Jennifer Phillips, the Chief Revenue & Growth Officer at Forge Global Holdings, Inc. (NYSE:FRGE), executed a sale of 1,400 shares of the company's common stock on December 18, according to a recent SEC filing. The shares were sold at a price of $1.00 each, totaling $1,400. This transaction was conducted under a Rule 10b5-1 trading plan, which allows company insiders to pre-schedule stock sales. Following this sale, Phillips holds 724,591 shares of Forge Global. According to InvestingPro analysis, the stock appears undervalued at its current price of $0.95, though investors should note the company's weak financial health score and high price volatility. For deeper insights, access the comprehensive Pro Research Report, available with an InvestingPro subscription.
In other recent news, Forge Global Holdings Inc. has disclosed its financial results for the third quarter of fiscal 2024. The earnings call, including CEO Kelly Rodriques and CFO Mark Lee, provided insights into the company's performance. While specific details on bullish or bearish highlights were not provided, the call did include forward-looking statements reflecting current expectations about future events and financial performance.
In addition to the earnings announcement, a replay of the call and an investor presentation is available on the Forge IR page for further review. The company has not indicated any misses in the third quarter financial performance. The call also incorporated a Q&A session, although specific questions or answers were not detailed in the summary. These are some of the recent developments concerning Forge Global Holdings Inc.
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