Forge Global Holdings, Inc. (NYSE:FRGE – Get Free Report) CEO Kelly Rodriques sold 20,803 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $1.84, for a total value of $38,277.52. Following the sale, the chief executive officer now directly owns 10,437,708 shares in the company, valued at approximately $19,205,382.72. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Kelly Rodriques also recently made the following trade(s):
- On Monday, March 4th, Kelly Rodriques sold 27,566 shares of Forge Global stock. The stock was sold at an average price of $1.98, for a total value of $54,580.68.
- On Friday, March 1st, Kelly Rodriques sold 22,434 shares of Forge Global stock. The stock was sold at an average price of $2.00, for a total value of $44,868.00.
- On Tuesday, February 6th, Kelly Rodriques sold 24,818 shares of Forge Global stock. The stock was sold at an average price of $1.77, for a total value of $43,927.86.
Forge Global Stock Performance
Forge Global stock traded up $0.05 during trading on Thursday, reaching $1.88. 675,205 shares of the company’s stock were exchanged, compared to its average volume of 775,967. The company’s 50-day moving average is $1.98 and its two-hundred day moving average is $2.44. Forge Global Holdings, Inc. has a 52-week low of $1.10 and a 52-week high of $4.02. The firm has a market cap of $336.56 million, a price-to-earnings ratio of -3.58 and a beta of 2.57.
Hedge Funds Weigh In On Forge Global
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citigroup Inc. purchased a new position in Forge Global in the 1st quarter valued at about $28,000. Penserra Capital Management LLC purchased a new position in Forge Global in the 1st quarter valued at about $193,000. Rhumbline Advisers boosted its position in Forge Global by 4.6% in the 3rd quarter. Rhumbline Advisers now owns 130,470 shares of the company’s stock valued at $265,000 after buying an additional 5,703 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Forge Global by 0.3% during the fourth quarter. Wells Fargo & Company MN now owns 2,548,972 shares of the company’s stock worth $8,743,000 after purchasing an additional 6,487 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Forge Global by 2.0% during the third quarter. State Street Corp now owns 334,117 shares of the company’s stock worth $585,000 after purchasing an additional 6,500 shares during the last quarter. 40.67% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on FRGE shares. Oppenheimer restated an “outperform” rating and set a $3.50 price objective on shares of Forge Global in a report on Wednesday, March 27th. JMP Securities reaffirmed a “market outperform” rating and set a $7.00 price target on shares of Forge Global in a research report on Tuesday, April 9th.
Read Our Latest Stock Report on Forge Global
About Forge Global
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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