Insider Selling: Forge Global Holdings, Inc. (NYSE:FRGE) CEO Sells $67,202.48 in Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CEO Kelly Rodriques sold 35,746 shares of Forge Global stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $1.88, for a total transaction of $67,202.48. Following the transaction, the chief executive officer now directly owns 10,401,962 shares in the company, valued at $19,555,688.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, April 16th, Kelly Rodriques sold 20,803 shares of Forge Global stock. The shares were sold at an average price of $1.84, for a total transaction of $38,277.52.
• On Monday, March 4th, Kelly Rodriques sold 27,566 shares of Forge Global stock. The shares were sold at an average price of $1.98, for a total value 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 value of $44,868.00.
• On Tuesday, February 6th, Kelly Rodriques sold 24,818 shares of Forge Global stock. The shares were sold at an average price of $1.77, for a total value of $43,927.86.

Forge Global Price Performance

FRGE stock opened at $1.95 on Friday. The stock’s 50 day simple moving average is $1.99 and its 200 day simple moving average is $2.41. 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 posted its quarterly earnings results on Tuesday, March 26th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). Forge Global had a negative return on equity of 29.03% and a negative net margin of 129.22%. The business had revenue of $19.06 million during the quarter, compared to the consensus estimate of $20.01 million. On average, sell-side analysts forecast that Forge Global Holdings, Inc. will post -0.41 earnings per share for the current year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Forge Global

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in shares of Forge Global in the 3rd quarter worth approximately $90,000. Ausdal Financial Partners Inc. acquired a new stake in Forge Global in the fourth quarter worth $71,000. Arizona State Retirement System bought a new stake in Forge Global in the fourth quarter valued at $109,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Forge Global during the fourth quarter worth about $134,000. Finally, Swiss National Bank bought a new position in shares of Forge Global during the fourth quarter worth about $766,000. 40.67% of the stock is currently 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.