Forge Global Holdings, Inc. (NYSE:FRGE) CRO Sells $47,088.36 in Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CRO Jennifer Phillips sold 38,916 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $1.21, for a total transaction of $47,088.36. Following the transaction, the executive now owns 879,581 shares of the company’s stock, valued at approximately $1,064,293.01. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, October 22nd, Jennifer Phillips sold 50,000 shares of Forge Global stock. The stock was sold at an average price of $1.28, for a total value of $64,000.00.

Forge Global Stock Performance

Shares of Forge Global stock opened at $1.20 on Friday. The stock has a market capitalization of $218.88 million, a price-to-earnings ratio of -2.72 and a beta of 2.37. The firm’s 50-day moving average price is $1.33 and its two-hundred day moving average price is $1.52. Forge Global Holdings, Inc. has a 1-year low of $1.16 and a 1-year high of $4.02.

Forge Global (NYSE:FRGE) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.04. The firm had revenue of $22.28 million during the quarter, compared to analysts’ expectations of $20.24 million. Forge Global had a negative return on equity of 27.75% and a negative net margin of 96.65%. During the same period last year, the firm posted ($0.12) EPS. As a group, equities research analysts predict that Forge Global Holdings, Inc. will post -0.34 EPS for the current year.

Analyst Ratings Changes

Separately, UBS Group upgraded Forge Global from a “neutral” rating to a “buy” rating and set a $3.00 price objective for the company in a research note on Tuesday, September 3rd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Miracle Mile Advisors LLC acquired a new stake in Forge Global in the 1st quarter valued at about $29,000. SG Americas Securities LLC acquired a new stake in shares of Forge Global in the third quarter valued at approximately $32,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Forge Global by 29.4% in the first 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. Norden Group LLC bought a new position in Forge Global in the 2nd quarter worth approximately $53,000. Finally, The Manufacturers Life Insurance Company boosted its position in Forge Global by 23.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,008 shares of the company’s stock valued at $72,000 after buying an additional 9,406 shares during the last quarter. 40.67% of the stock is owned by 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.