Forge Global Holdings, Inc. (NYSE:FRGE – Get Rating) shares were down 1.9% during mid-day trading on Wednesday . The stock traded as low as $1.51 and last traded at $1.52. Approximately 282,739 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 1,141,667 shares. The stock had previously closed at $1.55.

Wall Street Analyst Weigh In

Several analysts have issued reports on FRGE shares. UBS Group started coverage on Forge Global in a research note on Wednesday, November 30th. They issued a "neutral" rating and a $1.75 price target on the stock. Piper Sandler started coverage on Forge Global in a research note on Tuesday, November 22nd. They issued a "neutral" rating and a $1.75 price target on the stock.

Forge Global Stock Down 1.9 %

The stock's 50-day moving average price is $1.50 and its 200 day moving average price is $3.92.

Insider Activity

In other news, Director Kimberley H. Vogel bought 30,303 shares of the company's stock in a transaction dated Friday, November 11th. The shares were bought at an average cost of $1.65 per share, with a total value of $49,999.95. Following the acquisition, the director now owns 54,303 shares in the company, valued at $89,599.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Kimberley H. Vogel acquired 33,000 shares of Forge Global stock in a transaction dated Thursday, November 17th. The stock was bought at an average price of $1.51 per share, for a total transaction of $49,830.00. Following the completion of the acquisition, the director now directly owns 33,000 shares in the company, valued at approximately $49,830. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kimberley H. Vogel acquired 30,303 shares of Forge Global stock in a transaction dated Friday, November 11th. The shares were purchased at an average price of $1.65 per share, with a total value of $49,999.95. Following the acquisition, the director now owns 54,303 shares of the company's stock, valued at $89,599.95. The disclosure for this purchase can be found here. 20.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Forge Global

Institutional investors and hedge funds have recently modified their holdings of the business. Lasry Marc bought a new position in Forge Global during the 1st quarter worth $8,095,000. Summit Trail Advisors LLC acquired a new position in shares of Forge Global in the 2nd quarter valued at approximately $2,652,000. State Street Corp acquired a new position in shares of Forge Global in the 1st quarter valued at approximately $268,000. Penserra Capital Management LLC acquired a new position in shares of Forge Global in the 1st quarter valued at approximately $193,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Forge Global in the 3rd quarter valued at approximately $121,000. 13.68% of the stock is currently owned by institutional investors and hedge funds.

Forge Global Company Profile

(Get Rating)

Forge Global Holdings, Inc provides marketplace infrastructure, data services, and technology solutions for private market participants. It enables private company shareholders to trade private company shares with accredited investors. The company was founded in 2014 and is based in San Francisco, California.

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