Forge Global Holdings, Inc. (NYSE:FRGE) CRO Jennifer Phillips Sells 159,108 Shares

Forge Global Holdings, Inc. (NYSE:FRGE) CRO Jennifer Phillips sold 159,108 shares of Forge Global stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $1.00, for a total value of $159,108.00. Following the completion of the transaction, the executive now directly owns 604,728 shares of the company’s stock, valued at approximately $604,728. This trade represents a 20.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Jennifer Phillips also recently made the following trade(s):

• On Wednesday, December 18th, Jennifer Phillips sold 1,400 shares of Forge Global stock. The stock was sold at an average price of $1.00, for a total value of $1,400.00.
• On Monday, December 2nd, Jennifer Phillips sold 50,000 shares of Forge Global stock. The stock was sold at an average price of $1.07, for a total value of $53,500.00.

Forge Global Stock Up 0.7 %

NYSE:FRGE opened at $0.99 on Thursday. Forge Global Holdings, Inc. has a twelve month low of $0.70 and a twelve month high of $3.56. The stock has a market cap of $183.53 million, a P/E ratio of -2.31 and a beta of 2.30. The business’s 50-day moving average price is $0.85 and its two-hundred day moving average price is $1.10.

Institutional Trading of Forge Global

Several institutional investors and hedge funds have recently made changes to their positions in FRGE. ProShare Advisors LLC raised its position in Forge Global by 51.3% during the fourth quarter. ProShare Advisors LLC now owns 32,807 shares of the company’s stock valued at $31,000 after purchasing an additional 11,126 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Forge Global by 10.2% during the 4th quarter. Bank of America Corp DE now owns 143,525 shares of the company’s stock valued at $133,000 after purchasing an additional 13,281 shares during the last quarter. Wells Fargo & Company MN raised its position in Forge Global by 0.6% in the 4th quarter. Wells Fargo & Company MN now owns 2,583,455 shares of the company’s stock worth $2,405,000 after purchasing an additional 15,695 shares during the period. Schonfeld Strategic Advisors LLC lifted its stake in Forge Global by 9.8% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 185,010 shares of the company’s stock worth $172,000 after purchasing an additional 16,485 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Forge Global by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,619,886 shares of the company’s stock valued at $3,433,000 after buying an additional 18,913 shares during the last quarter. Hedge funds and other institutional investors own 40.67% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reissued an “underweight” rating on shares of Forge Global in a report on Tuesday, January 7th.

Forge Global Company Profile

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.