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

Forge Global Holdings, Inc. (NYSE:FRGE) CRO Jennifer Phillips sold 50,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $1.07, for a total transaction of $53,500.00. Following the transaction, the executive now owns 744,018 shares in the company, valued at $796,099.26. The trade was a 6.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, November 4th, Jennifer Phillips sold 25,000 shares of Forge Global stock. The stock was sold at an average price of $1.14, for a total transaction of $28,500.00.
• On Friday, November 1st, Jennifer Phillips sold 25,000 shares of Forge Global stock. The shares were sold at an average price of $1.14, for a total transaction of $28,500.00.
• On Thursday, October 24th, Jennifer Phillips sold 38,916 shares of Forge Global stock. The shares were sold at an average price of $1.21, for a total value of $47,088.36.
• On Tuesday, October 22nd, Jennifer Phillips sold 50,000 shares of Forge Global stock. The shares were sold at an average price of $1.28, for a total value of $64,000.00.

Forge Global Price Performance

FRGE opened at $0.96 on Friday. The stock has a 50-day moving average price of $1.15 and a 200-day moving average price of $1.35. The firm has a market cap of $178.45 million, a PE ratio of -2.24 and a beta of 2.30. Forge Global Holdings, Inc. has a 1 year low of $0.80 and a 1 year high of $4.02.

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

Institutional Investors Weigh In On Forge Global

Several large investors have recently bought and sold shares of the business. Barclays PLC increased its holdings in Forge Global by 278.5% in the 3rd quarter. Barclays PLC now owns 150,241 shares of the company’s stock worth $197,000 after buying an additional 110,549 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Forge Global by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,619,886 shares of the company’s stock valued at $3,433,000 after purchasing an additional 18,913 shares during the period. State Street Corp increased its position in shares of Forge Global by 1.2% during the 3rd quarter. State Street Corp now owns 2,263,898 shares of the company’s stock valued at $2,966,000 after purchasing an additional 25,833 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Forge Global by 4.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 965,837 shares of the company’s stock valued at $1,265,000 after purchasing an additional 36,913 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of Forge Global during the 3rd quarter valued at about $96,000. 40.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, UBS Group raised Forge Global from a “neutral” rating to a “buy” rating and set a $3.00 price objective for the company in a research report 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.