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 Monday, November 18th. The shares were sold at an average price of $0.82, for a total value of $20,500.00. Following the sale, the chief executive officer now directly owns 8,386,112 shares in the company, valued at approximately $6,876,611.84. The trade was a 0.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, November 15th, Kelly Rodriques sold 25,000 shares of Forge Global stock. The shares were sold at an average price of $0.88, for a total transaction of $22,000.00.
• On Tuesday, October 15th, Kelly Rodriques sold 50,000 shares of Forge Global stock. The stock was sold at an average price of $1.33, for a total transaction 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 value 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 value of $77,400.00.

Forge Global Stock Performance

Forge Global stock opened at $0.99 on Friday. Forge Global Holdings, Inc. has a fifty-two week low of $0.80 and a fifty-two week high of $4.02. The company has a market cap of $183.16 million, a PE ratio of -2.25 and a beta of 2.39. The business’s 50-day simple moving average is $1.20 and its two-hundred day simple moving average is $1.40.

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

Institutional Trading of Forge Global

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

Wall Street Analysts Forecast Growth

Separately, UBS Group raised shares of Forge Global from a “neutral” rating to a “buy” rating and set a $3.00 price objective for the company in a research report on Tuesday, September 3rd.

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.