Forge Global Holdings, Inc. (NYSE:FRGE) CEO Sells $40,000.00 in Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 50,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $0.80, for a total value of $40,000.00. Following the sale, the chief executive officer now owns 8,030,213 shares in the company, valued at $6,424,170.40. The trade was a 0.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, December 16th, Kelly Rodriques sold 25,000 shares of Forge Global stock. The stock was sold at an average price of $1.04, for a total value of $26,000.00.
• On Wednesday, December 4th, Kelly Rodriques sold 7,130 shares of Forge Global stock. The stock was 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 value 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 value of $20,500.00.
• On Friday, November 15th, Kelly Rodriques sold 25,000 shares of Forge Global stock. The shares were sold at an average price of $0.88, for a total value of $22,000.00.

Forge Global Stock Down 2.7 %

Forge Global stock opened at $0.78 on Friday. The business’s 50-day simple moving average is $0.94 and its 200 day simple moving average is $1.20. The stock has a market cap of $143.57 million, a price-to-earnings ratio of -1.80 and a beta of 2.33. Forge Global Holdings, Inc. has a 12-month low of $0.70 and a 12-month high of $3.56.

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

Hedge Funds Weigh In On Forge Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in Forge Global during the third quarter worth about $32,000. The Manufacturers Life Insurance Company boosted its holdings in 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 buying an additional 9,406 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Forge Global by 42.2% during the second quarter. Renaissance Technologies LLC now owns 49,900 shares of the company’s stock worth $73,000 after buying an additional 14,800 shares during the last quarter. Miracle Mile Advisors LLC boosted its holdings in Forge Global by 116.8% during the fourth quarter. Miracle Mile Advisors LLC now owns 86,700 shares of the company’s stock worth $81,000 after buying an additional 46,700 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in Forge Global during the third quarter worth about $96,000. Institutional investors own 40.67% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Forge Global in a report on Tuesday, January 7th.

About Forge Global

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.