Strs Ohio Purchases New Holdings in Forge Global Holdings, Inc. $FRGE

Strs Ohio purchased a new stake in Forge Global Holdings, Inc. (NYSE:FRGE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,800 shares of the company’s stock, valued at approximately $570,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CIBRA Capital Ltd purchased a new position in Forge Global in the fourth quarter valued at about $3,340,000. CWM LLC boosted its holdings in Forge Global by 27.8% in the third quarter. CWM LLC now owns 4,409 shares of the company’s stock valued at $75,000 after purchasing an additional 960 shares during the last quarter. Bank of America Corp DE boosted its holdings in Forge Global by 442.4% in the third quarter. Bank of America Corp DE now owns 37,964 shares of the company’s stock valued at $642,000 after purchasing an additional 30,965 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in Forge Global by 11.8% in the third quarter. Raymond James Financial Inc. now owns 111,006 shares of the company’s stock valued at $1,876,000 after purchasing an additional 11,672 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new position in Forge Global in the third quarter valued at about $488,000. Hedge funds and other institutional investors own 40.67% of the company’s stock.

Analyst Upgrades and Downgrades

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

Forge Global Price Performance

Shares of NYSE FRGE opened at $45.00 on Friday. The stock’s 50 day moving average price is $44.99 and its two-hundred day moving average price is $42.43. Forge Global Holdings, Inc. has a 52-week low of $6.60 and a 52-week high of $45.03. The stock has a market capitalization of $623.03 million, a P/E ratio of -8.65 and a beta of 2.18.

Forge Global Company Profile

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.