Arizona State Retirement System bought a new position in Forge Global Holdings, Inc. (NYSE:FRGE – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 31,669 shares of the company’s stock, valued at approximately $109,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ausdal Financial Partners Inc. purchased a new position in Forge Global during the 4th quarter valued at approximately $71,000. Barclays PLC bought a new position in Forge Global during the 2nd quarter valued at about $83,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Forge Global in the third quarter worth approximately $90,000. Institutional investors own 40.67% of the company’s stock.
Forge Global Stock Performance
NYSE FRGE opened at $1.93 on Tuesday. Forge Global Holdings, Inc. has a one year low of $1.10 and a one year high of $4.02. The company has a market capitalization of $345.54 million, a price-to-earnings ratio of -3.70 and a beta of 2.57. The company’s 50-day simple moving average is $1.99 and its two-hundred day simple moving average is $2.44.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $7.00 price target on shares of Forge Global in a research note on Tuesday, April 9th. Oppenheimer reaffirmed an “outperform” rating and set a $3.50 target price on shares of Forge Global in a research report on Wednesday, March 27th.
Get Our Latest Research Report on Forge Global
Insider Buying and Selling at Forge Global
In related news, CEO Kelly Rodriques sold 24,818 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $1.77, for a total transaction of $43,927.86. Following the completion of the sale, the chief executive officer now directly owns 10,139,507 shares in the company, valued at approximately $17,946,927.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 95,621 shares of company stock valued at $181,654. 11.26% of the stock is currently owned by corporate insiders.
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.
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