Versor Investments LP Makes New $3.35 Million Investment in Forge Global Holdings, Inc. $FRGE

Versor Investments LP acquired a new position in Forge Global Holdings, Inc. (NYSE:FRGE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 75,189 shares of the company’s stock, valued at approximately $3,350,000. Forge Global accounts for approximately 0.5% of Versor Investments LP’s investment portfolio, making the stock its 28th biggest holding. Versor Investments LP owned about 0.54% of Forge Global at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FRGE. AQR Capital Management LLC raised its holdings in Forge Global by 305.0% in the 1st quarter. AQR Capital Management LLC now owns 194,616 shares of the company’s stock worth $109,000 after acquiring an additional 146,565 shares during the last quarter. Millennium Management LLC raised its holdings in Forge Global by 220.7% in the 3rd quarter. Millennium Management LLC now owns 188,260 shares of the company’s stock worth $3,182,000 after acquiring an additional 129,559 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Forge Global in the 2nd quarter worth approximately $1,891,000. ABC Arbitrage SA purchased a new position in Forge Global in the 4th quarter worth approximately $4,213,000. Finally, CIBRA Capital Ltd purchased a new position in Forge Global in the 4th quarter worth approximately $3,340,000. Institutional investors own 40.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Forge Global in a report on Thursday, January 22nd. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $36.00.

Forge Global Price Performance

Shares of Forge Global stock opened at $45.00 on Tuesday. The company has a market cap of $623.03 million, a price-to-earnings ratio of -8.65 and a beta of 2.18. The company’s 50 day moving average is $45.00 and its 200 day moving average is $42.82. Forge Global Holdings, Inc. has a twelve month low of $6.60 and a twelve month high of $45.03.

About Forge Global

Forge Global is a financial technology company that operates a digital marketplace for trading shares in private companies. The platform connects shareholders, including employees and early investors, with accredited and institutional buyers seeking exposure to late-stage private ventures ahead of their initial public offerings. By facilitating secondary transactions, Forge Global aims to provide liquidity solutions that traditionally have been limited in private markets.

The company’s core services include trade execution, settlement, and custody for pre-IPO securities, supported by an integrated suite of portfolio management and data-analytics tools.