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

Barclays PLC lifted its stake in Forge Global Holdings, Inc. (NYSE:FRGE) by 278.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 150,241 shares of the company’s stock after buying an additional 110,549 shares during the period. Barclays PLC owned approximately 0.08% of Forge Global worth $197,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in FRGE. SG Americas Securities LLC bought a new stake in shares of Forge Global in the third quarter valued at approximately $32,000. The Manufacturers Life Insurance Company boosted 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 valued at $72,000 after buying an additional 9,406 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Forge Global by 42.2% in the second quarter. Renaissance Technologies LLC now owns 49,900 shares of the company’s stock valued at $73,000 after buying an additional 14,800 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Forge Global in the third quarter valued at approximately $96,000. Finally, Squarepoint Ops LLC lifted its stake in Forge Global by 1,068.2% during the second quarter. Squarepoint Ops LLC now owns 164,454 shares of the company’s stock worth $240,000 after purchasing an additional 150,376 shares during the last quarter. 40.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insider Transactions at Forge Global

In related news, CEO Kelly Rodriques sold 25,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $1.04, for a total value of $26,000.00. Following the completion of the sale, the chief executive officer now directly owns 8,153,110 shares in the company, valued at $8,479,234.40. This represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Jennifer Phillips sold 38,916 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $1.21, for a total value of $47,088.36. Following the completion of the sale, the executive now owns 879,581 shares of the company’s stock, valued at $1,064,293.01. The trade was a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 304,181 shares of company stock worth $307,131. Corporate insiders own 9.84% of the company’s stock.

Forge Global Price Performance

NYSE FRGE opened at $0.74 on Wednesday. The business has a fifty day moving average price of $0.94 and a two-hundred day moving average price of $1.20. Forge Global Holdings, Inc. has a fifty-two week low of $0.70 and a fifty-two week high of $3.56. The stock has a market capitalization of $136.35 million, a PE ratio of -1.71 and a beta of 2.33.

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

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.