Forge Global Holdings, Inc. (NYSE:FRGE) CRO Sells $47,088.36 in Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CRO Jennifer Phillips sold 38,916 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $1.21, for a total transaction of $47,088.36. Following the sale, the executive now directly owns 879,581 shares in the company, valued at $1,064,293.01. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, October 22nd, Jennifer Phillips sold 50,000 shares of Forge Global stock. The stock was sold at an average price of $1.28, for a total transaction of $64,000.00.

Forge Global Price Performance

FRGE stock opened at $1.19 on Friday. Forge Global Holdings, Inc. has a one year low of $1.16 and a one year high of $4.02. The stock has a market cap of $215.44 million, a PE ratio of -2.38 and a beta of 2.37. The firm has a 50 day simple moving average of $1.33 and a two-hundred day simple moving average of $1.52.

Forge Global (NYSE:FRGE) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. Forge Global had a negative net margin of 96.65% and a negative return on equity of 27.75%. The business had revenue of $22.28 million during the quarter, compared to analysts’ expectations of $20.24 million. During the same quarter in the previous year, the company earned ($0.12) EPS. On average, research analysts expect that Forge Global Holdings, Inc. will post -0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Forge Global

Several institutional investors have recently added to or reduced their stakes in FRGE. Miracle Mile Advisors LLC purchased a new stake in Forge Global during the 1st quarter valued at $29,000. SG Americas Securities LLC purchased a new stake in Forge Global during the 3rd quarter valued at $32,000. Norden Group LLC purchased a new stake in Forge Global during the 2nd quarter valued at $53,000. Price T Rowe Associates Inc. MD boosted its position in Forge Global by 29.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,686 shares of the company’s stock valued at $66,000 after buying an additional 7,663 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in Forge Global by 23.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,008 shares of the company’s stock valued at $72,000 after buying an additional 9,406 shares during the period. Hedge funds and other institutional investors own 40.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised shares of 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.

Forge Global Company 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.