Piper Sandler Begins Coverage on Forge Global (NYSE:FRGE)

Piper Sandler assumed coverage on shares of Forge Global (NYSE:FRGEGet Rating) in a research report report published on Tuesday morning, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $1.75 target price on the stock.

A number of other equities research analysts also recently commented on the company. William Blair assumed coverage on Forge Global in a report on Friday, August 26th. They set a market perform rating for the company. JMP Securities assumed coverage on Forge Global in a report on Friday, August 26th. They issued an outperform rating and a $10.00 price target for the company.

Forge Global Stock Down 3.4 %

Forge Global stock opened at $1.41 on Tuesday. Forge Global has a 52 week low of $1.29 and a 52 week high of $47.50. The stock has a 50-day moving average price of $1.79 and a 200 day moving average price of $7.06.

Insider Buying and Selling at Forge Global

In other Forge Global news, Director Kimberley H. Vogel bought 30,303 shares of Forge Global stock in a transaction dated Friday, November 11th. The stock was acquired at an average cost of $1.65 per share, with a total value of $49,999.95. Following the purchase, the director now directly owns 54,303 shares in the company, valued at approximately $89,599.95. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other news, Director Kimberley H. Vogel purchased 33,000 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The stock was purchased at an average cost of $1.51 per share, for a total transaction of $49,830.00. Following the completion of the transaction, the director now owns 33,000 shares of the company’s stock, valued at $49,830. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kimberley H. Vogel purchased 30,303 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The shares were purchased at an average price of $1.65 per share, with a total value of $49,999.95. Following the completion of the transaction, the director now directly owns 54,303 shares of the company’s stock, valued at approximately $89,599.95. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 67,662 shares of company stock valued at $108,548.

Institutional Trading of Forge Global

Several large investors have recently made changes to their positions in FRGE. Citigroup Inc. purchased a new stake in shares of Forge Global during the first quarter worth approximately $28,000. Two Sigma Investments LP purchased a new stake in shares of Forge Global during the third quarter worth approximately $36,000. Clearstead Advisors LLC purchased a new stake in shares of Forge Global during the third quarter worth approximately $46,000. S&CO Inc. purchased a new stake in shares of Forge Global during the third quarter worth approximately $51,000. Finally, ExodusPoint Capital Management LP purchased a new stake in shares of Forge Global during the third quarter worth approximately $80,000. 24.22% of the stock is currently owned by hedge funds and other institutional investors.

About Forge Global

(Get Rating)

Forge Global Holdings, Inc provides marketplace infrastructure, data services, and technology solutions for private market participants. It enables private company shareholders to trade private company shares with accredited investors. The company was founded in 2014 and is based in San Francisco, California.

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