Forge Global (NYSE:FRGE) CEO Sells $153,508.50 in Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 7,470 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $20.55, for a total value of $153,508.50. Following the completion of the transaction, the chief executive officer owned 575,862 shares of the company’s stock, valued at approximately $11,833,964.10. This represents a 1.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, August 20th, Kelly Rodriques sold 3,530 shares of Forge Global stock. The shares were sold at an average price of $19.71, for a total value of $69,576.30.

Forge Global Trading Up 2.0%

Shares of NYSE FRGE opened at $19.4930 on Friday. Forge Global Holdings, Inc. has a 12 month low of $6.60 and a 12 month high of $24.90. The stock has a 50 day moving average of $18.95 and a 200-day moving average of $14.54. The company has a market capitalization of $265.10 million, a P/E ratio of -3.66 and a beta of 2.30.

Forge Global (NYSE:FRGE) last issued its earnings results on Wednesday, July 30th. The company reported ($0.99) EPS for the quarter, topping the consensus estimate of ($1.16) by $0.17. Forge Global had a negative return on equity of 28.21% and a negative net margin of 73.62%.The company had revenue of $27.74 million during the quarter, compared to the consensus estimate of $21.00 million. Analysts predict that Forge Global Holdings, Inc. will post -0.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Piper Sandler upgraded Forge Global from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a research note on Monday, May 12th. Wall Street Zen downgraded Forge Global from a “hold” rating to a “sell” rating in a research note on Friday, July 18th. UBS Group lifted their target price on Forge Global from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $18.00 price target on shares of Forge Global in a report on Wednesday, May 14th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.50.

Institutional Trading of Forge Global

Hedge funds have recently added to or reduced their stakes in the company. ProShare Advisors LLC lifted its holdings in Forge Global by 51.3% during the 4th quarter. ProShare Advisors LLC now owns 32,807 shares of the company’s stock worth $31,000 after purchasing an additional 11,126 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in Forge Global during the 4th quarter worth approximately $32,000. Focus Partners Wealth acquired a new position in Forge Global in the 4th quarter valued at $37,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Forge Global by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,888 shares of the company’s stock valued at $39,000 after acquiring an additional 2,964 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey acquired a new position in Forge Global in the 2nd quarter valued at $47,000. 40.67% of the stock is owned by institutional investors and hedge funds.

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.