Forge Global Holdings, Inc. (NYSE:FRGE) Shares Bought by First Eagle Investment Management LLC

First Eagle Investment Management LLC raised its holdings in Forge Global Holdings, Inc. (NYSE:FRGE) by 64.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 221,959 shares of the company’s stock after acquiring an additional 86,959 shares during the quarter. First Eagle Investment Management LLC owned 0.12% of Forge Global worth $324,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Miracle Mile Advisors LLC acquired a new stake in Forge Global in the 1st quarter valued at about $29,000. Price T Rowe Associates Inc. MD lifted its holdings in Forge Global by 29.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,686 shares of the company’s stock valued at $66,000 after acquiring an additional 7,663 shares during the last quarter. Norden Group LLC acquired a new stake in Forge Global in the 2nd quarter valued at about $53,000. Renaissance Technologies LLC lifted its holdings in 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 acquiring an additional 14,800 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Forge Global in the 4th quarter valued at about $289,000. 40.67% of the stock is owned by institutional investors and hedge funds.

Forge Global Trading Down 6.6 %

FRGE stock opened at $1.28 on Friday. Forge Global Holdings, Inc. has a one year low of $1.17 and a one year high of $4.02. The firm has a market capitalization of $231.73 million, a PE ratio of -2.56 and a beta of 2.38. The firm has a 50-day moving average of $1.39 and a two-hundred day moving average of $1.64.

Forge Global (NYSE:FRGE) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.04. The company had revenue of $22.28 million during the quarter, compared to analyst estimates of $20.24 million. Forge Global had a negative net margin of 96.65% and a negative return on equity of 27.75%. During the same period in the prior year, the firm earned ($0.12) earnings per share. On average, equities research analysts anticipate that Forge Global Holdings, Inc. will post -0.34 earnings per share for the current 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 objective for the company in a research note on Tuesday, September 3rd.

Insider Transactions at Forge Global

In other news, CEO Kelly Rodriques sold 85,000 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $1.39, for a total value of $118,150.00. Following the completion of the sale, the chief executive officer now directly owns 10,009,551 shares of the company’s stock, valued at $13,913,275.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Kelly Rodriques sold 85,000 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $1.39, for a total value of $118,150.00. Following the completion of the sale, the chief executive officer now directly owns 10,009,551 shares of the company’s stock, valued at $13,913,275.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Drew Sievers sold 24,051 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1.30, for a total transaction of $31,266.30. Following the completion of the sale, the chief operating officer now directly owns 832,444 shares of the company’s stock, valued at $1,082,177.20. The disclosure for this sale can be found here. Insiders sold 856,899 shares of company stock valued at $1,168,993 over the last three months. 9.84% of the stock is owned by corporate 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.