Forge Global Holdings, Inc. (NYSE:FRGE) CEO Sells $32,369.70 in Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 31,735 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $1.02, for a total transaction of $32,369.70. Following the completion of the transaction, the chief executive officer now directly owns 8,354,377 shares of the company’s stock, valued at $8,521,464.54. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, December 4th, Kelly Rodriques sold 7,130 shares of Forge Global stock. The shares were sold at an average price of $1.02, for a total transaction of $7,272.60.
• 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 transaction 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 transaction of $22,000.00.
• On Tuesday, October 15th, Kelly Rodriques sold 50,000 shares of Forge Global stock. The shares were sold at an average price of $1.33, for a total transaction of $66,500.00.
• On Monday, September 16th, Kelly Rodriques sold 18,405 shares of Forge Global stock. The shares were sold at an average price of $1.36, for a total transaction of $25,030.80.
• On Wednesday, September 11th, Kelly Rodriques sold 40,000 shares of Forge Global stock. The shares were sold at an average price of $1.28, for a total transaction of $51,200.00.
• On Thursday, September 5th, Kelly Rodriques sold 60,000 shares of Forge Global stock. The stock was sold at an average price of $1.29, for a total transaction of $77,400.00.

Forge Global Price Performance

FRGE opened at $0.99 on Thursday. Forge Global Holdings, Inc. has a 12-month low of $0.80 and a 12-month high of $4.02. The firm has a 50 day moving average of $1.15 and a two-hundred day moving average of $1.35.

Forge Global (NYSE:FRGE) last posted its quarterly 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). The business had revenue of $19.22 million for the quarter, compared to analysts’ expectations of $22.80 million. Forge Global had a negative return on equity of 29.04% and a negative net margin of 95.85%. As a group, sell-side analysts predict that Forge Global Holdings, Inc. will post -0.37 earnings per share for the current year.

Analyst Ratings Changes

Separately, UBS Group raised shares of Forge Global from a “neutral” rating to a “buy” rating and set a $3.00 price target for the company in a research report on Tuesday, September 3rd.

Hedge Funds Weigh In On Forge Global

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of Forge Global during the 3rd quarter valued at approximately $32,000. Norden Group LLC purchased a new position in shares of Forge Global during the 2nd quarter valued at approximately $53,000. Miracle Mile Advisors LLC increased its holdings in shares of Forge Global by 166.7% during the 2nd quarter. Miracle Mile Advisors LLC now owns 40,000 shares of the company’s stock valued at $58,000 after purchasing an additional 25,000 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Forge Global by 29.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,686 shares of the company’s stock valued at $66,000 after purchasing an additional 7,663 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Forge Global by 23.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,008 shares of the company’s stock valued at $72,000 after purchasing an additional 9,406 shares in the last quarter. 40.67% of the stock is owned by hedge funds and other institutional investors.

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.