Forge Global Holdings, Inc. (NYSE:FRGE) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its position in shares of Forge Global Holdings, Inc. (NYSE:FRGE) by 177.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,725 shares of the company’s stock after buying an additional 10,058 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Forge Global were worth $54,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its position in Forge Global by 0.3% during the fourth quarter. Wells Fargo & Company MN now owns 2,548,972 shares of the company’s stock valued at $8,743,000 after buying an additional 6,487 shares during the period. Abacus Wealth Partners LLC grew its position in shares of Forge Global by 107.3% in the fourth quarter. Abacus Wealth Partners LLC now owns 942,866 shares of the company’s stock valued at $3,234,000 after purchasing an additional 487,959 shares during the period. Summit Trail Advisors LLC grew its position in shares of Forge Global by 8.8% in the fourth quarter. Summit Trail Advisors LLC now owns 321,667 shares of the company’s stock valued at $1,103,000 after purchasing an additional 26,000 shares during the period. Swiss National Bank acquired a new stake in shares of Forge Global in the fourth quarter valued at about $766,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Forge Global in the fourth quarter valued at about $134,000. Institutional investors and hedge funds own 40.67% of the company’s stock.

Forge Global Price Performance

FRGE traded down $0.02 on Monday, reaching $1.90. 310,377 shares of the company’s stock were exchanged, compared to its average volume of 753,025. The stock has a market cap of $342.78 million, a PE ratio of -3.65 and a beta of 2.57. Forge Global Holdings, Inc. has a twelve month low of $1.10 and a twelve month high of $4.02. The stock’s fifty day moving average price is $1.98 and its 200-day moving average price is $2.43.

Forge Global (NYSE:FRGE) last posted its quarterly earnings results on Tuesday, March 26th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). The business had revenue of $19.06 million for the quarter, compared to analyst estimates of $20.01 million. Forge Global had a negative return on equity of 29.03% and a negative net margin of 129.22%. As a group, research analysts predict that Forge Global Holdings, Inc. will post -0.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Kelly Rodriques sold 20,803 shares of the business’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $1.84, for a total transaction of $38,277.52. Following the transaction, the chief executive officer now directly owns 10,437,708 shares in the company, valued at $19,205,382.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 95,621 shares of company stock worth $181,654. 11.26% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on FRGE shares. JMP Securities reiterated a “market outperform” rating and issued a $7.00 target price on shares of Forge Global in a research report on Tuesday, April 9th. Oppenheimer reiterated an “outperform” rating and issued a $3.50 target price on shares of Forge Global in a research report on Wednesday, March 27th.

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.