Jennifer Phillips Sells 159,108 Shares of Forge Global Holdings, Inc. (NYSE:FRGE) Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CRO Jennifer Phillips sold 159,108 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $1.00, for a total transaction of $159,108.00. Following the transaction, the executive now owns 604,728 shares in the company, valued at approximately $604,728. This trade represents a 20.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Jennifer Phillips also recently made the following trade(s):

• On Wednesday, December 18th, Jennifer Phillips sold 1,400 shares of Forge Global stock. The stock was sold at an average price of $1.00, for a total transaction of $1,400.00.
• On Monday, December 2nd, Jennifer Phillips sold 50,000 shares of Forge Global stock. The shares were sold at an average price of $1.07, for a total value of $53,500.00.

Forge Global Stock Performance

NYSE FRGE opened at $0.99 on Friday. The company has a market capitalization of $184.36 million, a PE ratio of -2.30 and a beta of 2.30. Forge Global Holdings, Inc. has a 52-week low of $0.70 and a 52-week high of $3.56. The company has a 50-day simple moving average of $0.85 and a 200 day simple moving average of $1.10.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake in Forge Global by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 2,651,436 shares of the company’s stock valued at $2,469,000 after purchasing an additional 31,550 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Forge Global by 0.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,583,455 shares of the company’s stock valued at $2,405,000 after buying an additional 15,695 shares during the period. State Street Corp lifted its position in shares of Forge Global by 1.2% during the 3rd quarter. State Street Corp now owns 2,263,898 shares of the company’s stock valued at $2,966,000 after buying an additional 25,833 shares during the last quarter. Northern Trust Corp grew its stake in shares of Forge Global by 14.6% during the 4th quarter. Northern Trust Corp now owns 1,069,884 shares of the company’s stock worth $996,000 after acquiring an additional 135,946 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Forge Global by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 965,837 shares of the company’s stock worth $1,265,000 after acquiring an additional 36,913 shares during the last quarter. 40.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.