Barclays PLC Purchases 110,549 Shares of Forge Global Holdings, Inc. (NYSE:FRGE)

Barclays PLC boosted its holdings in shares of Forge Global Holdings, Inc. (NYSE:FRGE) by 278.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 150,241 shares of the company’s stock after purchasing an additional 110,549 shares during the period. Barclays PLC owned about 0.08% of Forge Global worth $197,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Forge Global during the 3rd quarter worth $32,000. Norden Group LLC acquired a new position in Forge Global during the second quarter worth about $53,000. The Manufacturers Life Insurance Company lifted its holdings 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 acquiring an additional 9,406 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Forge Global by 42.2% in 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 in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Forge Global during the 3rd quarter valued at approximately $96,000. Institutional investors and hedge funds own 40.67% of the company’s stock.

Forge Global Price Performance

Shares of NYSE:FRGE opened at $0.88 on Tuesday. Forge Global Holdings, Inc. has a one year low of $0.80 and a one year high of $3.56. The company has a market cap of $162.81 million, a price-to-earnings ratio of -2.05 and a beta of 2.33. The firm has a 50 day simple moving average of $1.02 and a 200 day simple moving average of $1.24.

Forge Global (NYSE:FRGE) last announced its quarterly 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 firm had revenue of $19.22 million during the quarter, compared to the consensus estimate of $22.80 million. As a group, analysts expect that Forge Global Holdings, Inc. will post -0.37 EPS for the current year.

Insider Buying and Selling at Forge Global

In related news, CRO Jennifer Phillips sold 25,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $1.14, for a total value of $28,500.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Kelly Rodriques sold 50,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1.33, for a total value of $66,500.00. Following the transaction, the chief executive officer now directly owns 8,476,028 shares of the company’s stock, valued at approximately $11,273,117.24. This represents a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 354,181 shares of company stock worth $397,631. 9.84% of the stock is currently owned by insiders.

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.