SG Americas Securities LLC Invests $32,000 in Forge Global Holdings, Inc. (NYSE:FRGE)

SG Americas Securities LLC bought a new stake in Forge Global Holdings, Inc. (NYSE:FRGE) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 24,453 shares of the company’s stock, valued at approximately $32,000.

Other hedge funds have also bought and sold shares of the company. Miracle Mile Advisors LLC acquired a new stake in Forge Global during the 1st quarter valued at $29,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Forge Global by 29.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,686 shares of the company’s stock worth $66,000 after buying an additional 7,663 shares during the last quarter. Norden Group LLC bought a new stake in shares of Forge Global during the 2nd quarter worth about $53,000. The Manufacturers Life Insurance Company grew its stake in Forge Global by 23.8% in the 2nd 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 last quarter. Finally, Renaissance Technologies LLC raised 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 period. 40.67% of the stock is currently owned by institutional investors and hedge funds.

Forge Global Stock Performance

Shares of Forge Global stock opened at $1.21 on Wednesday. Forge Global Holdings, Inc. has a 52-week low of $1.16 and a 52-week high of $4.02. The stock has a market cap of $218.15 million, a PE ratio of -2.41 and a beta of 2.37. The firm has a 50-day moving average of $1.32 and a 200-day moving average of $1.50.

Forge Global (NYSE:FRGE) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.04. Forge Global had a negative net margin of 96.65% and a negative return on equity of 27.75%. The firm had revenue of $22.28 million during the quarter, compared to the consensus estimate of $20.24 million. During the same quarter in the previous year, the firm posted ($0.12) EPS. Equities research analysts predict that Forge Global Holdings, Inc. will post -0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised Forge Global from a “neutral” rating to a “buy” rating and set a $3.00 target price on the stock in a research report on Tuesday, September 3rd.

Insider Buying and Selling

In other Forge Global news, COO Drew Sievers sold 24,051 shares of Forge Global stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1.30, for a total value of $31,266.30. Following the completion of the transaction, the chief operating officer now directly owns 832,444 shares of the company’s stock, valued at $1,082,177.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CRO Jennifer Phillips sold 38,916 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $1.21, for a total transaction of $47,088.36. Following the sale, the executive now owns 879,581 shares in the company, valued at approximately $1,064,293.01. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Drew Sievers sold 24,051 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $1.30, for a total transaction of $31,266.30. Following the transaction, the chief operating officer now owns 832,444 shares of the company’s stock, valued at approximately $1,082,177.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 465,706 shares of company stock valued at $595,423 over the last 90 days. 9.84% of the stock is owned by corporate insiders.

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.