Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques Sells 50,000 Shares

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 50,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1.33, for a total value of $66,500.00. Following the completion of the transaction, the chief executive officer now directly owns 8,476,028 shares of the company’s stock, valued at $11,273,117.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, September 16th, Kelly Rodriques sold 18,405 shares of Forge Global stock. The stock was sold at an average price of $1.36, for a total value 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 value 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.
• On Thursday, August 15th, Kelly Rodriques sold 40,084 shares of Forge Global stock. The shares were sold at an average price of $1.30, for a total value of $52,109.20.
• On Monday, August 12th, Kelly Rodriques sold 108,646 shares of Forge Global stock. The shares were sold at an average price of $1.23, for a total value of $133,634.58.
• On Friday, August 9th, Kelly Rodriques sold 24,562 shares of Forge Global stock. The shares were sold at an average price of $1.31, for a total value of $32,176.22.
• On Monday, July 22nd, Kelly Rodriques sold 65,109 shares of Forge Global stock. The stock was sold at an average price of $1.46, for a total value of $95,059.14.

Forge Global Price Performance

Shares of Forge Global stock traded up $0.01 during trading on Tuesday, reaching $1.34. 483,262 shares of the stock traded hands, compared to its average volume of 541,742. The company has a market capitalization of $242.59 million, a price-to-earnings ratio of -2.66 and a beta of 2.37. The business has a fifty day simple moving average of $1.33 and a two-hundred day simple moving average of $1.56. Forge Global Holdings, Inc. has a 52-week low of $1.16 and a 52-week high of $4.02.

Forge Global (NYSE:FRGE) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.04. The firm had revenue of $22.28 million during 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 quarter last year, the business posted ($0.12) earnings per share. On average, research analysts predict that Forge Global Holdings, Inc. will post -0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Miracle Mile Advisors LLC purchased a new position in Forge Global in the first quarter worth about $29,000. SG Americas Securities LLC purchased a new position in Forge Global in the third quarter worth about $32,000. Norden Group LLC purchased a new position in Forge Global in the second quarter worth about $53,000. Price T Rowe Associates Inc. MD grew its position 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 worth $66,000 after acquiring an additional 7,663 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Forge Global by 23.8% in the second 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 in the last quarter. Hedge funds and other institutional investors own 40.67% of the company’s stock.

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.