Credit Industriel ET Commercial Acquires Shares of 20,000 Forge Global Holdings, Inc. $FRGE

Credit Industriel ET Commercial acquired a new stake in shares of Forge Global Holdings, Inc. (NYSE:FRGE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 20,000 shares of the company’s stock, valued at approximately $891,000.

Other hedge funds have also recently bought and sold shares of the company. CWM LLC grew its position in shares of Forge Global by 27.8% in the 3rd quarter. CWM LLC now owns 4,409 shares of the company’s stock worth $75,000 after acquiring an additional 960 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Forge Global by 303.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,144 shares of the company’s stock worth $36,000 after acquiring an additional 1,613 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of 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 worth $39,000 after acquiring an additional 2,964 shares in the last quarter. Inscription Capital LLC acquired a new position in shares of Forge Global in the 4th quarter worth approximately $273,000. Finally, Composition Wealth LLC acquired a new position in shares of Forge Global in the 4th quarter worth approximately $286,000. Institutional investors and hedge funds own 40.67% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Forge Global in a research report on Thursday, January 22nd. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $36.00.

Forge Global Stock Performance

Shares of FRGE opened at $45.00 on Wednesday. The firm has a market cap of $623.03 million, a price-to-earnings ratio of -8.65 and a beta of 2.18. The stock has a 50 day moving average of $44.97 and a 200-day moving average of $42.03. Forge Global Holdings, Inc. has a 52 week low of $6.60 and a 52 week high of $45.03.

Forge Global 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.