Drew Sievers Sells 11,042 Shares of Forge Global Holdings, Inc. (NYSE:FRGE) Stock

Forge Global Holdings, Inc. (NYSE:FRGE) COO Drew Sievers sold 11,042 shares of Forge Global stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1.36, for a total transaction of $15,017.12. Following the transaction, the chief operating officer now owns 800,320 shares of the company’s stock, valued at $1,088,435.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Drew Sievers also recently made the following trade(s):

• On Thursday, August 15th, Drew Sievers sold 24,051 shares of Forge Global stock. The shares were sold at an average price of $1.30, for a total transaction of $31,266.30.

Forge Global Price Performance

FRGE opened at $1.37 on Friday. The firm’s fifty day moving average price is $1.39 and its two-hundred day moving average price is $1.65. The company has a market capitalization of $248.02 million, a price-to-earnings ratio of -2.74 and a beta of 2.38. Forge Global Holdings, Inc. has a 1 year low of $1.17 and a 1 year high of $4.02.

Forge Global (NYSE:FRGE) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.04. The business had revenue of $22.28 million for the quarter, compared to analysts’ expectations of $20.24 million. Forge Global had a negative net margin of 96.65% and a negative return on equity of 27.75%. During the same period in the previous year, the company earned ($0.12) earnings per share. As a group, equities analysts anticipate that Forge Global Holdings, Inc. will post -0.34 EPS for the current year.

Hedge Funds Weigh In On Forge Global

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Forge Global by 1.7% during the first quarter. Vanguard Group Inc. now owns 5,539,496 shares of the company’s stock worth $10,691,000 after acquiring an additional 93,139 shares during the period. Wells Fargo & Company MN raised its stake in shares of Forge Global by 0.3% during the 4th quarter. Wells Fargo & Company MN now owns 2,548,972 shares of the company’s stock worth $8,743,000 after purchasing an additional 6,487 shares during the period. Bank of New York Mellon Corp raised its stake in shares of 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 purchasing an additional 70,058 shares during the period. Interval Partners LP purchased a new position in shares of Forge Global in the 2nd quarter worth about $373,000. Finally, Swiss National Bank bought a new position in Forge Global during the fourth quarter valued at about $766,000. 40.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, UBS Group raised 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.