Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques Sells 25,000 Shares

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 25,000 shares of Forge Global stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $0.82, for a total value of $20,500.00. Following the transaction, the chief executive officer now owns 8,386,112 shares of the company’s stock, valued at $6,876,611.84. The trade was a 0.30 % 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 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 transaction 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 Stock Up 2.2 %

Shares of NYSE FRGE opened at $0.97 on Thursday. The stock’s fifty day moving average price is $1.22 and its two-hundred day moving average price is $1.41. Forge Global Holdings, Inc. has a one year low of $0.80 and a one year high of $4.02.

Forge Global (NYSE:FRGE) last released 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 return on equity of 29.04% and a negative net margin of 95.85%. The business had revenue of $19.22 million for the quarter, compared to the consensus estimate of $22.80 million. Equities research analysts expect that Forge Global Holdings, Inc. will post -0.37 EPS for the current year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Forge Global

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in Forge Global in the third quarter valued at about $32,000. Norden Group LLC acquired a new position in shares of Forge Global in the 2nd quarter valued at approximately $53,000. Miracle Mile Advisors LLC raised its position in shares of Forge Global by 166.7% in the 2nd quarter. Miracle Mile Advisors LLC now owns 40,000 shares of the company’s stock valued at $58,000 after buying an additional 25,000 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Forge Global by 29.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,686 shares of the company’s stock worth $66,000 after acquiring an additional 7,663 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Forge Global by 23.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,008 shares of the company’s stock worth $72,000 after acquiring an additional 9,406 shares in the last quarter. 40.67% of the stock is currently owned by institutional investors and hedge funds.

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.