Insider Selling: Forge Global Holdings, Inc. (NYSE:FRGE) CEO Sells $25,030.80 in Stock

Posted by Micah Haroldson on Sep 21st, 2024

Forge Global Holdings, Inc. (NYSE:FRGE – Get Free Report) CEO Kelly Rodriques sold 18,405 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1.36, for a total transaction of $25,030.80. Following the completion of the transaction, the chief executive officer now directly owns 8,600,995 shares of the company’s stock, valued at $11,697,353.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

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 value of $77,400.00.
On Thursday, August 15th, Kelly Rodriques sold 40,084 shares of Forge Global stock. The shares were sold at an average price of $1.30, for a total value of $52,109.20.
On Monday, August 12th, Kelly Rodriques sold 108,646 shares of Forge Global stock. The stock was sold at an average price of $1.23, for a total transaction of $133,634.58.
On Friday, August 9th, Kelly Rodriques sold 24,562 shares of Forge Global stock. The shares were sold at an average price of $1.31, for a total transaction of $32,176.22.
On Monday, July 22nd, Kelly Rodriques sold 65,109 shares of Forge Global stock. The stock was sold at an average price of $1.46, for a total transaction of $95,059.14.
On Monday, July 15th, Kelly Rodriques sold 150,000 shares of Forge Global stock. The shares were sold at an average price of $1.42, for a total value of $213,000.00.
On Friday, July 12th, Kelly Rodriques sold 165,000 shares of Forge Global stock. The stock was sold at an average price of $1.41, for a total value of $232,650.00.
On Wednesday, July 10th, Kelly Rodriques sold 85,000 shares of Forge Global stock. The shares were sold at an average price of $1.39, for a total value of $118,150.00.
On Monday, July 8th, Kelly Rodriques sold 65,000 shares of Forge Global stock. The stock was sold at an average price of $1.42, for a total value of $92,300.00.

Forge Global Stock Performance

Shares of NYSE:FRGE opened at $1.29 on Friday. Forge Global Holdings, Inc. has a 52-week low of $1.17 and a 52-week high of $4.02. The company has a market capitalization of $233.54 million, a P/E ratio of -2.58 and a beta of 2.38. The company has a 50-day simple moving average of $1.39 and a 200 day simple moving average of $1.65.

Forge Global (NYSE:FRGE – Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.04. Forge Global had a negative return on equity of 27.75% and a negative net margin of 96.65%. The firm had revenue of $22.28 million for the quarter, compared to analyst estimates of $20.24 million. During the same quarter in the prior year, the company earned ($0.12) earnings per share. As a group, equities analysts forecast that Forge Global Holdings, Inc. will post -0.34 earnings per share for the current year.

Institutional Investors Weigh In On Forge Global

Several hedge funds have recently added to or reduced their stakes in FRGE. Miracle Mile Advisors LLC acquired a new position in shares of Forge Global in the first quarter valued at $29,000. Norden Group LLC bought a new stake in shares of Forge Global during the 2nd quarter worth about $53,000. Price T Rowe Associates Inc. MD grew its stake in Forge Global by 29.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,686 shares of the company’s stock valued at $66,000 after buying an additional 7,663 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings 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 acquiring an additional 9,406 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Forge Global by 42.2% during the second quarter. Renaissance Technologies LLC now owns 49,900 shares of the company’s stock worth $73,000 after acquiring an additional 14,800 shares during the last quarter. Institutional investors and hedge funds own 40.67% of the company’s stock.

Analyst Ratings Changes

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

View Our Latest Stock Analysis on Forge Global

Forge Global Company Profile

(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.