Forge Global Holdings, Inc. (NYSE:FRGE) CEO Sells $67,202.48 in Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 35,746 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $1.88, for a total transaction of $67,202.48. Following the transaction, the chief executive officer now directly owns 10,401,962 shares in the company, valued at $19,555,688.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, April 16th, Kelly Rodriques sold 20,803 shares of Forge Global stock. The stock was sold at an average price of $1.84, for a total transaction of $38,277.52.
• On Monday, March 4th, Kelly Rodriques sold 27,566 shares of Forge Global stock. The shares were 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 value 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 value of $43,927.86.

Forge Global Stock Performance

NYSE FRGE opened at $1.95 on Friday. The firm has a market capitalization of $351.80 million, a PE ratio of -3.75 and a beta of 2.54. Forge Global Holdings, Inc. has a one year low of $1.10 and a one year high of $4.02. The company has a 50-day simple moving average of $1.99 and a 200-day simple moving average of $2.41.

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

Wall Street Analyst Weigh In

Several analysts have issued reports on FRGE shares. Oppenheimer restated an “outperform” rating and set a $3.50 price objective on shares of Forge Global in a research note on Wednesday, March 27th. JMP Securities reissued a “market outperform” rating and set a $7.00 price target on shares of Forge Global in a research report on Tuesday, April 9th.

Institutional Investors Weigh In On Forge Global

Large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its holdings in shares of Forge Global by 0.3% during the fourth quarter. Wells Fargo & Company MN now owns 2,548,972 shares of the company’s stock valued at $8,743,000 after acquiring an additional 6,487 shares during the period. Abacus Wealth Partners LLC boosted its stake in Forge Global by 107.3% during the 4th quarter. Abacus Wealth Partners LLC now owns 942,866 shares of the company’s stock valued at $3,234,000 after purchasing an additional 487,959 shares during the period. Summit Trail Advisors LLC grew its position in Forge Global by 8.8% in the 4th quarter. Summit Trail Advisors LLC now owns 321,667 shares of the company’s stock worth $1,103,000 after purchasing an additional 26,000 shares during the last quarter. Swiss National Bank bought a new position in Forge Global in the 4th quarter worth about $766,000. Finally, Virtu Financial LLC acquired a new stake in shares of Forge Global in the fourth quarter valued at approximately $289,000. 40.67% of the stock is owned by institutional investors and hedge funds.

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.