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 that occurred on Tuesday, February 18th. The shares were sold at an average price of $1.00, for a total value of $159,108.00. Following the transaction, the executive now directly owns 604,728 shares in the company, valued at $604,728. This trade represents a 20.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

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

Forge Global Trading Up 0.7 %

Shares of NYSE:FRGE opened at $0.99 on Thursday. Forge Global Holdings, Inc. has a 12-month low of $0.70 and a 12-month high of $3.56. The stock has a market capitalization of $183.53 million, a price-to-earnings ratio of -2.31 and a beta of 2.30. The stock has a fifty day simple moving average of $0.85 and a two-hundred day simple moving average of $1.10.

Analysts Set New Price Targets

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

Institutional Trading of Forge Global

A number of institutional investors and hedge funds have recently bought and sold shares of the company. ProShare Advisors LLC grew its holdings in shares of Forge Global by 51.3% during the fourth quarter. ProShare Advisors LLC now owns 32,807 shares of the company’s stock valued at $31,000 after buying an additional 11,126 shares during the last quarter. Bank of America Corp DE increased its holdings in Forge Global by 10.2% in the 4th quarter. Bank of America Corp DE now owns 143,525 shares of the company’s stock worth $133,000 after buying an additional 13,281 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Forge Global by 0.6% during the 4th quarter. Wells Fargo & Company MN now owns 2,583,455 shares of the company’s stock valued at $2,405,000 after acquiring an additional 15,695 shares during the period. Schonfeld Strategic Advisors LLC boosted its holdings in Forge Global by 9.8% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 185,010 shares of the company’s stock worth $172,000 after purchasing an additional 16,485 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Forge Global by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,619,886 shares of the company’s stock worth $3,433,000 after purchasing an additional 18,913 shares during the period. 40.67% of the stock is currently owned by institutional investors.

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.