Kelly Rodriques Sells 60,000 Shares of Forge Global Holdings, Inc. (NYSE:FRGE) Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 60,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $1.29, for a total transaction of $77,400.00. Following the transaction, the chief executive officer now directly owns 8,827,772 shares of the company’s stock, valued at approximately $11,387,825.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• 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 value 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 stock was 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 transaction 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 transaction 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 value of $92,300.00.

Forge Global Stock Up 4.0 %

NYSE:FRGE traded up $0.05 during mid-day trading on Monday, hitting $1.30. The stock had a trading volume of 204,129 shares, compared to its average volume of 572,538. Forge Global Holdings, Inc. has a twelve month low of $1.17 and a twelve month high of $4.02. The stock has a 50-day simple moving average of $1.41 and a two-hundred day simple moving average of $1.68.

Forge Global (NYSE:FRGE) last issued its earnings results on Wednesday, August 7th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.04. The business had revenue of $22.28 million for the quarter, compared to analyst estimates of $20.24 million. Forge Global had a negative return on equity of 27.75% and a negative net margin of 96.65%. During the same quarter last year, the company earned ($0.12) EPS. As a group, equities research analysts predict that Forge Global Holdings, Inc. will post -0.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Forge Global

Several hedge funds and other institutional investors have recently bought and sold shares of FRGE. Interval Partners LP purchased a new position in shares of Forge Global during the second quarter worth about $373,000. Swiss National Bank purchased a new position in Forge Global during the 4th quarter worth $766,000. Squarepoint Ops LLC grew its position in Forge Global by 1,068.2% during the 2nd quarter. Squarepoint Ops LLC now owns 164,454 shares of the company’s stock worth $240,000 after purchasing an additional 150,376 shares during the last quarter. First Eagle Investment Management LLC acquired a new position in Forge Global in the first quarter valued at $261,000. Finally, Vanguard Group Inc. raised its holdings in shares of Forge Global by 1.7% in the first quarter. Vanguard Group Inc. now owns 5,539,496 shares of the company’s stock valued at $10,691,000 after buying an additional 93,139 shares during the last quarter. 40.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, UBS Group raised 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.

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.