Forge Global Holdings, Inc. (NYSE:FRGE) CRO Sells $28,500.00 in Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CRO Jennifer Phillips sold 25,000 shares of Forge Global stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $1.14, for a total value of $28,500.00. Following the completion of the transaction, the executive now owns 854,581 shares of the company’s stock, valued at $974,222.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Jennifer Phillips also recently made the following trade(s):

• On Monday, November 4th, Jennifer Phillips sold 25,000 shares of Forge Global stock. The shares were sold at an average price of $1.14, for a total transaction of $28,500.00.
• On Thursday, October 24th, Jennifer Phillips sold 38,916 shares of Forge Global stock. The stock was sold at an average price of $1.21, for a total transaction of $47,088.36.
• On Tuesday, October 22nd, Jennifer Phillips sold 50,000 shares of Forge Global stock. The shares were sold at an average price of $1.28, for a total value of $64,000.00.

Forge Global Trading Down 13.7 %

FRGE stock opened at $1.13 on Friday. The stock has a market cap of $206.97 million, a P/E ratio of -2.57 and a beta of 2.39. Forge Global Holdings, Inc. has a twelve month low of $1.11 and a twelve month high of $4.02. The company’s 50 day moving average is $1.28 and its two-hundred day moving average is $1.47.

Forge Global (NYSE:FRGE) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.04. Forge Global had a negative net margin of 96.65% and a negative return on equity of 27.75%. The firm had revenue of $22.28 million for the quarter, compared to analyst estimates of $20.24 million. During the same period last year, the business earned ($0.12) EPS. On average, equities research analysts predict that Forge Global Holdings, Inc. will post -0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, UBS Group raised 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.

Hedge Funds Weigh In On Forge Global

Several hedge funds have recently made changes to their positions in FRGE. SG Americas Securities LLC purchased a new stake in shares of Forge Global in the 3rd quarter valued at about $32,000. Price T Rowe Associates Inc. MD increased 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 worth $66,000 after buying an additional 7,663 shares during the period. Bank of New York Mellon Corp lifted its stake in 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 during the last quarter. First Eagle Investment Management LLC grew its position in shares of Forge Global by 64.4% during the second quarter. First Eagle Investment Management LLC now owns 221,959 shares of the company’s stock worth $324,000 after acquiring an additional 86,959 shares during the last quarter. Finally, Squarepoint Ops LLC increased its holdings in shares of Forge Global by 1,068.2% in the 2nd quarter. Squarepoint Ops LLC now owns 164,454 shares of the company’s stock valued at $240,000 after acquiring an additional 150,376 shares during the period. 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.