Jennifer Phillips, the Chief Revenue and Growth Officer of Forge Global Holdings, Inc. (NYSE:FRGE), recently executed a sale of 50,000 shares of the company's common stock. The transaction, which took place on December 2, was conducted under a Rule 10b5-1 trading plan. According to InvestingPro data, this sale comes amid significant stock volatility, with shares down nearly 71% year-to-date. The shares were sold at a volume-weighted average price of $1.0737, resulting in a total transaction value of $53,685. Following this sale, Phillips retains ownership of 744,018 shares in the company. The sale was executed in multiple trades, with prices ranging from $1.02 to $1.10 per share. The stock, currently trading at $0.99 with a market cap of $183M, appears undervalued according to InvestingPro Fair Value metrics. Discover detailed insider trading patterns and 13 additional ProTips with an InvestingPro subscription, including exclusive access to the comprehensive Pro Research Report for FRGE.
In other recent news, Forge Global Holdings Inc. reported its financial results for the third quarter of fiscal 2024. The earnings call was led by CEO Kelly Rodriques and CFO Mark Lee, who discussed the company's performance and responded to questions from participants. The details of the earnings call and an investor presentation are available on Forge's Investor Relations website.
The company also made forward-looking statements during the call, reflecting current expectations about future events and financial performance. No specific bullish or bearish highlights were mentioned in the summary provided. The call included a Q&A session, although no specific questions or answers were detailed in the summary.
These are recent developments for Forge Global Holdings Inc. It's worth noting that the earnings call was webcast live and will remain available for replay for 30 days on the company's Investor Relations page. Investors and analysts interested in Forge's financials and future outlook are encouraged to review the available materials.
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