Forge Global Holdings, Inc. (NYSE:FRGE – Get Free Report) 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.
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.
Check Out Our Latest Report on Forge Global
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.
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