Kelly Rodriques Sells 50,000 Shares of Forge Global Holdings, Inc. (NYSE:FRGE) Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were 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 in the company, valued at $6,424,170.40. This represents a 0.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $1.04, for a total transaction 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 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 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 value of $22,000.00.

Forge Global Stock Down 2.7 %

FRGE traded down $0.02 during midday trading on Friday, hitting $0.78. 469,944 shares of the company were exchanged, compared to its average volume of 757,695. The firm’s 50 day moving average price is $0.94 and its 200-day moving average price is $1.20. Forge Global Holdings, Inc. has a 1-year low of $0.70 and a 1-year high of $3.56. The firm has a market capitalization of $143.57 million, a P/E ratio of -1.80 and a beta of 2.33.

Forge Global (NYSE:FRGE) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $22.80 million. On average, sell-side analysts predict that Forge Global Holdings, Inc. will post -0.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FRGE. Geode Capital Management LLC raised its stake in Forge Global by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,619,886 shares of the company’s stock worth $3,433,000 after buying an additional 18,913 shares during the last quarter. Barclays PLC grew its holdings in Forge Global by 278.5% during the 3rd quarter. Barclays PLC now owns 150,241 shares of the company’s stock worth $197,000 after acquiring an additional 110,549 shares during the period. SG Americas Securities LLC bought a new position in shares of Forge Global in the 3rd quarter worth about $32,000. GSA Capital Partners LLP acquired a new position in shares of Forge Global in the 3rd quarter valued at about $96,000. Finally, State Street Corp lifted its stake in shares of Forge Global by 1.2% in the 3rd quarter. State Street Corp now owns 2,263,898 shares of the company’s stock valued at $2,966,000 after purchasing an additional 25,833 shares during the period. Institutional investors and hedge funds own 40.67% of the company’s stock.

Analyst Ratings Changes

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

Forge Global Company 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.