Carlson Capital L.P. Purchases Shares of 15,500 Forge Global Holdings, Inc. $FRGE

Carlson Capital L.P. acquired a new stake in Forge Global Holdings, Inc. (NYSE:FRGE) during the 4th quarter, Holdings Channel reports. The firm acquired 15,500 shares of the company’s stock, valued at approximately $691,000.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets raised its stake in Forge Global by 303.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,144 shares of the company’s stock valued at $36,000 after purchasing an additional 1,613 shares during the period. CWM LLC raised its position in shares of 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 buying an additional 960 shares during the last quarter. Inscription Capital LLC purchased a new position in Forge Global during the fourth quarter valued at $273,000. Composition Wealth LLC purchased a new position in Forge Global during the fourth quarter valued at $286,000. Finally, Strs Ohio bought a new stake in Forge Global in the 4th quarter valued at $570,000. Hedge funds and other institutional investors own 40.67% of the company’s stock.

Forge Global Price Performance

NYSE FRGE opened at $45.00 on Friday. The company has a fifty day moving average of $44.99 and a two-hundred day moving average of $42.43. The firm has a market capitalization of $623.03 million, a price-to-earnings ratio of -8.65 and a beta of 2.18. Forge Global Holdings, Inc. has a 52 week low of $6.60 and a 52 week high of $45.03.

Wall Street Analyst Weigh In

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

About Forge Global

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.