Charles Schwab Investment Management Inc. Buys 36,913 Shares of Forge Global Holdings, Inc. (NYSE:FRGE)

Charles Schwab Investment Management Inc. boosted its position in shares of Forge Global Holdings, Inc. (NYSE:FRGE) by 4.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 965,837 shares of the company’s stock after purchasing an additional 36,913 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.53% of Forge Global worth $1,265,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FRGE. GSA Capital Partners LLP purchased a new stake in shares of Forge Global during the third quarter valued at approximately $96,000. SG Americas Securities LLC bought a new stake in shares of Forge Global in the 3rd quarter worth $32,000. The Manufacturers Life Insurance Company raised its stake in shares of Forge Global by 23.8% in the second quarter. The Manufacturers Life Insurance Company now owns 49,008 shares of the company’s stock worth $72,000 after purchasing an additional 9,406 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in shares of Forge Global by 1,068.2% during the second quarter. Squarepoint Ops LLC now owns 164,454 shares of the company’s stock valued at $240,000 after purchasing an additional 150,376 shares in the last quarter. Finally, Interval Partners LP purchased a new stake in shares of Forge Global during the second quarter valued at $373,000. 40.67% of the stock is currently owned by institutional investors.

Insider Activity at Forge Global

In related news, CEO Kelly Rodriques sold 50,000 shares of Forge Global stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1.33, for a total transaction of $66,500.00. Following the transaction, the chief executive officer now owns 8,476,028 shares in the company, valued at approximately $11,273,117.24. The trade was a 0.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Jennifer Phillips sold 25,000 shares of the stock in a transaction on Friday, November 1st. The stock was 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 854,581 shares of the company’s stock, valued at $974,222.34. The trade was a 2.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 352,781 shares of company stock worth $396,231. Corporate insiders own 9.84% of the company’s stock.

Forge Global Stock Down 6.5 %

Forge Global stock opened at $0.96 on Wednesday. The business has a 50-day simple moving average of $1.12 and a two-hundred day simple moving average of $1.30. Forge Global Holdings, Inc. has a 52-week low of $0.80 and a 52-week high of $4.02. The company has a market cap of $178.22 million, a P/E ratio of -2.24 and a beta of 2.30.

Forge Global (NYSE:FRGE) last announced its earnings results 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 net margin of 95.85% and a negative return on equity of 29.04%. The business had revenue of $19.22 million for the quarter, compared to analysts’ expectations of $22.80 million. Research analysts anticipate that Forge Global Holdings, Inc. will post -0.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, UBS Group raised shares of Forge Global from a “neutral” rating to a “buy” rating and set a $3.00 price target on the stock 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.