Traders Buy Large Volume of ForgeRock Put Options (NYSE:FORG)

Posted by Defense World Staff on Feb 25th, 2023

ForgeRock, Inc. (NYSE:FORG – Get Rating) was the recipient of unusually large options trading on Friday. Traders bought 4,532 put options on the stock. This represents an increase of 297% compared to the average daily volume of 1,141 put options.

ForgeRock Trading Up 0.1 %

Shares of ForgeRock stock opened at $20.43 on Friday. The firm has a 50-day simple moving average of $20.89 and a two-hundred day simple moving average of $20.22. The company has a market cap of $1.74 billion, a P/E ratio of -27.61 and a beta of 1.09. ForgeRock has a fifty-two week low of $12.80 and a fifty-two week high of $25.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.64 and a current ratio of 4.64.

Analyst Ratings Changes

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

Insider Transactions at ForgeRock

In other ForgeRock news, CRO Peter K. Jr. Angstadt sold 75,000 shares of the stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of $21.36, for a total value of $1,602,000.00. Following the completion of the sale, the executive now owns 121,654 shares in the company, valued at approximately $2,598,529.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other ForgeRock news, CFO Juan P. Fernandez sold 7,152 shares of the stock in a transaction on Friday, December 16th. The stock was sold at an average price of $23.43, for a total value of $167,571.36. Following the completion of the sale, the chief financial officer now owns 243,599 shares in the company, valued at approximately $5,707,524.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Peter K. Jr. Angstadt sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, December 7th. The shares were sold at an average price of $21.36, for a total value of $1,602,000.00. Following the transaction, the executive now owns 121,654 shares of the company’s stock, valued at approximately $2,598,529.44. The disclosure for this sale can be found here. Insiders sold 185,447 shares of company stock worth $3,817,252 in the last three months. Corporate insiders own 46.07% of the company’s stock.

Institutional Trading of ForgeRock

Several large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new position in shares of ForgeRock in the 1st quarter worth approximately $1,665,000. BlackRock Inc. grew its position in ForgeRock by 29.8% during the 1st quarter. BlackRock Inc. now owns 533,081 shares of the company’s stock worth $11,686,000 after purchasing an additional 122,374 shares during the last quarter. Great West Life Assurance Co. Can acquired a new stake in shares of ForgeRock in the 1st quarter worth $2,432,000. Baird Financial Group Inc. acquired a new stake in shares of ForgeRock in the 1st quarter worth $899,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of ForgeRock in the first quarter valued at about $204,000. Hedge funds and other institutional investors own 32.31% of the company’s stock.

About ForgeRock

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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.