Kelly Rodriques Sells 50,000 Shares of Forge Global Holdings, Inc. (NYSE:FRGE) Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $0.80, for a total value of $40,000.00. Following the transaction, the chief executive officer now owns 8,030,213 shares of the company’s stock, valued at approximately $6,424,170.40. This trade represents a 0.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, December 16th, Kelly Rodriques sold 25,000 shares of Forge Global stock. The stock was sold at an average price of $1.04, for a total value of $26,000.00.
• 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 value of $32,369.70.
• On Monday, November 18th, Kelly Rodriques sold 25,000 shares of Forge Global stock. The stock was sold at an average price of $0.82, for a total value of $20,500.00.
• On Friday, November 15th, Kelly Rodriques sold 25,000 shares of Forge Global stock. The stock was sold at an average price of $0.88, for a total value of $22,000.00.

Forge Global Trading Down 2.7 %

Shares of NYSE FRGE opened at $0.78 on Friday. The business has a fifty day simple moving average of $0.94 and a 200 day simple moving average of $1.20. The firm has a market capitalization of $143.57 million, a price-to-earnings ratio of -1.80 and a beta of 2.33. Forge Global Holdings, Inc. has a one year low of $0.70 and a one year high of $3.56.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in Forge Global during the third quarter worth $32,000. The Manufacturers Life Insurance Company raised its stake in Forge Global by 23.8% during the second quarter. The Manufacturers Life Insurance Company now owns 49,008 shares of the company’s stock worth $72,000 after acquiring an additional 9,406 shares in the last quarter. Renaissance Technologies LLC raised its stake in Forge Global by 42.2% during the second quarter. Renaissance Technologies LLC now owns 49,900 shares of the company’s stock worth $73,000 after acquiring an additional 14,800 shares in the last quarter. Miracle Mile Advisors LLC raised its stake in Forge Global by 116.8% during the fourth quarter. Miracle Mile Advisors LLC now owns 86,700 shares of the company’s stock worth $81,000 after acquiring an additional 46,700 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in Forge Global during the third quarter worth $96,000. 40.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.