Mutual of America Capital Management LLC purchased a new stake in ForgeRock, Inc. (NYSE:FORG – Get Rating) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 95,967 shares of the company’s stock, valued at approximately $2,056,000. Mutual of America Capital Management LLC owned 0.11% of ForgeRock at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Walleye Capital LLC bought a new position in ForgeRock in the 2nd quarter valued at $387,000. M&T Bank Corp purchased a new stake in shares of ForgeRock during the 2nd quarter valued at $534,000. OLD Mission Capital LLC purchased a new stake in shares of ForgeRock during the 2nd quarter valued at $396,000. Herald Investment Management Ltd raised its position in shares of ForgeRock by 105.1% during the 2nd quarter. Herald Investment Management Ltd now owns 80,000 shares of the company’s stock valued at $1,710,000 after buying an additional 41,000 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in shares of ForgeRock by 57.4% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 118,586 shares of the company’s stock valued at $2,540,000 after buying an additional 43,256 shares in the last quarter. 33.64% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the company. BTIG Research cut ForgeRock from a “buy” rating to a “neutral” rating in a report on Wednesday, October 12th. Truist Financial lowered shares of ForgeRock from a “buy” rating to a “hold” rating and upped their price target for the company from $23.00 to $23.25 in a research report on Thursday, October 13th. Canaccord Genuity Group downgraded ForgeRock from a “buy” rating to a “hold” rating in a report on Wednesday, October 12th. Mizuho lowered ForgeRock from a “buy” rating to a “neutral” rating and set a $23.00 target price for the company. in a research note on Wednesday, October 12th. Finally, William Blair lowered ForgeRock from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 13th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, ForgeRock has a consensus rating of “Hold” and an average price target of $22.91.
ForgeRock Trading Down 0.3 %
ForgeRock, Inc, together with its subsidiaries, operates a digital identity platform to secure, manage, and govern the identities of customers, employees, partners, application programing interfaces (APIs), microservices, devices, and the Internet of things worldwide. It offers identity management products to automate onboarding/registration and progressive profiling, identity lifecycle and relationship management, identity provisioning and synchronization, user self-service, personalization, delegation, and privacy and consent management.
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