Forge Global Holdings, Inc. (NYSE:FRGE - Get Free Report) 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 transaction of $28,500.00. Following the completion of the sale, the executive now owns 854,581 shares in the company, valued at approximately $974,222.34. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Jennifer Phillips also recently made the following trade(s):
- On Monday, November 4th, Jennifer Phillips sold 25,000 shares of Forge Global stock. The stock was sold at an average price of $1.14, for a total transaction of $28,500.00.
- On Thursday, October 24th, Jennifer Phillips sold 38,916 shares of Forge Global stock. The stock was sold at an average price of $1.21, for a total value of $47,088.36.
- On Tuesday, October 22nd, Jennifer Phillips sold 50,000 shares of Forge Global stock. The shares were sold at an average price of $1.28, for a total value of $64,000.00.
Forge Global Stock Up 3.5 %
Shares of FRGE stock traded up $0.04 during trading hours on Tuesday, hitting $1.19. 490,915 shares of the company's stock traded hands, compared to its average volume of 530,388. The stock's fifty day simple moving average is $1.29 and its two-hundred day simple moving average is $1.47. Forge Global Holdings, Inc. has a 12-month low of $1.11 and a 12-month high of $4.02. The stock has a market cap of $217.96 million, a price-to-earnings ratio of -2.70 and a beta of 2.39.
Forge Global (NYSE:FRGE - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.04. Forge Global had a negative return on equity of 27.75% and a negative net margin of 96.65%. The business had revenue of $22.28 million for the quarter, compared to the consensus estimate of $20.24 million. During the same period in the previous year, the company posted ($0.12) earnings per share. On average, equities analysts forecast that Forge Global Holdings, Inc. will post -0.34 earnings per share for the current fiscal year.
Institutional Trading of Forge Global
A number of institutional investors and hedge funds have recently bought and sold shares of FRGE. First Eagle Investment Management LLC bought a new stake in shares of Forge Global in the 1st quarter worth $261,000. Vanguard Group Inc. increased its holdings in Forge Global by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 5,539,496 shares of the company's stock worth $10,691,000 after buying an additional 93,139 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Forge Global by 29.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,686 shares of the company's stock worth $66,000 after buying an additional 7,663 shares during the last quarter. Miracle Mile Advisors LLC lifted its stake in Forge Global by 166.7% during the 2nd quarter. Miracle Mile Advisors LLC now owns 40,000 shares of the company's stock valued at $58,000 after acquiring an additional 25,000 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Forge Global by 23.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 373,341 shares of the company's stock valued at $545,000 after acquiring an additional 70,058 shares during the last quarter. 40.67% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, UBS Group upgraded Forge Global from a "neutral" rating to a "buy" rating and set a $3.00 price objective for the company in a report on Tuesday, September 3rd.
Check Out Our Latest Analysis on FRGE
About Forge Global
(
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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.
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