Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques Sells 20,803 Shares

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 20,803 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $1.84, for a total transaction of $38,277.52. Following the sale, the chief executive officer now owns 10,437,708 shares of the company’s stock, valued at approximately $19,205,382.72. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, March 4th, Kelly Rodriques sold 27,566 shares of Forge Global stock. The stock was sold at an average price of $1.98, for a total transaction of $54,580.68.
• On Friday, March 1st, Kelly Rodriques sold 22,434 shares of Forge Global stock. The stock was sold at an average price of $2.00, for a total transaction of $44,868.00.
• On Tuesday, February 6th, Kelly Rodriques sold 24,818 shares of Forge Global stock. The stock was sold at an average price of $1.77, for a total transaction of $43,927.86.

Forge Global Stock Up 3.0 %

Shares of Forge Global stock opened at $1.88 on Friday. The firm’s fifty day simple moving average is $1.99 and its 200-day simple moving average is $2.43. Forge Global Holdings, Inc. has a 12 month low of $1.10 and a 12 month high of $4.02.

Forge Global (NYSE:FRGE) last announced its earnings results on Tuesday, March 26th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). The business had revenue of $19.06 million during the quarter, compared to analyst estimates of $20.01 million. Forge Global had a negative net margin of 129.22% and a negative return on equity of 29.03%. Equities analysts predict that Forge Global Holdings, Inc. will post -0.41 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $3.50 target price on shares of Forge Global in a report on Wednesday, March 27th. JMP Securities reaffirmed a “market outperform” rating and issued a $7.00 target price on shares of Forge Global in a report on Tuesday, April 9th.

Hedge Funds Weigh In On Forge Global

Several institutional investors have recently bought and sold shares of the company. Citigroup Inc. acquired a new position in Forge Global in the 1st quarter valued at $28,000. Penserra Capital Management LLC acquired a new position in Forge Global in the 1st quarter valued at $193,000. Rhumbline Advisers increased its stake in Forge Global by 4.6% in the 3rd quarter. Rhumbline Advisers now owns 130,470 shares of the company’s stock valued at $265,000 after buying an additional 5,703 shares during the period. Wells Fargo & Company MN increased its stake in Forge Global by 0.3% in the 4th quarter. Wells Fargo & Company MN now owns 2,548,972 shares of the company’s stock valued at $8,743,000 after buying an additional 6,487 shares during the period. Finally, State Street Corp increased its stake in Forge Global by 2.0% in the 3rd quarter. State Street Corp now owns 334,117 shares of the company’s stock valued at $585,000 after buying an additional 6,500 shares during the period. 40.67% of the stock is owned by institutional investors and hedge funds.

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.