ForgeRock (FORG) Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ForgeRock in the last twelve months. There are currently 10 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.

11 Wall Street analysts have issued 1 year target prices for ForgeRock's stock. Their FORG share price forecasts range from $17.00 to $30.00. On average, they anticipate the company's share price to reach $22.80 in the next twelve months. This suggests a possible upside of 15.6% from the stock's current price.
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ForgeRock's stock was trading at $22.77 at the beginning of 2023. Since then, FORG stock has decreased by 13.4% and is now trading at $19.73.
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ForgeRock saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 4,580,000 shares, a decrease of 10.2% from the April 15th total of 5,100,000 shares. Based on an average daily trading volume, of 677,600 shares, the short-interest ratio is presently 6.8 days. Currently, 11.0% of the shares of the stock are short sold.
View ForgeRock's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our FORG earnings forecast.

ForgeRock, Inc. (NYSE:FORG) released its earnings results on Wednesday, November, 10th. The company reported ($0.35) earnings per share for the quarter, beating the consensus estimate of ($0.45) by $0.10. The business earned $44.23 million during the quarter, compared to analysts' expectations of $38.37 million. ForgeRock had a negative net margin of 32.35% and a negative trailing twelve-month return on equity of 17.32%.

ETFs with the largest weight of ForgeRock (NYSE:FORG) stock in their portfolio include WisdomTree Cybersecurity Fund (WCBR), First Trust Merger Arbitrage ETF (MARB), AltShares Merger Arbitrage ETF (ARB), Invesco Dynamic Networking ETF (PXQ), ProShares Merger ETF (MRGR), IQ Merger Arbitrage ETF (MNA), SPDR Kensho Future Security ETF (FITE) and AltShares Event-Driven ETF (EVNT).

(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.

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

ForgeRock's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (3.75%), FIL Ltd (2.31%), State Street Corp (1.11%), Wellington Management Group LLP (1.07%), Cooper Creek Partners Management LLC (1.07%) and Water Island Capital LLC (0.98%). Insiders that own company stock include 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 $19.73.

ForgeRock (NYSE:FORG) has a market capitalization of $1.75 billion and generates $217.51 million in revenue each year. The company earns $-66,270,000.00 in net income (profit) each year or ($0.87) on an earnings per share basis.

The company employs 786 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.