SG Americas Securities LLC Grows Stake in Forge Global Holdings, Inc. (NYSE:FRGE)

SG Americas Securities LLC boosted its position in shares of Forge Global Holdings, Inc. (NYSE:FRGE) by 17.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,810 shares of the company’s stock after purchasing an additional 7,720 shares during the quarter. SG Americas Securities LLC’s holdings in Forge Global were worth $178,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Ausdal Financial Partners Inc. purchased a new position in Forge Global during the 4th quarter worth $71,000. Vanguard Group Inc. boosted its position in Forge Global by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,162,675 shares of the company’s stock valued at $10,480,000 after acquiring an additional 20,361 shares in the last quarter. American Century Companies Inc. bought a new stake in Forge Global during the 3rd quarter valued at $97,000. Northern Trust Corp boosted its position in Forge Global by 5.1% during the 3rd quarter. Northern Trust Corp now owns 920,168 shares of the company’s stock valued at $1,868,000 after acquiring an additional 44,490 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Forge Global by 4.6% during the 3rd quarter. Rhumbline Advisers now owns 130,470 shares of the company’s stock valued at $265,000 after acquiring an additional 5,703 shares in the last quarter. 40.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FRGE shares. JMP Securities reaffirmed a “market outperform” rating and set a $7.00 target price on shares of Forge Global in a research report on Tuesday, April 9th. Oppenheimer reaffirmed an “outperform” rating and set a $3.50 target price on shares of Forge Global in a research report on Wednesday, March 27th.

Forge Global Price Performance

Forge Global stock opened at $2.02 on Monday. The stock has a market capitalization of $362.59 million, a price-to-earnings ratio of -3.88 and a beta of 2.57. Forge Global Holdings, Inc. has a 1-year low of $1.10 and a 1-year high of $4.02. The business has a fifty day moving average price of $1.97 and a 200-day moving average price of $2.44.

Insider Transactions at Forge Global

In other news, CEO Kelly Rodriques sold 27,566 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $1.98, for a total value of $54,580.68. Following the completion of the sale, the chief executive officer now owns 10,925,610 shares of the company’s stock, valued at approximately $21,632,707.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 74,818 shares of company stock valued at $143,377 in the last quarter. 11.26% of the stock is currently owned by corporate insiders.

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.