ForgeRock (FORG) Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ForgeRock in the last twelve months. There are currently 7 hold ratings for the stock. The consensus among Wall Street 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.
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7 equities research analysts have issued twelve-month target prices for ForgeRock's stock. Their FORG share price forecasts range from $23.00 to $23.25. On average, they anticipate the company's share price to reach $23.20 in the next year. This suggests that the stock has a possible downside of 0.0%.
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ForgeRock's stock was trading at $22.77 at the start of the year. Since then, FORG shares have increased by 1.9% and is now trading at $23.21.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
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ForgeRock, Inc. (NYSE:FORG) issued its quarterly earnings data on Monday, August, 7th. The company reported ($0.28) EPS for the quarter, missing analysts' consensus estimates of ($0.22) by $0.06. The company had revenue of $58.28 million for the quarter, compared to the consensus estimate of $61.09 million. ForgeRock had a negative net margin of 33.58% and a negative trailing twelve-month return on equity of 21.09%.

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).

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 estimate of ($0.11). The company issued revenue guidance of $58.3, compared to the consensus revenue estimate of $61.17 million.

(FORG) raised $248 million in an initial public offering (IPO) on Thursday, September 16th 2021. The company issued 11,000,000 shares at a price of $21.00-$24.00 per share.

ForgeRock trades on the New York Stock Exchange (NYSE) under the ticker symbol "FORG."

ForgeRock's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (4.09%), Alpine Associates Management Inc. (2.14%), Calamos Advisors LLC (1.58%), State Street Corp (1.24%), Alliancebernstein L.P. (1.06%) and Geode Capital Management LLC (0.91%). Insiders that own company stock include Alexander Ott, AS Gravityrock, Francis C Rosch, Juan P Fernandez, Peter K Jr Angstadt, Peter M Barker and Samuel J Fleischmann.
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Shares of FORG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FORG stock can currently be purchased for approximately $23.21.

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.

The company employs 923 workers across the globe.

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.