Forge Global Holdings, Inc. (NYSE:FRGE) CEO Sells $25,030.80 in Stock

Posted by Scott Moore on Sep 21st, 2024

Forge Global Holdings, Inc. (NYSE:FRGE – Get Free Report) CEO Kelly Rodriques sold 18,405 shares of Forge Global stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1.36, for a total value of $25,030.80. Following the sale, the chief executive officer now directly owns 8,600,995 shares of the company’s stock, valued at approximately $11,697,353.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

On Wednesday, September 11th, Kelly Rodriques sold 40,000 shares of Forge Global stock. The stock was sold at an average price of $1.28, for a total transaction of $51,200.00.
On Thursday, September 5th, Kelly Rodriques sold 60,000 shares of Forge Global stock. The shares were sold at an average price of $1.29, for a total transaction of $77,400.00.
On Thursday, August 15th, Kelly Rodriques sold 40,084 shares of Forge Global stock. The stock was sold at an average price of $1.30, for a total transaction of $52,109.20.
On Monday, August 12th, Kelly Rodriques sold 108,646 shares of Forge Global stock. The shares were sold at an average price of $1.23, for a total value of $133,634.58.
On Friday, August 9th, Kelly Rodriques sold 24,562 shares of Forge Global stock. The shares were sold at an average price of $1.31, for a total value of $32,176.22.
On Monday, July 22nd, Kelly Rodriques sold 65,109 shares of Forge Global stock. The stock was sold at an average price of $1.46, for a total value of $95,059.14.
On Monday, July 15th, Kelly Rodriques sold 150,000 shares of Forge Global stock. The shares were sold at an average price of $1.42, for a total value of $213,000.00.
On Friday, July 12th, Kelly Rodriques sold 165,000 shares of Forge Global stock. The stock was sold at an average price of $1.41, for a total transaction of $232,650.00.
On Wednesday, July 10th, Kelly Rodriques sold 85,000 shares of Forge Global stock. The shares were sold at an average price of $1.39, for a total transaction of $118,150.00.
On Monday, July 8th, Kelly Rodriques sold 65,000 shares of Forge Global stock. The stock was sold at an average price of $1.42, for a total transaction of $92,300.00.

Forge Global Stock Down 5.8 %

Forge Global stock opened at $1.29 on Friday. The stock has a market cap of $233.54 million, a PE ratio of -2.58 and a beta of 2.38. Forge Global Holdings, Inc. has a 12-month low of $1.17 and a 12-month high of $4.02. The business’s 50-day moving average price is $1.39 and its two-hundred day moving average price is $1.65.

Forge Global (NYSE:FRGE – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.04. The company had revenue of $22.28 million for the quarter, compared to analyst estimates of $20.24 million. Forge Global had a negative net margin of 96.65% and a negative return on equity of 27.75%. During the same period in the previous year, the firm posted ($0.12) EPS. As a group, analysts expect that Forge Global Holdings, Inc. will post -0.34 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FRGE. Miracle Mile Advisors LLC acquired a new stake in shares of Forge Global during the 1st quarter valued at $29,000. Price T Rowe Associates Inc. MD raised its position in Forge Global by 29.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 33,686 shares of the company’s stock valued at $66,000 after purchasing an additional 7,663 shares during the last quarter. Norden Group LLC acquired a new stake in shares of Forge Global during the second quarter valued at about $53,000. The Manufacturers Life Insurance Company boosted its stake in shares of Forge Global by 23.8% during the second quarter. The Manufacturers Life Insurance Company now owns 49,008 shares of the company’s stock valued at $72,000 after purchasing an additional 9,406 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of 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 purchasing an additional 14,800 shares during the last quarter. 40.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded Forge Global from a “neutral” rating to a “buy” rating and set a $3.00 target price for the company in a research note on Tuesday, September 3rd.

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Forge Global Company Profile

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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.