Insider Selling: Forge Global Holdings, Inc. (NYSE:FRGE) CEO Sells $40,000.00 in Stock

Forge Global Holdings, Inc. (NYSE:FRGEGet Free Report) CEO Kelly Rodriques sold 50,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $0.80, for a total transaction of $40,000.00. Following the completion of the sale, the chief executive officer now directly owns 8,030,213 shares of the company’s stock, valued at $6,424,170.40. This represents a 0.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Monday, December 16th, Kelly Rodriques sold 25,000 shares of Forge Global stock. The stock was sold at an average price of $1.04, for a total value of $26,000.00.
  • On Wednesday, December 4th, Kelly Rodriques sold 7,130 shares of Forge Global stock. The shares were sold at an average price of $1.02, for a total value of $7,272.60.
  • On Monday, December 2nd, Kelly Rodriques sold 31,735 shares of Forge Global stock. The stock was sold at an average price of $1.02, for a total value of $32,369.70.
  • On Monday, November 18th, Kelly Rodriques sold 25,000 shares of Forge Global stock. The stock was sold at an average price of $0.82, for a total transaction of $20,500.00.
  • On Friday, November 15th, Kelly Rodriques sold 25,000 shares of Forge Global stock. The shares were sold at an average price of $0.88, for a total transaction of $22,000.00.

Forge Global Stock Down 2.7 %

NYSE:FRGE opened at $0.78 on Monday. Forge Global Holdings, Inc. has a twelve month low of $0.70 and a twelve month high of $3.56. The stock has a market cap of $143.57 million, a P/E ratio of -1.80 and a beta of 2.33. The firm’s fifty day simple moving average is $0.94 and its 200 day simple moving average is $1.20.

Forge Global (NYSE:FRGEGet Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). Forge Global had a negative return on equity of 29.04% and a negative net margin of 95.85%. The company had revenue of $19.22 million during the quarter, compared to the consensus estimate of $22.80 million. On average, analysts expect that Forge Global Holdings, Inc. will post -0.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Forge Global in a research note on Tuesday, January 7th.

Read Our Latest Analysis on Forge Global

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC grew its stake in Forge Global by 167.3% in the fourth quarter. SG Americas Securities LLC now owns 65,361 shares of the company’s stock worth $61,000 after purchasing an additional 40,908 shares during the period. Miracle Mile Advisors LLC grew its position in shares of Forge Global by 116.8% in the 4th quarter. Miracle Mile Advisors LLC now owns 86,700 shares of the company’s stock worth $81,000 after buying an additional 46,700 shares during the period. Barclays PLC increased its stake in shares of Forge Global by 278.5% in the 3rd quarter. Barclays PLC now owns 150,241 shares of the company’s stock worth $197,000 after acquiring an additional 110,549 shares in the last quarter. Geode Capital Management LLC lifted its position in Forge Global by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,619,886 shares of the company’s stock valued at $3,433,000 after acquiring an additional 18,913 shares during the period. Finally, State Street Corp boosted its stake in Forge Global by 1.2% during the third quarter. State Street Corp now owns 2,263,898 shares of the company’s stock worth $2,966,000 after acquiring an additional 25,833 shares in the last quarter. Institutional investors own 40.67% of the company’s stock.

Forge Global Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Forge Global (NYSE:FRGE)

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