Insider Selling: Forge Global Holdings, Inc. (NYSE:FRGE) CRO Sells 159,108 Shares of Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CRO Jennifer Phillips sold 159,108 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $1.00, for a total transaction of $159,108.00. Following the sale, the executive now directly owns 604,728 shares in the company, valued at $604,728. The trade was a 20.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Jennifer Phillips also recently made the following trade(s):

• On Wednesday, December 18th, Jennifer Phillips sold 1,400 shares of Forge Global stock. The shares were sold at an average price of $1.00, for a total value of $1,400.00.
• On Monday, December 2nd, Jennifer Phillips sold 50,000 shares of Forge Global stock. The shares were sold at an average price of $1.07, for a total value of $53,500.00.

Forge Global Price Performance

Shares of NYSE:FRGE opened at $0.99 on Friday. The firm has a fifty day moving average price of $0.85 and a two-hundred day moving average price of $1.10. The company has a market cap of $184.36 million, a price-to-earnings ratio of -2.30 and a beta of 2.30. Forge Global Holdings, Inc. has a one year low of $0.70 and a one year high of $3.56.

Institutional Investors Weigh In On Forge Global

Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its stake in Forge Global by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 2,651,436 shares of the company’s stock worth $2,469,000 after acquiring an additional 31,550 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Forge Global by 0.6% during the 4th quarter. Wells Fargo & Company MN now owns 2,583,455 shares of the company’s stock valued at $2,405,000 after acquiring an additional 15,695 shares during the last quarter. State Street Corp grew its holdings in shares of Forge Global by 1.2% during the third quarter. State Street Corp now owns 2,263,898 shares of the company’s stock worth $2,966,000 after purchasing an additional 25,833 shares in the last quarter. Northern Trust Corp increased its position in shares of Forge Global by 14.6% in the fourth quarter. Northern Trust Corp now owns 1,069,884 shares of the company’s stock worth $996,000 after purchasing an additional 135,946 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Forge Global by 4.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 965,837 shares of the company’s stock valued at $1,265,000 after purchasing an additional 36,913 shares in the last quarter. Institutional investors own 40.67% of the company’s stock.

Analyst Ratings Changes

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

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.