Forge Global Holdings, Inc. (NYSE:FRGE) CEO Sells $118,150.00 in Stock

Forge Global Holdings, Inc. (NYSE:FRGEGet Free Report) CEO Kelly Rodriques sold 85,000 shares of the company’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $1.39, for a total value of $118,150.00. Following the sale, the chief executive officer now owns 10,009,551 shares in the company, valued at approximately $13,913,275.89. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Monday, July 8th, Kelly Rodriques sold 65,000 shares of Forge Global stock. The shares were sold at an average price of $1.42, for a total transaction of $92,300.00.
  • On Monday, June 3rd, Kelly Rodriques sold 25,000 shares of Forge Global stock. The shares were sold at an average price of $1.53, for a total transaction of $38,250.00.
  • On Wednesday, May 22nd, Kelly Rodriques sold 33,762 shares of Forge Global stock. The stock was sold at an average price of $1.81, for a total transaction of $61,109.22.
  • On Wednesday, May 1st, Kelly Rodriques sold 35,746 shares of Forge Global stock. The shares were 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 shares were sold at an average price of $1.84, for a total value of $38,277.52.

Forge Global Stock Down 0.7 %

Shares of FRGE traded down $0.01 on Wednesday, hitting $1.39. 273,281 shares of the stock traded hands, compared to its average volume of 646,510. The firm has a market capitalization of $251.65 million, a P/E ratio of -2.80 and a beta of 2.39. Forge Global Holdings, Inc. has a 1 year low of $1.31 and a 1 year high of $4.02. The stock’s 50 day moving average is $1.63 and its two-hundred day moving average is $1.98.

Forge Global (NYSE:FRGEGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.02. Forge Global had a negative net margin of 119.12% and a negative return on equity of 29.55%. The company had revenue of $19.24 million during the quarter, compared to the consensus estimate of $19.88 million. Research analysts forecast that Forge Global Holdings, Inc. will post -0.42 EPS for the current year.

Analysts Set New Price Targets

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

Check Out Our Latest Report on FRGE

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ausdal Financial Partners Inc. purchased a new position in shares of Forge Global during the 4th quarter valued at approximately $71,000. SG Americas Securities LLC boosted its stake 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 acquiring an additional 7,720 shares during the last quarter. Arizona State Retirement System acquired a new position in Forge Global during the 4th quarter worth $109,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Forge Global in the 4th quarter worth about $134,000. Finally, Swiss National Bank bought a new stake in shares of Forge Global in the 4th quarter worth about $766,000. 40.67% of the stock is currently owned by hedge funds and other institutional investors.

About Forge Global

(Get Free Report)

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.

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