Kelly Rodriques Sells 25,000 Shares of Forge Global Holdings, Inc. (NYSE:FRGE) Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 25,000 shares of Forge Global stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $1.04, for a total transaction of $26,000.00. Following the completion of the sale, the chief executive officer now directly owns 8,153,110 shares of the company’s stock, valued at $8,479,234.40. The trade was a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Wednesday, December 4th, Kelly Rodriques sold 7,130 shares of Forge Global stock. The stock was sold at an average price of $1.02, for a total value of $7,272.60.
• On Monday, December 2nd, Kelly Rodriques sold 31,735 shares of Forge Global stock. The shares were sold at an average price of $1.02, for a total value of $32,369.70.
• On Monday, November 18th, Kelly Rodriques sold 25,000 shares of Forge Global stock. The stock was sold at an average price of $0.82, for a total value of $20,500.00.
• On Friday, November 15th, Kelly Rodriques sold 25,000 shares of Forge Global stock. The shares were sold at an average price of $0.88, for a total transaction of $22,000.00.
• On Tuesday, October 15th, Kelly Rodriques sold 50,000 shares of Forge Global stock. The stock was sold at an average price of $1.33, for a total transaction of $66,500.00.

Forge Global Price Performance

Forge Global stock opened at $0.96 on Wednesday. The company has a market cap of $178.22 million, a price-to-earnings ratio of -2.24 and a beta of 2.30. Forge Global Holdings, Inc. has a 12 month low of $0.80 and a 12 month high of $4.02. The stock’s 50-day moving average is $1.12 and its 200-day moving average is $1.30.

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

Hedge Funds Weigh In On Forge Global

A number of hedge funds have recently made changes to their positions in FRGE. Interval Partners LP acquired a new position in Forge Global during the 2nd quarter worth approximately $373,000. Squarepoint Ops LLC lifted its position in shares of Forge Global by 1,068.2% during the second quarter. Squarepoint Ops LLC now owns 164,454 shares of the company’s stock worth $240,000 after purchasing an additional 150,376 shares in the last quarter. Barclays PLC boosted its stake in shares of Forge Global by 278.5% in the third quarter. Barclays PLC now owns 150,241 shares of the company’s stock valued at $197,000 after purchasing an additional 110,549 shares during the period. First Eagle Investment Management LLC boosted its stake in shares of Forge Global by 64.4% in the second quarter. First Eagle Investment Management LLC now owns 221,959 shares of the company’s stock valued at $324,000 after purchasing an additional 86,959 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in Forge Global during the 3rd quarter valued at $96,000. Hedge funds and other institutional investors own 40.67% of the company’s stock.

Analyst Ratings Changes

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

About Forge Global

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.