Forge Global Holdings, Inc. (NYSE:FRGE) CEO Sells $38,277.52 in Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 20,803 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $1.84, for a total transaction of $38,277.52. Following the transaction, the chief executive officer now owns 10,437,708 shares in the company, valued at $19,205,382.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, March 4th, Kelly Rodriques sold 27,566 shares of Forge Global stock. The stock was sold at an average price of $1.98, for a total transaction of $54,580.68.
• On Friday, March 1st, Kelly Rodriques sold 22,434 shares of Forge Global stock. The stock was sold at an average price of $2.00, for a total transaction of $44,868.00.
• On Tuesday, February 6th, Kelly Rodriques sold 24,818 shares of Forge Global stock. The stock was sold at an average price of $1.77, for a total transaction of $43,927.86.

Forge Global Trading Down 0.5 %

FRGE opened at $1.86 on Friday. Forge Global Holdings, Inc. has a twelve month low of $1.10 and a twelve month high of $4.02. The company’s 50-day moving average price is $1.99 and its two-hundred day moving average price is $2.43.

Forge Global (NYSE:FRGE) last released its earnings results on Tuesday, March 26th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). Forge Global had a negative net margin of 129.22% and a negative return on equity of 29.03%. The company had revenue of $19.06 million during the quarter, compared to analysts’ expectations of $20.01 million. Sell-side analysts expect that Forge Global Holdings, Inc. will post -0.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FRGE. Oppenheimer restated an “outperform” rating and set a $3.50 price target on shares of Forge Global in a report on Wednesday, March 27th. JMP Securities reiterated a “market outperform” rating and issued a $7.00 target price on shares of Forge Global in a research note on Tuesday, April 9th.

Institutional Trading of Forge Global

Several hedge funds and other institutional investors have recently modified their holdings of the business. Citigroup Inc. bought a new stake in shares of Forge Global in the first quarter valued at approximately $28,000. Penserra Capital Management LLC bought a new stake in shares of Forge Global in the first quarter valued at approximately $193,000. Rhumbline Advisers raised its position in shares of Forge Global by 4.6% in the third quarter. Rhumbline Advisers now owns 130,470 shares of the company’s stock valued at $265,000 after purchasing an additional 5,703 shares during the period. Wells Fargo & Company MN raised its position in shares of Forge Global by 0.3% in the fourth quarter. Wells Fargo & Company MN now owns 2,548,972 shares of the company’s stock valued at $8,743,000 after purchasing an additional 6,487 shares during the period. Finally, State Street Corp raised its position in shares of Forge Global by 2.0% in the third quarter. State Street Corp now owns 334,117 shares of the company’s stock valued at $585,000 after purchasing an additional 6,500 shares during the period. 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.