Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques Sells 25,000 Shares

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 25,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $0.88, for a total value of $22,000.00. Following the transaction, the chief executive officer now directly owns 8,411,112 shares in the company, valued at $7,401,778.56. This trade represents a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• 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 Tuesday, October 15th, Kelly Rodriques sold 50,000 shares of Forge Global stock. The shares were sold at an average price of $1.33, for a total value of $66,500.00.
• 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 transaction 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 transaction of $51,200.00.
• On Thursday, September 5th, Kelly Rodriques sold 60,000 shares of Forge Global stock. The shares were sold at an average price of $1.29, for a total transaction of $77,400.00.

Forge Global Trading Up 2.2 %

NYSE:FRGE opened at $0.97 on Thursday. Forge Global Holdings, Inc. has a twelve month low of $0.80 and a twelve month high of $4.02. The firm’s fifty day simple moving average is $1.22 and its 200 day simple moving average is $1.41.

Forge Global (NYSE:FRGE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01). Forge Global had a negative net margin of 95.85% and a negative return on equity of 29.04%. The company had revenue of $19.22 million for the quarter, compared to analysts’ expectations of $22.80 million. On average, analysts expect that Forge Global Holdings, Inc. will post -0.37 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded 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

Several institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in shares of 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 valued at $66,000 after purchasing an additional 7,663 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Forge Global by 23.8% during the second quarter. The Manufacturers Life Insurance Company now owns 49,008 shares of the company’s stock valued at $72,000 after buying an additional 9,406 shares during the period. Renaissance Technologies LLC lifted its position in Forge Global by 42.2% during the second quarter. Renaissance Technologies LLC now owns 49,900 shares of the company’s stock valued at $73,000 after buying an additional 14,800 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Forge Global by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,619,886 shares of the company’s stock valued at $3,433,000 after buying an additional 18,913 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Forge Global in the 3rd quarter worth about $32,000. Institutional investors own 40.67% of the company’s stock.

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.