Forge Global Holdings, Inc. (NYSE:FRGE) CEO Sells $40,000.00 in Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 50,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $0.80, for a total transaction of $40,000.00. Following the completion of the sale, the chief executive officer now owns 8,030,213 shares of the company’s stock, valued at $6,424,170.40. The trade was a 0.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, December 16th, Kelly Rodriques sold 25,000 shares of Forge Global stock. The shares were sold at an average price of $1.04, for a total value of $26,000.00.
• On Wednesday, December 4th, Kelly Rodriques sold 7,130 shares of Forge Global stock. The shares were 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 stock was 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 shares were 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.

Forge Global Stock Performance

FRGE traded down $0.02 during midday trading on Friday, reaching $0.78. 469,944 shares of the company were exchanged, compared to its average volume of 757,695. Forge Global Holdings, Inc. has a one year low of $0.70 and a one year high of $3.56. The company’s fifty day moving average price is $0.94 and its 200 day moving average price is $1.20. The company has a market cap of $143.57 million, a price-to-earnings ratio of -1.80 and a beta of 2.33.

Forge Global (NYSE:FRGE) last announced 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). Forge Global had a negative return on equity of 29.04% and a negative net margin of 95.85%. The company had revenue of $19.22 million for the quarter, compared to the consensus estimate of $22.80 million. As a group, sell-side analysts anticipate that Forge Global Holdings, Inc. will post -0.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. restated an “underweight” rating on shares of Forge Global in a report on Tuesday, January 7th.

Institutional Trading of Forge Global

Institutional investors and hedge funds have recently made changes to their positions in the company. Interval Partners LP bought a new stake in Forge Global in the 2nd quarter worth about $373,000. Squarepoint Ops LLC boosted its stake in shares of Forge Global by 1,068.2% in the 2nd quarter. Squarepoint Ops LLC now owns 164,454 shares of the company’s stock worth $240,000 after buying an additional 150,376 shares during the last quarter. Barclays PLC boosted its stake in shares of 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 during the last quarter. First Eagle Investment Management LLC grew its holdings 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 acquiring an additional 86,959 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of Forge Global during the third quarter valued at approximately $96,000. Hedge funds and other institutional investors own 40.67% of the company’s stock.

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.