Insider Selling: Forge Global Holdings, Inc. (NYSE:FRGE) CEO Sells 50,000 Shares of Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 50,000 shares of Forge Global stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1.33, for a total transaction of $66,500.00. Following the completion of the transaction, the chief executive officer now directly owns 8,476,028 shares of the company’s stock, valued at $11,273,117.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, September 16th, Kelly Rodriques sold 18,405 shares of Forge Global stock. The stock was sold at an average price of $1.36, for a total transaction of $25,030.80.
• On Wednesday, September 11th, Kelly Rodriques sold 40,000 shares of Forge Global stock. The stock was 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.
• On Thursday, August 15th, Kelly Rodriques sold 40,084 shares of Forge Global stock. The stock was sold at an average price of $1.30, for a total transaction 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 stock was 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.

Forge Global Price Performance

Shares of FRGE opened at $1.33 on Friday. Forge Global Holdings, Inc. has a 1-year low of $1.16 and a 1-year high of $4.02. The company has a 50-day moving average of $1.33 and a 200 day moving average of $1.55. The firm has a market capitalization of $240.78 million, a price-to-earnings ratio of -2.66 and a beta of 2.37.

Forge Global (NYSE:FRGE) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.04. Forge Global had a negative net margin of 96.65% and a negative return on equity of 27.75%. The company had revenue of $22.28 million during the quarter, compared to analyst estimates of $20.24 million. During the same quarter last year, the business posted ($0.12) EPS. On average, equities analysts anticipate that Forge Global Holdings, Inc. will post -0.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Forge Global

Several large investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its holdings in shares of 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 purchasing an additional 7,663 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of 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 purchasing an additional 9,406 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Forge Global by 42.2% in the 2nd quarter. Renaissance Technologies LLC now owns 49,900 shares of the company’s stock valued at $73,000 after purchasing an additional 14,800 shares in the last quarter. Miracle Mile Advisors LLC bought a new stake in shares of Forge Global in the 1st quarter valued at about $29,000. Finally, SG Americas Securities LLC bought a new stake in shares of Forge Global in the 3rd quarter valued at about $32,000. Institutional investors own 40.67% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.