73,383 Shares in Forge Global Holdings, Inc. (NYSE:FRGE) Bought by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new position in Forge Global Holdings, Inc. (NYSE:FRGE) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 73,383 shares of the company’s stock, valued at approximately $96,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Forge Global by 29.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 33,686 shares of the company’s stock worth $66,000 after buying an additional 7,663 shares during the period. The Manufacturers Life Insurance Company raised its stake in Forge Global by 23.8% in 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 last quarter. Renaissance Technologies LLC lifted its position in Forge Global by 42.2% during the 2nd quarter. Renaissance Technologies LLC now owns 49,900 shares of the company’s stock worth $73,000 after acquiring an additional 14,800 shares during the period. SG Americas Securities LLC purchased a new stake in Forge Global during the 3rd quarter valued at about $32,000. Finally, Miracle Mile Advisors LLC increased its holdings in shares of Forge Global by 166.7% in the second quarter. Miracle Mile Advisors LLC now owns 40,000 shares of the company’s stock valued at $58,000 after purchasing an additional 25,000 shares during the period. 40.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CRO Jennifer Phillips sold 25,000 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $1.14, for a total value of $28,500.00. Following the completion of the sale, the executive now owns 829,581 shares of the company’s stock, valued at approximately $945,722.34. The trade was a 2.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kelly Rodriques sold 40,000 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $1.28, for a total transaction of $51,200.00. Following the transaction, the chief executive officer now directly owns 8,704,400 shares in the company, valued at approximately $11,141,632. The trade was a 0.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 368,363 shares of company stock valued at $445,736. 9.84% of the stock is owned by company insiders.

Forge Global Stock Performance

NYSE:FRGE opened at $1.08 on Tuesday. Forge Global Holdings, Inc. has a one year low of $0.80 and a one year high of $4.02. The firm has a market cap of $199.81 million, a price-to-earnings ratio of -2.51 and a beta of 2.39. The firm’s fifty day moving average is $1.19 and its two-hundred day moving average is $1.38.

Forge Global (NYSE:FRGE) last issued 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). Forge Global had a negative return on equity of 29.04% and a negative net margin of 95.85%. The firm had revenue of $19.22 million for the quarter, compared to analyst estimates of $22.80 million. As a group, equities research analysts predict that Forge Global Holdings, Inc. will post -0.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised Forge Global from a “neutral” rating to a “buy” rating and set a $3.00 target price for the company in a report on Tuesday, September 3rd.

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.