Lasry Marc Sells 159,095 Shares of Forge Global Holdings, Inc. $FRGE

Lasry Marc decreased its holdings in shares of Forge Global Holdings, Inc. (NYSE:FRGE) by 93.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,363 shares of the company’s stock after selling 159,095 shares during the quarter. Forge Global comprises 1.2% of Lasry Marc’s holdings, making the stock its 5th largest holding. Lasry Marc owned approximately 0.08% of Forge Global worth $216,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. AWM Investment Company Inc. increased its position in shares of Forge Global by 793.9% during the 1st quarter. AWM Investment Company Inc. now owns 3,928,927 shares of the company’s stock worth $2,208,000 after purchasing an additional 3,489,424 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in Forge Global during the first quarter worth about $1,119,000. Charles Schwab Investment Management Inc. raised its stake in shares of Forge Global by 13.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 995,979 shares of the company’s stock valued at $560,000 after acquiring an additional 115,536 shares during the period. Nuveen LLC acquired a new position in shares of Forge Global in the 1st quarter worth approximately $231,000. Finally, Whetstone Capital Advisors LLC purchased a new position in shares of Forge Global during the 1st quarter worth approximately $209,000. Institutional investors and hedge funds own 40.67% of the company’s stock.

Forge Global Stock Performance

Shares of Forge Global stock opened at $44.41 on Friday. The business has a 50-day simple moving average of $32.46 and a 200-day simple moving average of $22.97. Forge Global Holdings, Inc. has a one year low of $6.60 and a one year high of $44.76. The company has a market cap of $603.91 million, a PE ratio of -8.54 and a beta of 2.18.

Analysts Set New Price Targets

FRGE has been the topic of a number of research reports. Wall Street Zen upgraded Forge Global from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Piper Sandler cut Forge Global from an “overweight” rating to a “neutral” rating and set a $45.00 target price for the company. in a report on Thursday, November 6th. Citigroup lowered shares of Forge Global from an “outperform” rating to a “market perform” rating in a research note on Friday. UBS Group lowered shares of Forge Global from a “buy” rating to a “neutral” rating and raised their price objective for the company from $34.00 to $45.00 in a research note on Tuesday, November 11th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Forge Global in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Forge Global currently has an average rating of “Hold” and an average price target of $42.00.

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.