Strs Ohio Purchases Shares of 12,800 Forge Global Holdings, Inc. $FRGE

Strs Ohio purchased a new stake in shares of Forge Global Holdings, Inc. (NYSE:FRGE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,800 shares of the company’s stock, valued at approximately $570,000. Strs Ohio owned 0.09% of Forge Global at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its position in Forge Global by 303.8% during the third quarter. BNP Paribas Financial Markets now owns 2,144 shares of the company’s stock valued at $36,000 after acquiring an additional 1,613 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Forge Global by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,888 shares of the company’s stock valued at $39,000 after acquiring an additional 2,964 shares during the period. CWM LLC grew its position in Forge Global by 27.8% during the third quarter. CWM LLC now owns 4,409 shares of the company’s stock valued at $75,000 after acquiring an additional 960 shares during the period. AQR Capital Management LLC grew its position in Forge Global by 305.0% during the first quarter. AQR Capital Management LLC now owns 194,616 shares of the company’s stock valued at $109,000 after acquiring an additional 146,565 shares during the period. Finally, Inscription Capital LLC purchased a new stake in Forge Global during the fourth quarter valued at about $273,000. Hedge funds and other institutional investors own 40.67% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Forge Global in a research report on Thursday, January 22nd. Five analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $36.00.

Forge Global Price Performance

Shares of NYSE FRGE opened at $45.00 on Friday. Forge Global Holdings, Inc. has a 1-year low of $6.60 and a 1-year high of $45.03. The business has a 50-day moving average of $44.99 and a 200-day moving average of $42.43. The company has a market capitalization of $623.03 million, a price-to-earnings ratio of -8.65 and a beta of 2.18.

Forge Global Profile

Forge Global is a financial technology company that operates a digital marketplace for trading shares in private companies. The platform connects shareholders, including employees and early investors, with accredited and institutional buyers seeking exposure to late-stage private ventures ahead of their initial public offerings. By facilitating secondary transactions, Forge Global aims to provide liquidity solutions that traditionally have been limited in private markets.

The company’s core services include trade execution, settlement, and custody for pre-IPO securities, supported by an integrated suite of portfolio management and data-analytics tools.