NYSE:FORG

ForgeRock (FORG) Stock Forecast, Price & News

Notice: This company has been marked as potentially delisted and may not be actively trading.

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Today's Range: $23.21
▼
$23.21
50-Day Range: $20.20
▼
$23.22
52-Week Range: $14.13
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$23.80

Volume: N/A
Average Volume: N/A
Market Capitalization: $2.07 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $23.20

ForgeRock MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 0.0% Downside
$23.20 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$2.39 M Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

0.79 out of 5 stars

Computer And Technology Sector

592nd out of 596 stocks

Prepackaged Software Industry

198th out of 199 stocks

1.0

Analyst's Opinion

Consensus Rating
ForgeRock has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 7 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $23.20, ForgeRock has a forecasted downside of 0.0% from its current price of $23.21.
Amount of Analyst Coverage
ForgeRock has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for FORG.

0.0

Dividend Strength

Dividend Yield
ForgeRock does not currently pay a dividend.
Dividend Growth
ForgeRock does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FORG.

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for ForgeRock this week, compared to 2 articles on an average week.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ForgeRock insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,393,847.00 in company stock.
Percentage Held by Insiders
31.80% of the stock of ForgeRock is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
46.05% of the stock of ForgeRock is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of ForgeRock is -24.96, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of ForgeRock is -24.96, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
ForgeRock has a P/B Ratio of 6.38. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About ForgeRock (NYSE:FORG) Stock

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. The company 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. It also provides access management products, such as passwordless, usernameless, and multi-factor authentication; single sign-on; contextual and adaptive risk-based access; fine-grained authorization; API and microservices security; and secure impersonation and data sharing. In addition, the company offers identity governance products, including access requests that allow users to request access to systems or applications through integration with help desk or service ticketing systems; access reviews and certifications; segregation of duties; role and entitlement management; policy management; identity workflows, which enable enterprises to connect their business processes with identity events; and reporting and analytics. Further, it provides autonomous identity products that comprise predictive confidence scores for access; overprovisioned access detection and access revocation recommendations; outlier detection; identity automation recommendations; role mining and recommendations; joiner, mover, and leaver access automation; authentication anomaly detection; and common attack prevention. The company was founded in 2009 and is headquartered in San Francisco, California.

FORG Stock News Headlines

October 2, 2023 | venturebeat.com

Building more cyber-resilient satellites begins with a strong network

September 22, 2023 | forbes.com

How To Define And Embed Company Culture In A Way That Drives Adoption

October 4, 2023 | Behind the Markets (Ad)

[BREAKING] Pentagon to Spend Billions on "Living Missile"

Air Force Magazine calls it "transformational." The Wall Street Journal calls it one of the Pentagon's "highest priorities." National Defense Magazine reports "Eye-popping budget" for it. This small company won the first contract to build them!

August 23, 2023 | reuters.com

Thoma Bravo closes $2.3 bln deal to take software firm ForgeRock private

August 23, 2023 | bizjournals.com

Daily Digest: Sunset tower developers sue city; ForgeRock taken private

August 23, 2023 | finance.yahoo.com

Thoma Bravo closes $2.3 billion deal to take software firm ForgeRock private

August 22, 2023 | msn.com

ForgeRock gains amid report Thoma Bravo deal set to close after DOJ approves

August 22, 2023 | bloomberg.com

Thoma Bravo to Close $2.3 Billion ForgeRock Deal After DOJ Nod

October 4, 2023 | Legacy Research (Ad)

Elon Did It Again: This Could be Bigger than Tesla

Love him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.

August 21, 2023 | msn.com

ForgeRock gains amid HSR approval for VMware/Broadcom

August 21, 2023 | finance.yahoo.com

Traders Bet ForgeRock Deal Likely to Succeed Before DOJ Decision

August 17, 2023 | finance.yahoo.com

ForgeRock Named an Overall Leader in 2023 KuppingerCole Access Management Compass Report

August 11, 2023 | bloomberg.com

Thoma Bravo Extends Closing Date on ForgeRock Deal to Forestall Antitrust Review

August 8, 2023 | msn.com

ForgeRock/Thoma Bravo timing agreement with DOJ set to expire on Aug. 15 - report

August 8, 2023 | washingtonpost.com

ForgeRock: Q2 Earnings Snapshot

August 8, 2023 | finance.yahoo.com

ForgeRock Announces Second Quarter 2023 Financial Results

August 8, 2023 | finance.yahoo.com

ForgeRock (FORG) Reports Q2 Loss, Lags Revenue Estimates

August 7, 2023 | technews.tmcnet.com

Consumer IAM Market worth $18.1 billion by 2028 - Exclusive Report by MarketsandMarkets™

July 28, 2023 | msn.com

ForgeRock seesaws amid report Thoma Bravo still engaging with Justice Dept.

July 20, 2023 | seekingalpha.com

DOJ looking at Microsoft competition in review of ForgeRock/Thoma Bravo (update)

July 20, 2023 | msn.com

DOJ looking at Microsoft competition in analysis of ForgeRock/Thoma Bravo - report

July 20, 2023 | msn.com

DOJ looking at Microsoft competition in review of ForgeRock/Thoma Bravo - report

July 14, 2023 | msn.com

ForgeRock gain amid report that DOJ will continue talks over Thoma Bravo deal

July 14, 2023 | msn.com

Thoma Bravo, ForgeRock Met DOJ Antitrust Officials

July 14, 2023 | seekingalpha.com

ForgeRock gains amid report that DOJ will continue talks over Thoma Bravo deal

July 14, 2023 | news.yahoo.com

Thoma Bravo, ForgeRock Met With DOJ to Stave Off Antitrust Suit

July 14, 2023 | fool.com

ForgeRock (NYSE: FORG)

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FORG Company Calendar

Last Earnings: 8/07/2023
Today: 10/04/2023
Next Earnings (Estimated): 11/08/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:FORG
CUSIP: N/A
CIK: 1543916
Web: www.forgerock.com
Phone: 415-599-1100
Fax: N/A
Employees: 923
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $23.20
High Stock Price Forecast: $23.25
Low Stock Price Forecast: $23.00
Forecasted Upside/Downside: 0.0%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.93)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-66,270,000.00
Net Margins: -33.58%
Pretax Margin: -32.93%
Return on Equity: -21.09%
Return on Assets: -13.70%

Debt

Debt-to-Equity Ratio: 0.14
Current Ratio: 3.61
Quick Ratio: 3.61

Sales & Book Value

Annual Sales: $217.51 million
Price / Sales: 9.51
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $3.64 per share
Price / Book: 6.38

Miscellaneous

Outstanding Shares: 89,150,000
Free Float: 60,800,000
Market Cap: $2.07 billion
Optionable: Not Optionable
Beta: 0.92

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Key Executives

Mr. Francis C. Rosch (Age 59)
Pres, CEO & Director
Comp: $944.31k

Mr. Juan P. Fernandez (Age 45)
CFO & Exec. VP of Global Operations
Comp: $673.72k

Mr. Samuel J. Fleischmann (Age 57)
Chief Legal Officer
Comp: $525.55k

Mr. Peter M. Barker (Age 51)
Exec. VP & Chief Product Officer
Comp: $610.75k

Mr. Peter K Angstadt Jr. (Age 52)
Chief Revenue Officer
Comp: $825.27k

Ms. Eve Maler
Chief Technology Officer

Mr. David Burden
Chief Information Officer

Mark Kang
Head of Investor Relations

Mr. Atri Chatterjee (Age 61)
Chief Marketing Officer

Ms. Tschudy Smith
Chief People Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FORG Stock - Frequently Asked Questions

Should I buy or sell ForgeRock stock right now?: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ForgeRock in the last year. There are currently 7 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" FORG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FORG, but not buy additional shares or sell existing shares.
View FORG analyst ratings or view top-rated stocks.
What is ForgeRock's stock price forecast for 2023?: 7 equities research analysts have issued 1-year price targets for ForgeRock's shares. Their FORG share price forecasts range from $23.00 to $23.25. On average, they predict the company's stock price to reach $23.20 in the next year. This suggests that the stock has a possible downside of 0.0%.
View analysts price targets for FORG or view top-rated stocks among Wall Street analysts.
When is ForgeRock's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our FORG earnings forecast.
How were ForgeRock's earnings last quarter?: ForgeRock, Inc. (NYSE:FORG) released its quarterly earnings data on Monday, August, 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by $0.06. The business had revenue of $58.28 million for the quarter, compared to analysts' expectations of $61.09 million. ForgeRock had a negative trailing twelve-month return on equity of 21.09% and a negative net margin of 33.58%.
What ETFs hold ForgeRock's stock?: ETFs with the largest weight of ForgeRock (NYSE:FORG) stock in their portfolio include WisdomTree Cybersecurity Fund (WCBR), First Trust Merger Arbitrage ETF (MARB), IQ Merger Arbitrage ETF (MNA), ProShares Merger ETF (MRGR), SPDR Kensho Future Security ETF (FITE), AltShares Merger Arbitrage ETF (ARB) and iShares Cybersecurity and Tech ETF (IHAK).ETFMG Prime Cyber Security ETF (HACK).
What guidance has ForgeRock issued on next quarter's earnings?: ForgeRock issued an update on its second quarter earnings guidance on Monday, August, 7th. The company provided EPS guidance of ($0.15) for the period, compared to the consensus earnings per share estimate of ($0.11). The company issued revenue guidance of $58.3, compared to the consensus revenue estimate of $61.17 million.

When did ForgeRock IPO?: (FORG) raised $248 million in an IPO on Thursday, September 16th 2021. The company issued 11,000,000 shares at a price of $21.00-$24.00 per share.
What is ForgeRock's stock symbol?: ForgeRock trades on the New York Stock Exchange (NYSE) under the ticker symbol "FORG."
What is ForgeRock's stock price today?: One share of FORG stock can currently be purchased for approximately $23.21.
How much money does ForgeRock make?: ForgeRock (NYSE:FORG) has a market capitalization of $2.07 billion and generates $217.51 million in revenue each year. The company earns $-66,270,000.00 in net income (profit) each year or ($0.93) on an earnings per share basis.
How many employees does ForgeRock have?: The company employs 923 workers across the globe.
How can I contact ForgeRock?: ForgeRock's mailing address is 201 MISSION STREET SUITE 2900, SAN FRANCISCO CA, 94105. The official website for the company is www.forgerock.com. The company can be reached via phone at 415-599-1100 or via email at investors@forgerock.com.

This page (NYSE:FORG) was last updated on 10/4/2023 by MarketBeat.com Staff

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ForgeRock (FORG) Stock Forecast, Price & News

ForgeRock MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

Company Ownership

Earnings and Valuation

About ForgeRock (NYSE:FORG) Stock

FORG Stock News Headlines

FORG Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

FORG Stock - Frequently Asked Questions

Overall MarketRank^™