Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques Sells 25,000 Shares

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 25,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $1.04, for a total transaction of $26,000.00. Following the sale, the chief executive officer now directly owns 8,153,110 shares in the company, valued at $8,479,234.40. The trade was a 0.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, December 4th, Kelly Rodriques sold 7,130 shares of Forge Global stock. The stock was 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 transaction of $32,369.70.
• On Monday, November 18th, Kelly Rodriques sold 25,000 shares of Forge Global stock. The shares were 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.
• On Tuesday, October 15th, Kelly Rodriques sold 50,000 shares of Forge Global stock. The shares were sold at an average price of $1.33, for a total value of $66,500.00.

Forge Global Trading Down 6.5 %

Shares of FRGE stock traded down $0.07 during trading hours on Tuesday, reaching $0.96. 616,662 shares of the company’s stock were exchanged, compared to its average volume of 553,899. The company has a market cap of $178.22 million, a price-to-earnings ratio of -2.24 and a beta of 2.30. Forge Global Holdings, Inc. has a fifty-two week low of $0.80 and a fifty-two week high of $4.02. The stock’s 50 day moving average is $1.12 and its 200-day moving average is $1.30.

Forge Global (NYSE:FRGE) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The firm had revenue of $19.22 million during the quarter, compared to analyst estimates of $22.80 million. Forge Global had a negative net margin of 95.85% and a negative return on equity of 29.04%. Equities analysts anticipate that Forge Global Holdings, Inc. will post -0.37 EPS for the current year.

Institutional Investors Weigh In On Forge Global

Several hedge funds have recently added to or reduced their stakes in FRGE. Interval Partners LP acquired a new stake in shares of Forge Global in the second quarter valued at about $373,000. Squarepoint Ops LLC raised its stake in Forge Global by 1,068.2% during the second quarter. Squarepoint Ops LLC now owns 164,454 shares of the company’s stock worth $240,000 after purchasing an additional 150,376 shares during the period. Barclays PLC lifted its holdings in Forge Global by 278.5% in the third quarter. Barclays PLC now owns 150,241 shares of the company’s stock valued at $197,000 after acquiring an additional 110,549 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Forge Global by 64.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 221,959 shares of the company’s stock worth $324,000 after purchasing an additional 86,959 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in shares of Forge Global in the 3rd quarter valued at approximately $96,000. 40.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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 report on Tuesday, September 3rd.

About Forge Global

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.