CIBRA Capital Ltd Purchases Shares of 74,966 Forge Global Holdings, Inc. $FRGE

CIBRA Capital Ltd purchased a new position in shares of Forge Global Holdings, Inc. (NYSE:FRGE) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 74,966 shares of the company’s stock, valued at approximately $3,340,000. Forge Global comprises about 5.7% of CIBRA Capital Ltd’s investment portfolio, making the stock its 10th biggest position. CIBRA Capital Ltd owned about 0.55% of Forge Global at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. CWM LLC increased its holdings in Forge Global by 27.8% during the third quarter. CWM LLC now owns 4,409 shares of the company’s stock worth $75,000 after buying an additional 960 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Forge Global by 303.8% in 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 last quarter. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Forge Global in the 2nd quarter valued at about $47,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Forge Global by 4.5% in the 1st 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. Finally, Raymond James Financial Inc. increased its stake in shares of Forge Global by 11.8% during the 3rd quarter. Raymond James Financial Inc. now owns 111,006 shares of the company’s stock worth $1,876,000 after purchasing an additional 11,672 shares during the last quarter. Institutional investors and hedge funds own 40.67% of the company’s stock.

Forge Global Stock Performance

Shares of FRGE opened at $45.00 on Friday. The firm has a market cap of $623.03 million, a P/E 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. The firm’s 50-day simple moving average is $44.80 and its 200 day simple moving average is $36.91.

Wall Street Analyst Weigh In

FRGE has been the subject of several recent analyst reports. Citigroup downgraded shares of Forge Global from an “outperform” rating to a “market perform” rating in a research note on Friday, December 12th. Citizens Jmp reaffirmed a “market perform” rating on shares of Forge Global in a research report on Friday, December 12th. Finally, 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $42.00.

Forge Global Company 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.