Swiss National Bank Acquires New Holdings in Forge Global Holdings, Inc. (NYSE:FRGE)

Swiss National Bank acquired a new stake in shares of Forge Global Holdings, Inc. (NYSE:FRGEFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 223,285 shares of the company’s stock, valued at approximately $766,000. Swiss National Bank owned approximately 0.13% of Forge Global as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FRGE. Ausdal Financial Partners Inc. acquired a new position in Forge Global during the fourth quarter valued at approximately $71,000. SG Americas Securities LLC grew its holdings in Forge Global by 17.5% during the fourth quarter. SG Americas Securities LLC now owns 51,810 shares of the company’s stock valued at $178,000 after purchasing an additional 7,720 shares during the last quarter. Arizona State Retirement System acquired a new position in Forge Global during the fourth quarter valued at approximately $109,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Forge Global in the fourth quarter worth $134,000. Institutional investors own 40.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FRGE. Oppenheimer restated an “outperform” rating and issued a $3.50 price objective on shares of Forge Global in a research note on Wednesday, March 27th. JMP Securities restated a “market outperform” rating and issued a $7.00 price objective on shares of Forge Global in a research note on Tuesday, April 9th.

Get Our Latest Research Report on Forge Global

Insider Buying and Selling

In related news, CEO Kelly Rodriques sold 33,762 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $1.81, for a total value of $61,109.22. Following the completion of the transaction, the chief executive officer now directly owns 10,310,574 shares of the company’s stock, valued at $18,662,138.94. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 117,877 shares of company stock valued at $221,170 over the last ninety days. 9.84% of the stock is owned by company insiders.

Forge Global Price Performance

Shares of FRGE stock opened at $1.57 on Friday. The stock has a market cap of $284.23 million, a P/E ratio of -3.14 and a beta of 2.54. Forge Global Holdings, Inc. has a one year low of $1.32 and a one year high of $4.02. The stock has a fifty day moving average price of $1.92 and a 200 day moving average price of $2.32.

Forge Global (NYSE:FRGEGet Free Report) last issued its earnings results on Tuesday, May 7th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.02. The firm had revenue of $19.24 million during the quarter, compared to analysts’ expectations of $19.88 million. Forge Global had a negative return on equity of 29.55% and a negative net margin of 119.12%. Equities research analysts anticipate that Forge Global Holdings, Inc. will post -0.42 EPS for the current year.

Forge Global Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Forge Global (NYSE:FRGE)

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