Peter K. Jr. Angstadt Sells 13,163 Shares of ForgeRock, Inc. (NYSE:FORG) Stock

Posted by on Feb 24th, 2023

ForgeRock, Inc. (NYSE:FORG – Get Rating) CRO Peter K. Jr. Angstadt sold 13,163 shares of the business’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $19.78, for a total transaction of $260,364.14. Following the completion of the sale, the executive now directly owns 108,491 shares of the company’s stock, valued at $2,145,951.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ForgeRock Stock Up 0.1 %

NYSE FORG opened at $20.41 on Friday. The business’s 50-day moving average is $20.95 and its 200 day moving average is $20.24. The stock has a market capitalization of $1.74 billion, a PE ratio of -27.58 and a beta of 1.09. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.64 and a quick ratio of 4.64. ForgeRock, Inc. has a 1 year low of $11.94 and a 1 year high of $25.00.

Institutional Investors Weigh In On ForgeRock

A number of large investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its stake in ForgeRock by 222.4% in the third quarter. Royal Bank of Canada now owns 1,947 shares of the company’s stock worth $27,000 after acquiring an additional 1,343 shares during the period. Quantbot Technologies LP purchased a new stake in shares of ForgeRock in the 1st quarter worth about $36,000. Point72 Hong Kong Ltd bought a new stake in shares of ForgeRock during the 3rd quarter valued at about $40,000. Shell Asset Management Co. bought a new stake in shares of ForgeRock during the 4th quarter valued at about $50,000. Finally, Metropolitan Life Insurance Co NY increased its position in shares of ForgeRock by 30.3% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 2,311 shares of the company’s stock valued at $53,000 after buying an additional 537 shares during the period. 32.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, TheStreet downgraded ForgeRock from a “c-” rating to a “d+” rating in a report on Tuesday, February 7th. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $22.80.

About ForgeRock

(Get Rating)

ForgeRock, Inc, together with its subsidiaries, operates a digital identity platform to secure, manage, and govern the identities of customers, employees, partners, application programing interfaces (APIs), microservices, devices, and the Internet of things worldwide. It offers identity management products to automate onboarding/registration and progressive profiling, identity lifecycle and relationship management, identity provisioning and synchronization, user self-service, personalization, delegation, and privacy and consent management.

Further Reading

Insider Buying and Selling by Quarter for ForgeRock (NYSE:FORG)

Receive News & Ratings for ForgeRock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ForgeRock and related companies with MarketBeat.com's FREE daily email newsletter.