Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques Sells 65,000 Shares

Forge Global Holdings, Inc. (NYSE:FRGEGet Free Report) CEO Kelly Rodriques sold 65,000 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $1.42, for a total transaction of $92,300.00. Following the sale, the chief executive officer now directly owns 10,115,551 shares of the company’s stock, valued at approximately $14,364,082.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • 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 value of $118,150.00.
  • On Monday, June 3rd, Kelly Rodriques sold 25,000 shares of Forge Global stock. The stock was sold at an average price of $1.53, for a total value of $38,250.00.
  • On Wednesday, May 22nd, Kelly Rodriques sold 33,762 shares of Forge Global stock. The shares were sold at an average price of $1.81, for a total value of $61,109.22.
  • On Wednesday, May 1st, Kelly Rodriques sold 35,746 shares of Forge Global stock. The stock was sold at an average price of $1.88, for a total transaction of $67,202.48.
  • On Tuesday, April 16th, Kelly Rodriques sold 20,803 shares of Forge Global stock. The stock was sold at an average price of $1.84, for a total transaction of $38,277.52.

Forge Global Stock Down 0.7 %

NYSE:FRGE traded down $0.01 on Wednesday, hitting $1.39. The stock had a trading volume of 273,281 shares, compared to its average volume of 646,510. The company has a fifty day moving average price of $1.63 and a two-hundred day moving average price of $1.98. The stock has a market cap of $251.65 million, a price-to-earnings ratio of -2.78 and a beta of 2.39. Forge Global Holdings, Inc. has a 1-year low of $1.31 and a 1-year high of $4.02.

Forge Global (NYSE:FRGEGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The firm had revenue of $19.24 million for the quarter, compared to analysts’ expectations of $19.88 million. Forge Global had a negative return on equity of 29.55% and a negative net margin of 119.12%. As a group, analysts anticipate that Forge Global Holdings, Inc. will post -0.42 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on FRGE shares. JMP Securities reiterated a “market outperform” rating and issued a $7.00 price objective on shares of Forge Global in a report on Tuesday, April 9th. Oppenheimer reiterated an “outperform” rating and set a $3.50 price objective on shares of Forge Global in a research report on Wednesday, March 27th.

Check Out Our Latest Report on Forge Global

Institutional Trading of Forge Global

Hedge funds and other institutional investors have recently modified their holdings of the business. Miracle Mile Advisors LLC acquired a new position in Forge Global in the first quarter valued at about $29,000. Tower Research Capital LLC TRC raised its stake in shares of Forge Global by 177.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 15,725 shares of the company’s stock valued at $54,000 after acquiring an additional 10,058 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Forge Global by 29.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,686 shares of the company’s stock worth $66,000 after acquiring an additional 7,663 shares during the last quarter. Ausdal Financial Partners Inc. purchased a new position in shares of Forge Global during the 4th quarter worth approximately $71,000. Finally, Arizona State Retirement System acquired a new stake in Forge Global in the 4th quarter valued at approximately $109,000. 40.67% of the stock is owned by institutional investors and hedge funds.

About Forge Global

(Get Free Report)

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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