Goldman Sachs Group Inc. Has $212,000 Stock Holdings in Forge Global Holdings, Inc. $FRGE

Goldman Sachs Group Inc. decreased its stake in Forge Global Holdings, Inc. (NYSE:FRGE) by 28.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 377,237 shares of the company’s stock after selling 150,318 shares during the quarter. Goldman Sachs Group Inc. owned 3.06% of Forge Global worth $212,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Forge Global by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,888 shares of the company’s stock valued at $39,000 after buying an additional 2,964 shares during the period. Interval Partners LP lifted its stake in Forge Global by 1.2% in the first quarter. Interval Partners LP now owns 308,388 shares of the company’s stock valued at $173,000 after buying an additional 3,578 shares during the period. AQR Capital Management LLC lifted its stake in Forge Global by 305.0% in the first quarter. AQR Capital Management LLC now owns 194,616 shares of the company’s stock valued at $109,000 after buying an additional 146,565 shares during the period. AWM Investment Company Inc. lifted its stake in Forge Global by 793.9% in the first quarter. AWM Investment Company Inc. now owns 3,928,927 shares of the company’s stock valued at $2,208,000 after buying an additional 3,489,424 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new position in Forge Global in the first quarter valued at about $1,119,000. Institutional investors and hedge funds own 40.67% of the company’s stock.

Insider Buying and Selling

In other news, CFO James Nevin bought 1,950 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The shares were acquired at an average price of $22.65 per share, with a total value of $44,167.50. Following the transaction, the chief financial officer owned 24,124 shares in the company, valued at $546,408.60. This represents a 8.79% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kelly Rodriques sold 3,530 shares of Forge Global stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $19.71, for a total value of $69,576.30. Following the completion of the sale, the chief executive officer directly owned 572,332 shares in the company, valued at approximately $11,280,663.72. This represents a 0.61% decrease in their position. The disclosure for this sale can be found here. 4.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on FRGE shares. UBS Group increased their target price on Forge Global from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Wall Street Zen lowered Forge Global from a “hold” rating to a “sell” rating in a research note on Friday, July 18th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $35.50.

Forge Global Price Performance

NYSE FRGE opened at $15.83 on Monday. The stock’s 50-day moving average is $18.85 and its 200-day moving average is $15.46. Forge Global Holdings, Inc. has a one year low of $6.60 and a one year high of $24.90. The firm has a market cap of $215.25 million, a P/E ratio of -2.97 and a beta of 2.28.

Forge Global (NYSE:FRGE) last announced its earnings results on Wednesday, July 30th. The company reported ($0.99) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.16) by $0.17. Forge Global had a negative return on equity of 28.21% and a negative net margin of 73.62%.The business had revenue of $27.74 million for the quarter, compared to analyst estimates of $21.00 million. Equities analysts anticipate that Forge Global Holdings, Inc. will post -0.37 EPS for the current year.

Forge Global Profile

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.