company’s stock valued at $545,000 after buying an additional 70,058 shares in the last quarter. Finally, Summit Trail Advisors LLC grew its holdings in shares of Forge Global by 8.8% during the fourth quarter. Summit Trail Advisors LLC now owns 321,667 shares of the company’s stock valued at $1,103,000 after buying an additional 26,000 shares during the last quarter. 40.67% of the stock is 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.