Forge Global Holdings, Inc. (NYSE:FRGE) CEO Sells $38,277.52 in Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 20,803 shares of Forge Global stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $1.84, for a total value of $38,277.52. Following the sale, the chief executive officer now directly owns 10,437,708 shares in the company, valued at approximately $19,205,382.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, March 4th, Kelly Rodriques sold 27,566 shares of Forge Global stock. The shares were sold at an average price of $1.98, for a total value of $54,580.68.
• On Friday, March 1st, Kelly Rodriques sold 22,434 shares of Forge Global stock. The shares were sold at an average price of $2.00, for a total value of $44,868.00.
• On Tuesday, February 6th, Kelly Rodriques sold 24,818 shares of Forge Global stock. The shares were sold at an average price of $1.77, for a total value of $43,927.86.

Forge Global Stock Up 3.0 %

FRGE traded up $0.05 during trading hours on Thursday, reaching $1.88. 675,205 shares of the company’s stock traded hands, compared to its average volume of 775,967. The firm has a 50-day moving average price of $1.98 and a 200 day moving average price of $2.44. Forge Global Holdings, Inc. has a 52-week low of $1.10 and a 52-week high of $4.02. The firm has a market capitalization of $336.56 million, a PE ratio of -3.58 and a beta of 2.57.

Forge Global (NYSE:FRGE) last posted its quarterly earnings data on Tuesday, March 26th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). The business had revenue of $19.06 million for the quarter, compared to analysts’ expectations of $20.01 million. Forge Global had a negative net margin of 129.22% and a negative return on equity of 29.03%. Equities analysts predict that Forge Global Holdings, Inc. will post -0.41 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on FRGE. Oppenheimer reissued an “outperform” rating and set a $3.50 target price on shares of Forge Global in a research note on Wednesday, March 27th. JMP Securities reaffirmed a “market outperform” rating and issued a $7.00 price objective on shares of Forge Global in a research note on Tuesday, April 9th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC increased its position in Forge Global by 17.5% during the 4th quarter. SG Americas Securities LLC now owns 51,810 shares of the company’s stock valued at $178,000 after buying an additional 7,720 shares in the last quarter. Barclays PLC purchased a new stake in Forge Global during the 2nd quarter valued at about $83,000. Ausdal Financial Partners Inc. purchased a new stake in Forge Global during the 4th quarter valued at about $71,000. Miracle Mile Advisors LLC purchased a new stake in Forge Global during the 1st quarter valued at about $29,000. Finally, Virtu Financial LLC purchased a new stake in Forge Global during the 4th quarter valued at about $289,000. 40.67% of the stock is 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.