Forge Global (NYSE:FRGE) Shares Gap Up to $3.89

Shares of Forge Global Holdings, Inc. (NYSE:FRGEGet Rating) gapped up before the market opened on Thursday . The stock had previously closed at $3.89, but opened at $4.02. Forge Global shares last traded at $3.96, with a volume of 7,788 shares trading hands.

Analyst Ratings Changes

A number of analysts have commented on FRGE shares. William Blair started coverage on shares of Forge Global in a research note on Friday, August 26th. They set a “market perform” rating for the company. JMP Securities started coverage on shares of Forge Global in a research note on Friday, August 26th. They set an “outperform” rating and a $10.00 price target for the company.

Forge Global Stock Performance

The stock’s 50 day simple moving average is $5.15.

Institutional Trading of Forge Global

Several institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. bought a new stake in shares of Forge Global in the 2nd quarter worth $365,000. State Street Corp grew its stake in shares of Forge Global by 4,042.9% in the 2nd quarter. State Street Corp now owns 327,617 shares of the company’s stock worth $3,410,000 after acquiring an additional 319,709 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Forge Global in the 2nd quarter worth $753,000. Renaissance Technologies LLC grew its stake in shares of Forge Global by 15.2% in the 2nd quarter. Renaissance Technologies LLC now owns 82,500 shares of the company’s stock worth $859,000 after acquiring an additional 10,900 shares in the last quarter. Finally, Northern Trust Corp bought a new position in Forge Global during the second quarter valued at about $1,790,000. Institutional investors own 24.22% of the company’s stock.

About Forge Global

(Get Rating)

Forge Global Holdings, Inc provides marketplace infrastructure, data services, and technology solutions for private market participants. It enables private company shareholders to trade private company shares with accredited investors. The company was founded in 2014 and is based in San Francisco, California.

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