Forge Global Holdings, Inc. (NYSE:FRGE) CRO Jennifer Phillips Sells 50,000 Shares

Forge Global Holdings, Inc. (NYSE:FRGE) CRO Jennifer Phillips sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $1.28, for a total value of $64,000.00. Following the transaction, the executive now directly owns 968,497 shares in the company, valued at approximately $1,239,676.16. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Thursday, October 24th, Jennifer Phillips sold 38,916 shares of Forge Global stock. The shares were sold at an average price of $1.21, for a total value of $47,088.36.

Forge Global Price Performance

FRGE opened at $1.21 on Friday. The firm has a market cap of $218.15 million, a price-to-earnings ratio of -2.41 and a beta of 2.37. Forge Global Holdings, Inc. has a 1 year low of $1.16 and a 1 year high of $4.02. The stock’s 50 day simple moving average is $1.33 and its 200 day simple moving average is $1.53.

Forge Global (NYSE:FRGE) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. The firm had revenue of $22.28 million for the quarter, compared to analyst estimates of $20.24 million. Forge Global had a negative return on equity of 27.75% and a negative net margin of 96.65%. During the same period last year, the company earned ($0.12) EPS. As a group, sell-side analysts anticipate that Forge Global Holdings, Inc. will post -0.34 EPS for the current year.

Wall Street Analyst Weigh In

Separately, UBS Group upgraded Forge Global from a “neutral” rating to a “buy” rating and set a $3.00 price target on the stock in a research report on Tuesday, September 3rd.

Institutional Investors Weigh In On Forge Global

Large investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its position in shares of Forge Global by 29.4% during the first 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 boosted its position in shares of Forge Global by 23.8% during the second 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 boosted its position in shares of Forge Global by 42.2% during the second 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 during the first quarter valued at approximately $29,000. Finally, SG Americas Securities LLC bought a new stake in shares of Forge Global during the third quarter valued at approximately $32,000. 40.67% of the stock is currently owned by institutional investors.

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.