ABC Arbitrage SA Makes New $4.21 Million Investment in Forge Global Holdings, Inc. $FRGE

ABC Arbitrage SA acquired a new position in shares of Forge Global Holdings, Inc. (NYSE:FRGE) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 94,553 shares of the company’s stock, valued at approximately $4,213,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC lifted its position in Forge Global by 305.0% during the first quarter. AQR Capital Management LLC now owns 194,616 shares of the company’s stock valued at $109,000 after purchasing an additional 146,565 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Forge Global by 220.7% in the 3rd quarter. Millennium Management LLC now owns 188,260 shares of the company’s stock valued at $3,182,000 after acquiring an additional 129,559 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Forge Global in the second quarter worth about $1,891,000. CIBRA Capital Ltd purchased a new position in Forge Global in the fourth quarter worth about $3,340,000. Finally, Bank of America Corp DE increased its stake in Forge Global by 442.4% during the third quarter. Bank of America Corp DE now owns 37,964 shares of the company’s stock worth $642,000 after acquiring an additional 30,965 shares during the last quarter. 40.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Forge Global in a research report on Thursday, January 22nd. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Forge Global presently has an average rating of “Reduce” and a consensus target price of $36.00.

Forge Global Stock Performance

Forge Global stock opened at $45.00 on Tuesday. Forge Global Holdings, Inc. has a 12-month low of $6.60 and a 12-month high of $45.03. The firm has a 50-day moving average price of $45.00 and a 200-day moving average price of $42.82. The firm has a market capitalization of $623.03 million, a PE ratio of -8.65 and a beta of 2.18.

About Forge Global

Forge Global is a financial technology company that operates a digital marketplace for trading shares in private companies. The platform connects shareholders, including employees and early investors, with accredited and institutional buyers seeking exposure to late-stage private ventures ahead of their initial public offerings. By facilitating secondary transactions, Forge Global aims to provide liquidity solutions that traditionally have been limited in private markets.

The company’s core services include trade execution, settlement, and custody for pre-IPO securities, supported by an integrated suite of portfolio management and data-analytics tools.