First Eagle Investment Management LLC purchased a new position in shares of Forge Global Holdings, Inc. (NYSE:FRGE – Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 135,000 shares of the company’s stock, valued at approximately $261,000.
Several other institutional investors also recently modified their holdings of FRGE. Wells Fargo & Company MN increased its holdings in Forge Global by 0.3% in the fourth quarter. Wells Fargo & Company MN now owns 2,548,972 shares of the company’s stock valued at $8,743,000 after purchasing an additional 6,487 shares during the period. Abacus Wealth Partners LLC grew its position in Forge Global by 107.3% in the 4th quarter. Abacus Wealth Partners LLC now owns 942,866 shares of the company’s stock valued at $3,234,000 after purchasing an additional 487,959 shares during the period. Summit Trail Advisors LLC lifted its holdings in shares of Forge Global by 8.8% in the fourth quarter. Summit Trail Advisors LLC now owns 321,667 shares of the company’s stock valued at $1,103,000 after purchasing an additional 26,000 shares in the last quarter. Swiss National Bank bought a new stake in Forge Global during the fourth quarter worth $766,000. Finally, Virtu Financial LLC bought a new stake in Forge Global during the fourth quarter worth $289,000. 40.67% of the stock is currently owned by institutional investors and hedge funds.
Forge Global Stock Performance
NYSE:FRGE traded up $0.01 during trading on Friday, reaching $1.51. The company’s stock had a trading volume of 96,345 shares, compared to its average volume of 634,453. The firm has a market cap of $273.37 million, a price-to-earnings ratio of -3.01 and a beta of 2.39. The firm has a 50 day moving average of $1.57 and a 200-day moving average of $1.89. Forge Global Holdings, Inc. has a 12 month low of $1.31 and a 12 month high of $4.02.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the company. Oppenheimer reiterated an “outperform” rating and set a $3.50 price target on shares of Forge Global in a report on Wednesday, March 27th. JMP Securities reiterated a “market outperform” rating and set a $7.00 price target on shares of Forge Global in a report on Tuesday, April 9th.
View Our Latest Stock Report on Forge Global
Insider Buying and Selling at Forge Global
In other Forge Global news, CEO Kelly Rodriques sold 33,762 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $1.81, for a total value of $61,109.22. Following the completion of the transaction, the chief executive officer now owns 10,310,574 shares in the company, valued at approximately $18,662,138.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 559,508 shares of company stock worth $822,662 in the last quarter. 9.84% of the stock is currently owned by company insiders.
Forge Global 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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