Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques Sells 20,803 Shares

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 20,803 shares of Forge Global stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $1.84, for a total transaction of $38,277.52. Following the transaction, the chief executive officer now directly owns 10,437,708 shares of the company’s stock, valued at $19,205,382.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Monday, March 4th, Kelly Rodriques sold 27,566 shares of Forge Global stock. The stock was sold at an average price of $1.98, for a total transaction of $54,580.68.
• On Friday, March 1st, Kelly Rodriques sold 22,434 shares of Forge Global stock. The stock was sold at an average price of $2.00, for a total transaction of $44,868.00.
• On Tuesday, February 6th, Kelly Rodriques sold 24,818 shares of Forge Global stock. The stock was sold at an average price of $1.77, for a total transaction of $43,927.86.

Forge Global Trading Up 3.0 %

Shares of FRGE opened at $1.88 on Friday. Forge Global Holdings, Inc. has a 1-year low of $1.10 and a 1-year high of $4.02. The company has a 50-day moving average of $1.99 and a 200 day moving average of $2.43.

Forge Global (NYSE:FRGE) last announced its quarterly earnings data on Tuesday, March 26th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). Forge Global had a negative net margin of 129.22% and a negative return on equity of 29.03%. The company had revenue of $19.06 million for the quarter, compared to the consensus estimate of $20.01 million. Equities research analysts predict that Forge Global Holdings, Inc. will post -0.41 EPS for the current year.

Institutional Investors Weigh In On Forge Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. bought a new stake in shares of Forge Global in the 2nd quarter valued at about $25,000. Squarepoint Ops LLC bought a new stake in shares of Forge Global in the 1st quarter valued at about $25,000. Citigroup Inc. bought a new stake in shares of Forge Global in the 1st quarter valued at about $28,000. GTS Securities LLC bought a new stake in shares of Forge Global in the 2nd quarter valued at about $28,000. Finally, Royal Bank of Canada bought a new stake in shares of Forge Global in the 2nd quarter valued at about $28,000. Institutional investors own 40.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $7.00 price target on shares of Forge Global in a research note on Tuesday, April 9th. Oppenheimer reiterated an “outperform” rating and set a $3.50 price objective on shares of Forge Global in a report on Wednesday, March 27th.

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.