Forge Global (FRGE) Expected to Announce Earnings on Wednesday

Forge Global (NYSE:FRGE) is expected to be releasing its earnings data before the market opens on Wednesday, March 5th. Analysts expect Forge Global to post earnings of ($0.09) per share for the quarter.

Forge Global Stock Down 1.1 %

Forge Global stock opened at $0.92 on Wednesday. Forge Global has a 52 week low of $0.70 and a 52 week high of $3.56. The company’s 50 day moving average price is $0.84 and its two-hundred day moving average price is $1.09. The stock has a market cap of $171.29 million, a P/E ratio of -2.13 and a beta of 2.30.

Insider Transactions at Forge Global

In other news, CEO Kelly Rodriques sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $1.04, for a total transaction of $26,000.00. Following the completion of the sale, the chief executive officer now owns 8,153,110 shares in the company, valued at $8,479,234.40. This trade represents a 0.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Jennifer Phillips sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $1.07, for a total transaction of $53,500.00. Following the sale, the executive now owns 744,018 shares of the company’s stock, valued at approximately $796,099.26. The trade was a 6.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 324,373 shares of company stock worth $319,650 in the last quarter. Insiders own 9.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reissued an “underweight” rating on shares of Forge Global in a research 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.