SG Americas Securities LLC Has $61,000 Stock Holdings in Forge Global Holdings, Inc. (NYSE:FRGE)

SG Americas Securities LLC grew its position in shares of Forge Global Holdings, Inc. (NYSE:FRGE) by 167.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,361 shares of the company’s stock after purchasing an additional 40,908 shares during the quarter. SG Americas Securities LLC’s holdings in Forge Global were worth $61,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of Forge Global by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,619,886 shares of the company’s stock valued at $3,433,000 after purchasing an additional 18,913 shares in the last quarter. State Street Corp boosted its stake in shares of Forge Global by 1.2% during the third quarter. State Street Corp now owns 2,263,898 shares of the company’s stock valued at $2,966,000 after purchasing an additional 25,833 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Forge Global by 4.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 965,837 shares of the company’s stock valued at $1,265,000 after purchasing an additional 36,913 shares in the last quarter. Barclays PLC boosted its stake in shares of Forge Global by 278.5% during the third quarter. Barclays PLC now owns 150,241 shares of the company’s stock valued at $197,000 after purchasing an additional 110,549 shares in the last quarter. Finally, Miracle Mile Advisors LLC boosted its stake in shares of Forge Global by 116.8% during the fourth quarter. Miracle Mile Advisors LLC now owns 86,700 shares of the company’s stock valued at $81,000 after purchasing an additional 46,700 shares in the last quarter. 40.67% of the stock is owned by institutional investors and hedge funds.

Forge Global Price Performance

Shares of FRGE opened at $0.85 on Friday. Forge Global Holdings, Inc. has a 1 year low of $0.70 and a 1 year high of $3.56. The company has a market capitalization of $158.00 million, a price-to-earnings ratio of -1.99 and a beta of 2.30. The business has a 50-day moving average of $0.86 and a 200-day moving average of $1.11.

Insiders Place Their Bets

In other Forge Global news, CRO Jennifer Phillips sold 50,000 shares of Forge Global stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $1.07, for a total value of $53,500.00. Following the completion of the sale, the executive now directly owns 744,018 shares in the company, valued at approximately $796,099.26. The trade was a 6.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Kelly Rodriques sold 25,000 shares of Forge Global stock in a transaction that occurred 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 owns 8,153,110 shares of the company’s stock, valued at approximately $8,479,234.40. The trade was a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 190,265 shares of company stock worth $181,042. 9.84% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Forge Global 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.