Insider Selling: Forge Global Holdings, Inc. (NYSE:FRGE) CEO Sells 33,762 Shares of Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 33,762 shares of Forge Global stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $1.81, for a total value of $61,109.22. Following the completion of the sale, the chief executive officer now owns 10,310,574 shares of the company’s stock, valued at approximately $18,662,138.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Wednesday, May 1st, Kelly Rodriques sold 35,746 shares of Forge Global stock. The stock was sold at an average price of $1.88, for a total transaction of $67,202.48.
• 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.

Forge Global Trading Down 0.6 %

FRGE opened at $1.71 on Friday. Forge Global Holdings, Inc. has a 52-week low of $1.25 and a 52-week high of $4.02. The company has a 50 day moving average of $1.96 and a two-hundred day moving average of $2.35.

Forge Global (NYSE:FRGE) last posted its earnings results on Tuesday, March 26th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.03). Forge Global had a negative net margin of 119.12% and a negative return on equity of 29.55%. The business had revenue of $19.06 million for the quarter, compared to analyst estimates of $20.01 million. On average, research analysts expect that Forge Global Holdings, Inc. will post -0.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Forge Global

Several hedge funds have recently modified their holdings of FRGE. Wells Fargo & Company MN grew its position in Forge Global by 0.3% in 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its stake 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 during the period. SG Americas Securities LLC grew its holdings in Forge Global by 17.5% during the 4th quarter. SG Americas Securities LLC now owns 51,810 shares of the company’s stock valued at $178,000 after purchasing an additional 7,720 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Forge Global by 177.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 15,725 shares of the company’s stock worth $54,000 after buying an additional 10,058 shares during the period. Finally, Miracle Mile Advisors LLC purchased a new position in Forge Global in the 1st quarter valued at about $29,000. 40.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.