Kelly Rodriques Sells 25,000 Shares of Forge Global Holdings, Inc. (NYSE:FRGE) Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $1.04, for a total value of $26,000.00. Following the completion of the sale, the chief executive officer now directly owns 8,153,110 shares in the company, valued at approximately $8,479,234.40. The trade was a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, December 4th, Kelly Rodriques sold 7,130 shares of Forge Global stock. The shares were sold at an average price of $1.02, for a total value of $7,272.60.
• On Monday, December 2nd, Kelly Rodriques sold 31,735 shares of Forge Global stock. The stock was sold at an average price of $1.02, for a total transaction of $32,369.70.
• On Monday, November 18th, Kelly Rodriques sold 25,000 shares of Forge Global stock. The shares were sold at an average price of $0.82, for a total transaction of $20,500.00.
• On Friday, November 15th, Kelly Rodriques sold 25,000 shares of Forge Global stock. The stock was sold at an average price of $0.88, for a total transaction of $22,000.00.
• On Tuesday, October 15th, Kelly Rodriques sold 50,000 shares of Forge Global stock. The stock was sold at an average price of $1.33, for a total value of $66,500.00.

Forge Global Stock Performance

NYSE FRGE opened at $0.90 on Thursday. The firm has a market cap of $166.51 million, a price-to-earnings ratio of -2.09 and a beta of 2.30. The firm has a 50 day simple moving average of $1.11 and a 200-day simple moving average of $1.30. Forge Global Holdings, Inc. has a one year low of $0.80 and a one year high of $4.02.

Forge Global (NYSE:FRGE) last posted its earnings results on Wednesday, November 6th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The business had revenue of $19.22 million for the quarter, compared to analysts’ expectations of $22.80 million. Forge Global had a negative return on equity of 29.04% and a negative net margin of 95.85%. Equities analysts predict that Forge Global Holdings, Inc. will post -0.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Forge Global

Several large investors have recently bought and sold shares of FRGE. SG Americas Securities LLC purchased a new stake in shares of Forge Global in the 3rd quarter valued at about $32,000. Norden Group LLC purchased a new stake in Forge Global in the second quarter valued at approximately $53,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Forge Global by 29.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 33,686 shares of the company’s stock valued at $66,000 after acquiring an additional 7,663 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Forge Global by 23.8% during the second quarter. The Manufacturers Life Insurance Company now owns 49,008 shares of the company’s stock worth $72,000 after acquiring an additional 9,406 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Forge Global by 42.2% in the 2nd quarter. Renaissance Technologies LLC now owns 49,900 shares of the company’s stock valued at $73,000 after acquiring an additional 14,800 shares during the period. Institutional investors and hedge funds own 40.67% of the company’s stock.

Analysts Set New Price Targets

Separately, UBS Group upgraded Forge Global from a “neutral” rating to a “buy” rating and set a $3.00 target price on the stock in a research report on Tuesday, September 3rd.

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.