Forge Global Holdings, Inc. (NYSE:FRGE - Get Free Report) CRO Jennifer Phillips sold 25,000 shares of Forge Global stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $1.14, for a total transaction of $28,500.00. Following the transaction, the executive now directly owns 829,581 shares in the company, valued at $945,722.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Jennifer Phillips also recently made the following trade(s):
- On Friday, November 1st, Jennifer Phillips sold 25,000 shares of Forge Global stock. The shares were 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 Trading Up 3.5 %
FRGE traded up $0.04 during trading on Tuesday, hitting $1.19. 490,915 shares of the company traded hands, compared to its average volume of 530,388. The company has a market cap of $217.96 million, a PE ratio of -2.70 and a beta of 2.39. The stock's 50-day simple moving average is $1.29 and its two-hundred day simple moving average is $1.47. Forge Global Holdings, Inc. has a 1 year low of $1.11 and a 1 year high of $4.02.
Forge Global (NYSE:FRGE - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.08) earnings per share for the quarter, beating analysts' consensus estimates of ($0.12) by $0.04. The firm had revenue of $22.28 million during the quarter, compared to analyst estimates of $20.24 million. Forge Global had a negative return on equity of 27.75% and a negative net margin of 96.65%. During the same quarter last year, the business posted ($0.12) earnings per share. Equities analysts expect that Forge Global Holdings, Inc. will post -0.34 EPS for the current year.
Institutional Investors Weigh In On Forge Global
Several large investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased 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 purchasing an additional 7,663 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Forge Global by 23.8% during the second 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. Renaissance Technologies LLC raised its stake in Forge Global by 42.2% in the second quarter. Renaissance Technologies LLC now owns 49,900 shares of the company's stock worth $73,000 after buying an additional 14,800 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Forge Global during the third quarter worth $32,000. Finally, Miracle Mile Advisors LLC boosted its position 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 in the last quarter. 40.67% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Separately, UBS Group raised Forge Global from a "neutral" rating to a "buy" rating and set a $3.00 target price on the stock in a research note on Tuesday, September 3rd.
Check Out Our Latest Stock Report on Forge Global
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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