Samuel J. Fleischmann Sells 1,581 Shares of ForgeRock, Inc. (NYSE:FORG) Stock

ForgeRock, Inc. (NYSE:FORG – Get Rating) insider Samuel J. Fleischmann sold 1,581 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $19.91, for a total transaction of $31,477.71. Following the completion of the transaction, the insider now owns 121,852 shares in the company, valued at approximately $2,426,073.32. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

ForgeRock Stock Performance

Shares of ForgeRock stock opened at $20.03 on Friday. The company has a 50 day moving average of $20.21 and a 200-day moving average of $20.87. ForgeRock, Inc. has a 1-year low of $14.13 and a 1-year high of $25.00. The company has a quick ratio of 3.76, a current ratio of 3.76 and a debt-to-equity ratio of 0.13.

ForgeRock (NYSE:FORG – Get Rating) last issued its quarterly earnings results on Monday, February 27th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). ForgeRock had a negative return on equity of 17.32% and a negative net margin of 32.35%. The firm had revenue of $63.52 million for the quarter, compared to the consensus estimate of $61.29 million. Research analysts expect that ForgeRock, Inc. will post -0.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ForgeRock

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co. NY lifted its stake in ForgeRock by 30.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,311 shares of the company’s stock valued at $53,000 after purchasing an additional 537 shares during the last quarter. Metropolitan Life Insurance Co NY raised its stake in shares of ForgeRock by 30.3% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 2,311 shares of the company’s stock valued at $53,000 after acquiring an additional 537 shares during the last quarter. Royal Bank of Canada raised its stake in shares of ForgeRock by 222.4% during the third quarter. Royal Bank of Canada now owns 1,947 shares of the company’s stock valued at $27,000 after acquiring an additional 1,343 shares during the last quarter. Amalgamated Bank raised its stake in ForgeRock by 35.2% during the fourth quarter. Amalgamated Bank now owns 6,051 shares of the company’s stock worth $138,000 after buying an additional 1,576 shares during the last quarter. Finally, Voya Investment Management LLC raised its stake in ForgeRock by 14.1% during the fourth quarter. Voya Investment Management LLC now owns 13,320 shares of the company’s stock worth $303,000 after buying an additional 1,642 shares during the last quarter. Institutional investors own 32.31% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet downgraded shares of ForgeRock from a “c-” rating to a “d+” rating in a report on Tuesday, February 7th. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.80.

ForgeRock Company Profile

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ForgeRock, Inc, together with its subsidiaries, operates a digital identity platform to secure, manage, and govern the identities of customers, employees, partners, application programing interfaces (APIs), microservices, devices, and the Internet of things worldwide. It offers identity management products to automate onboarding/registration and progressive profiling, identity lifecycle and relationship management, identity provisioning and synchronization, user self-service, personalization, delegation, and privacy and consent management.