Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques Sells 85,000 Shares

Forge Global Holdings, Inc. (NYSE:FRGEGet Free Report) CEO Kelly Rodriques sold 85,000 shares of the stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $1.39, for a total value of $118,150.00. Following the transaction, the chief executive officer now directly owns 10,009,551 shares in the company, valued at approximately $13,913,275.89. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

  • On Monday, July 8th, Kelly Rodriques sold 65,000 shares of Forge Global stock. The stock was sold at an average price of $1.42, for a total value of $92,300.00.
  • On Monday, June 3rd, Kelly Rodriques sold 25,000 shares of Forge Global stock. The shares were sold at an average price of $1.53, for a total transaction of $38,250.00.
  • On Wednesday, May 22nd, Kelly Rodriques sold 33,762 shares of Forge Global stock. The stock was sold at an average price of $1.81, for a total transaction of $61,109.22.
  • On Wednesday, May 1st, Kelly Rodriques sold 35,746 shares of Forge Global stock. The stock was sold at an average price of $1.88, for a total transaction of $67,202.48.
  • On Tuesday, April 16th, Kelly Rodriques sold 20,803 shares of Forge Global stock. The stock was sold at an average price of $1.84, for a total value of $38,277.52.

Forge Global Trading Down 0.7 %

Shares of FRGE stock opened at $1.39 on Thursday. The company has a market capitalization of $251.65 million, a P/E ratio of -2.78 and a beta of 2.39. Forge Global Holdings, Inc. has a 12 month low of $1.31 and a 12 month high of $4.02. The stock has a 50 day moving average of $1.63 and a two-hundred day moving average of $1.98.

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%. Sell-side analysts predict that Forge Global Holdings, Inc. will post -0.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

FRGE has been the topic of a number of research reports. 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 restated an “outperform” rating and set a $3.50 price objective on shares of Forge Global in a report on Wednesday, March 27th.

Read Our Latest Stock Analysis on FRGE

Institutional Trading of Forge Global

Several institutional investors have recently made changes to their positions in FRGE. Abacus Wealth Partners LLC grew its stake in Forge Global by 107.3% during the fourth quarter. Abacus Wealth Partners LLC now owns 942,866 shares of the company’s stock worth $3,234,000 after buying an additional 487,959 shares during the last quarter. Swiss National Bank bought a new stake in Forge Global during the 4th quarter worth approximately $766,000. First Eagle Investment Management LLC acquired a new stake in Forge Global during the 1st quarter valued at $261,000. Vanguard Group Inc. increased its holdings in Forge Global by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 5,539,496 shares of the company’s stock valued at $10,691,000 after purchasing an additional 93,139 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in Forge Global in the 4th quarter valued at $289,000. 40.67% of the stock is currently owned by institutional investors and hedge funds.

About Forge Global

(Get 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.

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Insider Buying and Selling by Quarter for Forge Global (NYSE:FRGE)

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