AWM Investment Company Inc. Sells 3,722,535 Shares of Forge Global Holdings, Inc. $FRGE

AWM Investment Company Inc. decreased its holdings in shares of Forge Global Holdings, Inc. (NYSE:FRGE) by 94.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 206,392 shares of the company’s stock after selling 3,722,535 shares during the quarter. AWM Investment Company Inc. owned approximately 1.52% of Forge Global worth $3,930,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Forge Global in the second quarter worth about $47,000. Truist Financial Corp bought a new position in shares of Forge Global in the 2nd quarter valued at approximately $190,000. Brendel Financial Advisors LLC acquired a new stake in Forge Global in the 2nd quarter worth approximately $209,000. Valeo Financial Advisors LLC acquired a new stake in Forge Global in the 2nd quarter worth approximately $728,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Forge Global by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,888 shares of the company’s stock worth $39,000 after purchasing an additional 2,964 shares during the period. Institutional investors own 40.67% of the company’s stock.

Forge Global Stock Performance

Shares of NYSE:FRGE opened at $44.41 on Friday. The business has a fifty day moving average of $32.46 and a 200-day moving average of $22.91. Forge Global Holdings, Inc. has a twelve month low of $6.60 and a twelve month high of $44.76. The firm has a market cap of $603.91 million, a PE ratio of -8.54 and a beta of 2.18.

Analyst Ratings Changes

Several analysts recently issued reports on FRGE shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Forge Global in a report on Wednesday, October 8th. Citizens Jmp reiterated a “market perform” rating on shares of Forge Global in a report on Friday. UBS Group cut shares of Forge Global from a “buy” rating to a “neutral” rating and increased their target price for the company from $34.00 to $45.00 in a research note on Tuesday, November 11th. Piper Sandler downgraded shares of Forge Global from an “overweight” rating to a “neutral” rating and set a $45.00 price target on the stock. in a research note on Thursday, November 6th. Finally, Citigroup lowered Forge Global from an “outperform” rating to a “market perform” rating in a research note on Friday. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $42.00.

Forge Global Company 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.