Temasek Holdings Private Ltd Decreases Stake in Forge Global Holdings, Inc. (NYSE:FRGE)

Temasek Holdings Private Ltd cut its position in shares of Forge Global Holdings, Inc. (NYSE:FRGE - Free Report) by 10.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,684,918 shares of the company's stock after selling 922,794 shares during the period. Temasek Holdings Private Ltd owned about 4.15% of Forge Global worth $10,067,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in FRGE. SG Americas Securities LLC acquired a new position in shares of Forge Global during the third quarter valued at about $32,000. Norden Group LLC purchased a new stake in shares of Forge Global during the second quarter valued at $53,000. Miracle Mile Advisors LLC increased its position in shares of Forge Global by 166.7% in 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. Price T Rowe Associates Inc. MD raised its stake 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 acquiring an additional 7,663 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted 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 worth $72,000 after acquiring an additional 9,406 shares during the period. Hedge funds and other institutional investors own 40.67% of the company's stock.

Forge Global Trading Up 7.8 %

FRGE stock traded up $0.08 during midday trading on Friday, hitting $1.04. 671,416 shares of the company's stock were exchanged, compared to its average volume of 545,073. The business has a 50-day simple moving average of $1.15 and a two-hundred day simple moving average of $1.35. The stock has a market capitalization of $192.41 million, a PE ratio of -2.48 and a beta of 2.30. Forge Global Holdings, Inc. has a 1-year low of $0.80 and a 1-year high of $4.02.

Forge Global (NYSE:FRGE - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.10) 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 return on equity of 29.04% and a negative net margin of 95.85%. As a group, research analysts expect that Forge Global Holdings, Inc. will post -0.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other Forge Global news, CEO Kelly Rodriques sold 18,405 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1.36, for a total value of $25,030.80. Following the completion of the transaction, the chief executive officer now directly owns 8,600,995 shares of the company's stock, valued at approximately $11,697,353.20. This trade represents a 0.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Jennifer Phillips sold 50,000 shares of Forge Global stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $1.28, for a total transaction of $64,000.00. Following the completion of the sale, the executive now directly owns 968,497 shares of the company's stock, valued at $1,239,676.16. The trade was a 4.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 397,228 shares of company stock worth $461,479. 9.84% of the stock is owned by insiders.

Analyst Ratings Changes

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 research note on Tuesday, September 3rd.

Forge Global 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.