Forge Global Holdings, Inc. (NYSE:FRGE) CRO Sells $64,000.00 in Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CRO Jennifer Phillips sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $1.28, for a total transaction of $64,000.00. Following the completion of the sale, the executive now directly owns 968,497 shares of the company’s stock, valued at $1,239,676.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Jennifer Phillips also recently made the following trade(s):

• On Thursday, October 24th, Jennifer Phillips sold 38,916 shares of Forge Global stock. The shares were sold at an average price of $1.21, for a total transaction of $47,088.36.

Forge Global Stock Down 0.8 %

NYSE:FRGE opened at $1.19 on Friday. The company’s 50 day moving average is $1.33 and its 200-day moving average is $1.52. Forge Global Holdings, Inc. has a 12 month low of $1.16 and a 12 month high of $4.02. The firm has a market cap of $215.44 million, a price-to-earnings ratio of -2.38 and a beta of 2.37.

Forge Global (NYSE:FRGE) last announced its earnings results on Wednesday, August 7th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.04. The firm had revenue of $22.28 million for the quarter, compared to the consensus estimate of $20.24 million. Forge Global had a negative net margin of 96.65% and a negative return on equity of 27.75%. During the same quarter last year, the firm posted ($0.12) EPS. Research analysts predict that Forge Global Holdings, Inc. will post -0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, UBS Group upgraded Forge Global from a “neutral” rating to a “buy” rating and set a $3.00 target price on the stock in a report on Tuesday, September 3rd.

Hedge Funds Weigh In On Forge Global

Several large investors have recently made changes to their positions in FRGE. Miracle Mile Advisors LLC acquired a new stake in Forge Global in the 1st quarter valued at approximately $29,000. SG Americas Securities LLC bought a new position in Forge Global during the third quarter worth $32,000. Norden Group LLC acquired a new position in Forge Global during the 2nd quarter valued at $53,000. Price T Rowe Associates Inc. MD boosted its holdings in Forge Global by 29.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,686 shares of the company’s stock valued at $66,000 after purchasing an additional 7,663 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in Forge Global by 23.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,008 shares of the company’s stock worth $72,000 after purchasing an additional 9,406 shares during the last quarter. Institutional investors and hedge funds 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.