Geode Capital Management LLC Raises Stock Holdings in Forge Global Holdings, Inc. (NYSE:FRGE)

Geode Capital Management LLC increased its stake in Forge Global Holdings, Inc. (NYSE:FRGE) by 0.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,619,886 shares of the company’s stock after purchasing an additional 18,913 shares during the period. Geode Capital Management LLC owned approximately 1.42% of Forge Global worth $3,433,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of FRGE. State Street Corp lifted its stake in Forge Global by 1.2% during the third quarter. State Street Corp now owns 2,263,898 shares of the company’s stock worth $2,966,000 after purchasing an additional 25,833 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Forge Global by 4.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 965,837 shares of the company’s stock valued at $1,265,000 after buying an additional 36,913 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Forge Global by 23.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 373,341 shares of the company’s stock valued at $545,000 after buying an additional 70,058 shares in the last quarter. Interval Partners LP bought a new stake in Forge Global in the 2nd quarter worth approximately $373,000. Finally, First Eagle Investment Management LLC boosted its stake in Forge Global by 64.4% in the second quarter. First Eagle Investment Management LLC now owns 221,959 shares of the company’s stock worth $324,000 after buying an additional 86,959 shares in the last quarter. 40.67% of the stock is owned by hedge funds and other institutional investors.

Forge Global Price Performance

Shares of NYSE FRGE opened at $0.88 on Tuesday. The stock has a market capitalization of $162.81 million, a P/E ratio of -2.05 and a beta of 2.33. Forge Global Holdings, Inc. has a one year low of $0.80 and a one year high of $3.56. The firm’s 50 day simple moving average is $1.02 and its two-hundred day simple moving average is $1.24.

Forge Global (NYSE:FRGE) last released its earnings results on Wednesday, November 6th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The business had revenue of $19.22 million for the quarter, compared to the consensus estimate of $22.80 million. Forge Global had a negative net margin of 95.85% and a negative return on equity of 29.04%. As a group, equities analysts expect that Forge Global Holdings, Inc. will post -0.37 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Kelly Rodriques sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1.33, for a total transaction of $66,500.00. Following the transaction, the chief executive officer now directly owns 8,476,028 shares in the company, valued at $11,273,117.24. This trade represents a 0.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Jennifer Phillips sold 25,000 shares of the business’s stock in a transaction that occurred 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 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 354,181 shares of company stock valued at $397,631. 9.84% of the stock is currently owned by insiders.

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.