Forge Global Holdings, Inc. (NYSE:FRGE) CRO Sells $159,108.00 in Stock

Forge Global Holdings, Inc. (NYSE:FRGE) CRO Jennifer Phillips sold 159,108 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $1.00, for a total transaction of $159,108.00. Following the completion of the sale, the executive now directly owns 604,728 shares of the company’s stock, valued at approximately $604,728. This represents a 20.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Jennifer Phillips also recently made the following trade(s):

• On Wednesday, December 18th, Jennifer Phillips sold 1,400 shares of Forge Global stock. The stock was sold at an average price of $1.00, for a total transaction of $1,400.00.
• On Monday, December 2nd, Jennifer Phillips sold 50,000 shares of Forge Global stock. The stock was sold at an average price of $1.07, for a total transaction of $53,500.00.

Forge Global Trading Up 0.7 %

NYSE FRGE traded up $0.01 during trading hours on Wednesday, hitting $0.99. 773,956 shares of the company’s stock were exchanged, compared to its average volume of 660,317. Forge Global Holdings, Inc. has a 1-year low of $0.70 and a 1-year high of $3.56. The firm has a market cap of $183.53 million, a price-to-earnings ratio of -2.31 and a beta of 2.30. The stock has a 50-day simple moving average of $0.85 and a 200 day simple moving average of $1.10.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Forge Global in a report on Tuesday, January 7th.

Institutional Investors Weigh In On Forge Global

Large investors have recently added to or reduced their stakes in the company. AWM Investment Company Inc. bought a new stake in Forge Global during the fourth quarter valued at approximately $409,000. ProShare Advisors LLC lifted its holdings in Forge Global by 51.3% in the fourth quarter. ProShare Advisors LLC now owns 32,807 shares of the company’s stock worth $31,000 after buying an additional 11,126 shares during the period. Focus Partners Wealth bought a new position in shares of Forge Global in the 4th quarter worth about $37,000. D. E. Shaw & Co. Inc. purchased a new position in shares of Forge Global in the 4th quarter worth about $32,000. Finally, Deutsche Bank AG increased its holdings in Forge Global by 438.1% in the 4th quarter. Deutsche Bank AG now owns 245,790 shares of the company’s stock worth $229,000 after buying an additional 200,110 shares in the last quarter. Hedge funds and other institutional investors own 40.67% of the company’s stock.

Forge Global Company 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.