Kelly Rodriques, CEO of Forge Global Holdings, Inc. (NYSE:FRGE – Free Report) sold 24,562 shares of Forge Global stock in a transaction that occurred on Friday, August 9. The shares were sold at an average price of $1.31, for a total transaction of $32,176.22. Following the completion of the transaction, the CEO now directly owns 9,164,582 shares of the company’s stock, valued at approximately $12,005,602.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Kelly Rodriques also recently made the following trades:
- On Monday, August 12, Kelly Rodriques sold 108,646 shares of Forge Global. The average price of the shares was $1.23, for a total value of $133,634.58.
- On Monday, July 22, Kelly Rodriques sold 65,109 shares of Forge Global. The average price of the shares was $1.46, for a total value of $95,059.14.
- On Monday, July 15, Kelly Rodriques sold 150,000 shares of Forge Global. The average price of the shares was $1.42, for a total value of $213,000.00.
- On Friday, July 12, Kelly Rodriques sold 165,000 shares of Forge Global. The shares were sold at an average price of $1.41, for a total transaction of $232,650.00.
- On Wednesday, July 10, Kelly Rodriques sold 85,000 shares of Forge Global. The average price of the shares was $1.39, for a total transaction of $118,150.00.
- On Monday, July 8, Kelly Rodriques sold 65,000 shares of Forge Global. The shares were sold at an average price of $1.42, for a total transaction of $92,300.00.
- On Monday, June 3, Kelly Rodriques sold 25,000 shares of Forge Global. The shares were sold at an average price of $1.53, for a total value of $38,250.00.
- On Wednesday, May 22, Kelly Rodriques sold 33,762 shares of Forge Global. The shares were sold at an average price of $1.81, for a total value of $61,109.22.
Forge Global shares rise 9.8%
NYSE:FRGE opened at $1.34 on Wednesday. Forge Global Holdings, Inc. has a twelve month low of $1.17 and a twelve month high of $4.02. The company has a market cap of $242.59 million, a price-to-earnings ratio of -2.68 and a beta of 2.39. The stock’s 50-day moving average price is $1.45 and its 200-day moving average price is $1.75.
Forge Global (NYSE:FRGE – Get Free Report) last released its earnings results on Wednesday, August 7. The company reported earnings per share of -$0.08 for the quarter, beating analysts’ consensus estimates of -$0.12 by $0.04. The company had revenue of $22.28 million for the quarter, compared to the consensus estimate of $20.24 million. Forge Global had a negative net margin of 119.12% and a negative return on equity of 29.55%. During the same period last year, the company generated earnings per share of -$0.12. As a group, analysts expect Forge Global Holdings, Inc. to report earnings per share of -$0.42 for the current year.
Institutional investors comment on Forge Global
A number of institutional investors and hedge funds have recently changed their holdings in FRGE. Miracle Mile Advisors LLC acquired a new position in Forge Global in the first quarter valued at about $29,000. Norden Group LLC acquired a new position in shares of Forge Global in the second quarter valued at about $53,000. Tower Research Capital LLC TRC increased its holdings in shares of Forge Global by 177.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 15,725 shares of the company’s stock valued at $54,000 after acquiring an additional 10,058 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Forge Global by 29.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 33,686 shares of the company’s stock valued at $66,000 after acquiring an additional 7,663 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Forge Global by 42.2% during the 2nd quarter. Renaissance Technologies LLC now owns 49,900 shares of the company’s stock valued at $73,000 after purchasing an additional 14,800 shares during the last quarter. 40.67% of the shares are owned by institutional investors.
Forge Global Company Profile
(Get free report)
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 shareholders of private companies and enables them to conduct private equity transactions, and Custody Solutions, a non-custodian trust that enables clients to securely hold and manage assets through an online portal.
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