Insider Selling: Forge Global Holdings, Inc. (NYSE:FRGE) CEO Sells $26,000.00 in Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 25,000 shares of Forge Global stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $1.04, for a total value of $26,000.00. Following the transaction, the chief executive officer now owns 8,153,110 shares of the company’s stock, valued at $8,479,234.40. The trade was a 0.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, December 4th, Kelly Rodriques sold 7,130 shares of Forge Global stock. The stock was sold at an average price of $1.02, for a total value of $7,272.60.
• On Monday, December 2nd, Kelly Rodriques sold 31,735 shares of Forge Global stock. The stock was sold at an average price of $1.02, for a total value of $32,369.70.
• On Monday, November 18th, Kelly Rodriques sold 25,000 shares of Forge Global stock. The stock was sold at an average price of $0.82, for a total value of $20,500.00.
• On Friday, November 15th, Kelly Rodriques sold 25,000 shares of Forge Global stock. The stock was sold at an average price of $0.88, for a total value of $22,000.00.
• On Tuesday, October 15th, Kelly Rodriques sold 50,000 shares of Forge Global stock. The stock was sold at an average price of $1.33, for a total value of $66,500.00.

Forge Global Stock Performance

Shares of FRGE stock opened at $0.92 on Friday. The stock’s fifty day moving average price is $1.11 and its two-hundred day moving average price is $1.30. The company has a market cap of $170.45 million, a PE ratio of -2.14 and a beta of 2.30. Forge Global Holdings, Inc. has a fifty-two week low of $0.80 and a fifty-two week high of $4.02.

Forge Global (NYSE:FRGE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). Forge Global had a negative net margin of 95.85% and a negative return on equity of 29.04%. The firm had revenue of $19.22 million during the quarter, compared to the consensus estimate of $22.80 million. On average, equities analysts predict that Forge Global Holdings, Inc. will post -0.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Geode Capital Management LLC raised its position in Forge Global by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,619,886 shares of the company’s stock worth $3,433,000 after purchasing an additional 18,913 shares during the last quarter. State Street Corp raised its position in Forge Global by 1.2% during the 3rd quarter. State Street Corp now owns 2,263,898 shares of the company’s stock worth $2,966,000 after purchasing an additional 25,833 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Forge Global by 4.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 965,837 shares of the company’s stock worth $1,265,000 after purchasing an additional 36,913 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Forge Global by 23.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 373,341 shares of the company’s stock worth $545,000 after acquiring an additional 70,058 shares during the period. Finally, Interval Partners LP acquired a new stake in Forge Global during the 2nd quarter worth about $373,000. 40.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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.