Barclays PLC Purchases 110,549 Shares of Forge Global Holdings, Inc. (NYSE:FRGE)

Barclays PLC grew its position in Forge Global Holdings, Inc. (NYSE:FRGE) by 278.5% during the third quarter, HoldingsChannel reports. The firm owned 150,241 shares of the company’s stock after buying an additional 110,549 shares during the period. Barclays PLC’s holdings in Forge Global were worth $197,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FRGE. State Street Corp lifted its holdings in Forge Global by 1.2% in the third quarter. State Street Corp now owns 2,263,898 shares of the company’s stock valued at $2,966,000 after buying an additional 25,833 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Forge Global by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 965,837 shares of the company’s stock worth $1,265,000 after acquiring an additional 36,913 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Forge Global in the 3rd quarter valued at about $96,000. SG Americas Securities LLC bought a new stake in shares of Forge Global during the 3rd quarter valued at about $32,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of 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 purchasing an additional 9,406 shares in the last quarter. 40.67% of the stock is currently owned by institutional investors and hedge funds.

Forge Global Stock Performance

Shares of FRGE stock opened at $0.88 on Tuesday. Forge Global Holdings, Inc. has a fifty-two week low of $0.80 and a fifty-two week high of $3.56. The stock has a 50 day simple moving average of $1.02 and a two-hundred day simple moving average of $1.24. The company has a market cap of $162.81 million, a P/E ratio of -2.05 and a beta of 2.33.

Forge Global (NYSE:FRGE) last released its earnings results on Wednesday, November 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The company had revenue of $19.22 million for the quarter, compared to analyst estimates of $22.80 million. Forge Global had a negative net margin of 95.85% and a negative return on equity of 29.04%. On average, research analysts predict that Forge Global Holdings, Inc. will post -0.37 earnings per share for the current year.

Insider Activity

In related news, CRO Jennifer Phillips sold 25,000 shares of Forge Global stock in a transaction on Friday, November 1st. The shares were sold at an average price of $1.14, for a total value of $28,500.00. Following the completion of the sale, the executive now owns 854,581 shares of the company’s stock, valued at approximately $974,222.34. This trade represents a 2.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Kelly Rodriques sold 50,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1.33, for a total transaction of $66,500.00. Following the transaction, the chief executive officer now owns 8,476,028 shares in the company, valued at approximately $11,273,117.24. The trade was a 0.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 354,181 shares of company stock worth $397,631. Company insiders own 9.84% of the company’s stock.

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.