Insider Selling: Forge Global Holdings, Inc. (NYSE:FRGE) CEO Sells 25,000 Shares of Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 25,000 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $0.82, for a total transaction of $20,500.00. Following the sale, the chief executive officer now directly owns 8,386,112 shares of the company’s stock, valued at approximately $6,876,611.84. The trade was a 0.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 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.
• 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 value 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 value 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 Trading Up 14.6 %

Shares of FRGE opened at $0.95 on Wednesday. The business’s 50 day moving average is $1.23 and its 200 day moving average is $1.41. Forge Global Holdings, Inc. has a 12-month low of $0.80 and a 12-month high of $4.02. The company has a market capitalization of $175.21 million, a PE ratio of -2.20 and a beta of 2.39.

Forge Global (NYSE:FRGE) last released its earnings results on Wednesday, November 6th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The company had revenue of $19.22 million during 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%. Equities research analysts predict that Forge Global Holdings, Inc. will post -0.37 earnings per share for the current year.

Institutional Investors Weigh In On Forge Global

Several large investors have recently made changes to their positions in FRGE. SG Americas Securities LLC bought a new position in Forge Global during the third quarter valued at approximately $32,000. Norden Group LLC bought a new position in shares of Forge Global during the 2nd quarter valued at approximately $53,000. Miracle Mile Advisors LLC grew its holdings in shares of Forge Global by 166.7% in the second 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 position in 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 worth $66,000 after purchasing an additional 7,663 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Forge Global by 23.8% during the second 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 during the last quarter. 40.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, UBS Group raised shares of 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.

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.