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    SEC Form SC 13D filed by ForgeRock Inc.

    3/20/23 3:51:34 PM ET
    $FORG
    Computer Software: Prepackaged Software
    Technology
    Get the next $FORG alert in real time by email
    SC 13D 1 tm2310041d1_sc13d.htm SC 13D

     

     

     

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON, D. C. 20549

     

    SCHEDULE 13D

     

    Under the Securities Exchange Act of 1934

     

    (Amendment No.     )*

     

    ForgeRock, Inc. 

     

    (Name of Issuer)

     

    Common Stock Class A, par value $.001

     

    (Title of Class of Securities)

     

    34631B101

     

    (CUSIP Number of Class of Securities)

     

    David J. Snyderman 

    Magnetar Capital LLC 

    1603 Orrington Ave. 

    Evanston, Illinois 60201 

    (847) 905-4400

     

    (Name, Address and Telephone Number of Person Authorized
    to Receive Notices and Communications)

     

    March 10, 2023

     

     (Date of Event which Requires Filing of this Statement)

     

    If the filing person has previously filed a Statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D and is filing this Schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. ¨

     

    Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 240.13d-7(b) for other parties to whom copies are to be sent.

     

    *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

     

    The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     

     

     

     

    CUSIP No. 34631B101 SCHEDULE 13D Page 2 of 10

     

    1. NAME OF REPORTING PERSON:
       
      Magnetar Financial LLC
       
    2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
      (a) ¨
      (b) x
    3. SEC USE ONLY
     
    4. SOURCE OF FUNDS
     
      OO
     
    5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ¨
     
    6. CITIZENSHIP OR PLACE OF ORGANIZATION
     
      Delaware
     

    NUMBER OF 7. SOLE VOTING POWER
    SHARES   0
    BENEFICIALLY 8. SHARED VOTING POWER
    OWNED BY   2,844,966
    EACH REPORTING 9. SOLE DISPOSITIVE POWER
    PERSON   0
    WITH 10. SHARED DISPOSITIVE POWER
        2,844,966

    11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
      2,844,966
    12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
     
    13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
      5.64%
    14. TYPE OF REPORTING PERSON
     
      IA; OO

     

     

    CUSIP No. 34631B101 SCHEDULE 13D Page 3 of 10

     

    1. NAME OF REPORTING PERSON:
       
      Magnetar Capital Partners LP
       
    2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
      (a) ¨
      (b) x
    3. SEC USE ONLY
     
    4. SOURCE OF FUNDS
     
      OO
     
    5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ¨
     
    6. CITIZENSHIP OR PLACE OF ORGANIZATION
     
      Delaware
     

    NUMBER OF 7. SOLE VOTING POWER
    SHARES   0
    BENEFICIALLY 8. SHARED VOTING POWER
    OWNED BY   2,844,966
    EACH REPORTING 9. SOLE DISPOSITIVE POWER
    PERSON   0
    WITH 10. SHARED DISPOSITIVE POWER
        2,844,966

    11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
      2,844,966
    12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
        ¨ 
    13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
      5.64%
    14. TYPE OF REPORTING PERSON
     
      HC; OO

     

     

    CUSIP No. 34631B101 SCHEDULE 13D Page 4 of 10

     

    1. NAME OF REPORTING PERSON:
       
      Supernova Management LLC
       
    2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
      (a) ¨
      (b) x
    3. SEC USE ONLY
     
    4. SOURCE OF FUNDS
     
      OO
     
    5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ¨
     
    6. CITIZENSHIP OR PLACE OF ORGANIZATION
     
      Delaware
     

    NUMBER OF 7. SOLE VOTING POWER
    SHARES   0
    BENEFICIALLY 8. SHARED VOTING POWER
    OWNED BY   2,844,966
    EACH REPORTING 9. SOLE DISPOSITIVE POWER
    PERSON   0
    WITH 10. SHARED DISPOSITIVE POWER
        2,844,966

    11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
      2,844,966
    12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
        ¨ 
    13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
      5.64%
    14. TYPE OF REPORTING PERSON
     
      HC; OO

     

     

    CUSIP No. 34631B101 SCHEDULE 13D Page 5 of 10

     

    1. NAME OF REPORTING PERSON:
       
      David J. Snyderman
       
    2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
      (a) ¨
      (b) x
    3. SEC USE ONLY
     
    4. SOURCE OF FUNDS
     
      OO
     
    5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) ¨
     
    6. CITIZENSHIP OR PLACE OF ORGANIZATION
     
      United States of America
     

    NUMBER OF 7. SOLE VOTING POWER
    SHARES   0
    BENEFICIALLY 8. SHARED VOTING POWER
    OWNED BY   2,844,966
    EACH REPORTING 9. SOLE DISPOSITIVE POWER
    PERSON   0
    WITH 10. SHARED DISPOSITIVE POWER
        2,844,966

    11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
      2,844,966
    12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
        ¨ 
    13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
      5.64%
    14. TYPE OF REPORTING PERSON
     
      HC; IN

     

     

    SCHEDULE 13D

     

    item 1.security and issuer

     

    This Schedule 13D (this “Statement”) relates to the Class A common stock, $0.001 par value (the “Shares”), of ForgeRock, Inc., a company incorporated in Delaware (the “Company”). The principal executive offices of the Company is 201 Mission Street, Suite 2900, San Francisco, CA 94105.

     

    Item 2.identity and background

     

    (a)           The persons filing this Statement are Magnetar Financial LLC, a Delaware limited liability company (“Magnetar Financial”), Magnetar Capital Partners LP, a Delaware limited partnership (“Magnetar Capital Partners”), Supernova Management LLC, a Delaware limited liability company (“Supernova Management”), and David J. Snyderman (“Mr. Snyderman”) (collectively, the “Reporting Persons”).

     

    This Statement relates to Shares held for the accounts of each of (i)  Magnetar PRA Master Fund Ltd, a Cayman Islands exempted company (“PRA Master Fund”), and (ii) Magnetar Systematic Multi-Strategy Master Fund Ltd, a Cayman Islands exempted company, (“Systematic Master Fund, collectively (the “Funds”).

     

    Magnetar Financial is a Securities and Exchange Commission (“SEC”) registered investment adviser under Section 203 of the Investment Advisers Act of 1940, as amended, and manager of investment funds and managed accounts. Magnetar Financial serves as investment adviser to each of the Funds. In such capacity, Magnetar Financial exercises voting and investment power over the Shares held for the accounts of each of the Funds. Magnetar Capital Partners serves as the sole member and parent holding company of Magnetar Financial. Supernova Management is the general partner of Magnetar Capital Partners. The manager of Supernova Management is Mr. Snyderman.

     

    (b)           The business address of each of the Reporting Persons is 1603 Orrington Avenue, 13th Floor, Evanston, Illinois 60201.

     

    (c)           Each of the Funds is a private investment fund; Magnetar Financial is a privately-held SEC registered investment adviser and manager of investment funds and managed accounts; Magnetar Capital Partners is a privately-held limited partnership and serves as the sole member and parent holding company of Magnetar Financial; Supernova Management is a privately-held limited liability company and is the general partner of Magnetar Capital Partners; and Mr. Snyderman is a citizen of the United States of America, manager of Supernova Management and Chief Executive Officer of Magnetar Financial.

     

    (d)           None of the Reporting Persons has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

     

    (e)           None of the Reporting Persons has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such Reporting Person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

     

     

    (f)           Magnetar Financial is a Delaware limited liability company. Magnetar Capital Partners is a Delaware limited partnership. Supernova Management is a Delaware limited liability company. Mr. Snyderman is a citizen of the United States of America.

     

    Item 3.source and amount of funds or other consideration

     

    The aggregate amount of funds used by the Reporting Persons in purchasing the 2,844,966 Shares reported herein on behalf of the Funds have come directly from the assets of the Funds, which may at any given time, have included margin loans made by brokerage firms in the ordinary course of business. The aggregate amount of funds used by the Reporting Persons in purchasing the Shares on behalf of the Funds was $58,565,261.30 (excluding commissions and other execution-related costs).

     

    ITEM 4.PURPOSE OF TRANSACTION

     

    The Reporting Persons acquired the 2,844,966 Shares reported herein on behalf of the Funds after the public announcement of the Merger Agreement (as defined below) for purposes of receiving the merger consideration described below upon consummation of the Merger (as described below).

     

    Each of the Reporting Persons reserves the right to acquire additional securities of the Company in the open market, in privately negotiated transactions, or otherwise, to dispose of all or a portion of the Shares and/or other securities reported in this Statement, or to change their intention with respect to any or all of the matters referred to in this Item 4.

     

    Other than as described above in this Item 4, the Reporting Persons do not have any plans or proposals that relate to, or would result in, any actions or events specified in clauses (a) through (j) of Item 4 to Schedule 13D.

     

    ITEM 5.INTEREST IN SECURITIES OF THE ISSUER

     

    The Company reported in their Form 10-K filed on March 2, 2023 that 50,398,380 Class A Shares were outstanding as of February 22, 2023.

     

    (a)           As of the close of business March 16, 2023, each of the Reporting Persons may have been deemed to have beneficial ownership of 2,844,966 Shares, which consisted of (i) 2,362,772 Shares held for the benefit of PRA Master Fund and (ii)  482,194 Shares held for the benefit of Systematic Master Fund, and all such Shares represented beneficial ownership of approximately 5.64% of the Shares.

     

    (b)           As of the close of business March 16, 2023, each of the Reporting Persons may have been deemed to share the power to vote and direct the disposition of 2,844,966 Shares, which consisted of (i) 2,362,772 Shares held for the benefit of PRA Master Fund and (ii) 482,194 Shares held for the benefit of Systematic Master Fund and all such Shares represented beneficial ownership of approximately 5.64% of the Shares.

     

     

    (c)           Except as set forth on Schedule A attached hereto and Item 6, the Funds had no transactions in the Shares during the 60 days preceding the date of filing of this Statement. All of the transactions set forth on Schedule A attached hereto were effected in the ordinary course of business of Magnetar Financial for the accounts of each of the Funds. The transactions in the Shares set forth on Schedule A were effected in open market transactions on the NYSE and various other trading markets.

     

    As disclosed by the Company in the 8-K filed with the SEC on March 2, 2023:

     

    On October 10, 2022, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Project Fortress Parent, LLC (“Parent”) and Project Fortress Merger Sub, Inc. (“Merger Sub”), pursuant to which Merger Sub will merge with and into ForgeRock (the “Merger”) and ForgeRock will continue as the surviving corporation in the Merger, as a wholly owned subsidiary of Parent. Parent and Merger Sub are affiliates of Thoma Bravo.

     

    (d)           No other person is known by the Reporting Persons to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any Shares that are beneficially owned by the Reporting Persons.

     

    Item 6.                  contracts, arrangements, understandings or relationships with respect to the securities of the issuer

     

    Pursuant to Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, the Reporting Persons have entered into an agreement with respect to the joint filing of this Statement, and any amendment or amendments hereto.

     

    Except as otherwise described herein, no contracts, arrangements, understandings or similar relationships exist with respect to the securities of the Company among or between the Reporting Persons or any other person or entity.

     

     

    SIGNATURE

     

    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     

    Date March 20, 2023

     

      magnetar financial llc
       
      By: Magnetar Capital Partners LP, its Sole Member 
      By: Supernova Management LLC, its General Partner
       
      By: /s/ Hayley Stein      
      Name: Hayley Stein 
      Title: Attorney-in-fact for David J. Snyderman, Manager of Supernova Management LLC
       
      magnetar capital partners LP
       
      By: Supernova Management LLC, its General Partner
       
      By: /s/ Hayley Stein 
      Name: Hayley Stein 
      Title: Attorney-in-fact for David J. Snyderman, Manager of Supernova Management LLC
       
      supernova management llc
       
      By: /s/ Hayley Stein 
      Name: Hayley Stein 
      Title: Attorney-in-fact for David J. Snyderman, Manager
       
      DAVID J. SNYDERMAN
       
      By: /s/ Hayley Stein 
      Name: Hayley Stein                       
      Title: Attorney-in-fact for David J. Snyderman

     

     

    SCHEDULE A

     

    Funds

     

    Date  Number of Shares Bought   Price Per Share($) (1)(2) 
    2/1/2023   13,740    19.94990(3)
    2/2/2023   35,746    20.12576(4)
    2/6/2023   141,524    20.07434(5)
    2/7/2023   90,931    19.99845(6)
    2/8/2023   24,200    19.95732(7)
    2/9/2023   87,368    19.95559(8)
    2/10/2023   58,992    19.89840(9)
    2/13/2023   30,824    19.97888(10)
    2/14/2023   33,579    20.12064(11)
    2/15/2023   51,100    20.19718(12)
    2/16/2023   54,321    20.11874(13)
    2/17/2023   29,371    20.14045(14)
    2/21/2023   121,034    20.17030(15)
    2/22/2023   68,547    20.35605(16)
    2/23/2023   102,282    20.34605(17)
    2/24/2023   150,607    20.38247(18)
    2/27/2023   66,466    20.45852(19)
    2/28/2023   247,838    20.40840(20)
    3/1/2023   69,869    20.40838(21)
    3/2/2023   66,655    20.32948(22)
    3/3/2023   56,435    20.27670(23)
    3/6/2023   60,356    20.25144(24)
    3/7/2023   105,154    20.29888(25)
    3/8/2023   139,413    20.16392(26)
    3/9/2023   113,682    20.09432(27)
    3/10/2023   108,057    19.77766(28)
    3/13/2023   60,851    19.74328(29)
    3/14/2023   73,741    20.005(30)
    3/15/2023   77,053    20.27454(31)
    3/16/2023   36,776    20.33831(32)

     

    (1) Excludes commissions and other execution-related costs. 

    (2) Upon request by the staff of the Securities and Exchange Commission, full information regarding the number of shares bought or sold (as the case may be) at each separate price will be provided. 

    (3) Reflects a weighted average purchase price of $19.94990 per share, at prices ranging from $19.87 to $20.035 per share. 

    (4) Reflects a weighted average purchase price of $20.12576 per share, at prices ranging from $19.965 to $20.215 per share. 

    (5) Reflects a weighted average purchase price of $20.07434 per share, at prices ranging from $19.98 to $20.12 per share. 

    (6) Reflects a weighted average purchase price of $19.99845 per share, at prices ranging from $19.87 to $20.17 per share. 

    (7) Reflects a weighted average purchase price of $19.95732 per share, at prices ranging from $19.86 to $20.03 per share. 

    (8) Reflects a weighted average purchase price of $19.95559 per share, at prices ranging from $19.915 to $20.09 per share. 

    (9) Reflects a weighted average purchase price of $19.89840 per share, at prices ranging from $19.79 to $20.09 per share. 

    (10) Reflects a weighted average purchase price of $19.97888 per share, at prices ranging from $19.82.54 to $20.07 per share. 

    (11) Reflects a weighted average purchase price of $20.12064 per share, at prices ranging from $20.02 to $20.19 per share. 

    (12) Reflects a weighted average purchase price of $20.19718 per share, at prices ranging from $20.16 to $20.22 per share. 

     

     

    (13) Reflects a weighted average purchase price of $20.11874 per share, at prices ranging from $20.04 to $20.19 per share. 

    (14) Reflects a weighted average purchase price of $20.14045 per share, at prices ranging from $20.09 to $20.19 per share. 

    (15) Reflects a weighted average purchase price of $20.17030 per share, at prices ranging from $19.78 to $20.305 per share. 

    (16) Reflects a weighted average purchase price of $20.35605 per share, at prices ranging from $20.15 to $20.5 per share. 

    (17) Reflects a weighted average purchase price of $20.34605 per share, at prices ranging from $20.25 to $20.42 per share. 

    (18) Reflects a weighted average purchase price of $20.38247 per share, at prices ranging from $20.3 to $20.48 per share. 

    (19) Reflects a weighted average purchase price of $20.45852 per share, at prices ranging from $20.35 to $20.53 per share.

    (20) Reflects a weighted average purchase price of $20.40840 per share, at prices ranging from $20.25 to $20.55 per share.

    (21) Reflects a weighted average purchase price of $20.40838 per share, at prices ranging from $20.335 to $20.58 per share.

    (22) Reflects a weighted average purchase price of $20.32948 per share, at prices ranging from $20.255 to $20.4 per share. 

    (23) Reflects a weighted average purchase price of $20.27670 per share, at prices ranging from $20.225 to $20.35 per share. 

    (24) Reflects a weighted average purchase price of $20.25144 per share, at prices ranging from $20.19 to $20.33 per share. 

    (25) Reflects a weighted average purchase price of $20.20.29888 per share, at prices ranging from $20.2 to $20.37 per share. 

    (26) Reflects a weighted average purchase price of $20.16392 per share, at prices ranging from $20.03 to $20.35 per share. 

    (27) Reflects a weighted average purchase price of $20.09432 per share, at prices ranging from $20.04 to $20.13 per share. 

    (28) Reflects a weighted average purchase price of $19.77766 per share, at prices ranging from $19.62 to $20.05 per share. 

    (29) Reflects a weighted average purchase price of $19.74328 per share, at prices ranging from $19.63 to $19.83 per share. 

    (30) Reflects a weighted average purchase price of $20.005 per share, at prices ranging from $19.79 to $20.17 per share. 

    (31) Reflects a weighted average purchase price of $20.27454 per share, at prices ranging from $20.16 to $20.33 per share. 

    (32) Reflects a weighted average purchase price of $20.33831 per share, at prices ranging from $20.2 to $20.4075 per share.

     

     

    EXHIBIT INDEX

     

    Exhibit No.   Description
         
    99.1   Joint Filing Agreement, dated as of March 20, 2023, among the Reporting Persons.
    99.2   Power of Attorney, dated as of December 22, 2022 filed by the Reporting Persons on March 20, 2023.

     

     

    EXHIBIT 99.1

     

    JOINT FILING AGREEMENT

     

    The undersigned hereby agree that the statement on Schedule 13D with respect to the Shares of ForgeRock, Inc. dated as of March 20, 2023 is, and any amendments thereto (including amendments on Schedule 13D) signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the previsions of Rule13d-1(k) under the Securities Exchange Act of 1934, as amended.

     

    Date: March 20, 2023 magnetar financial llc
       
      By: Magnetar Capital Partners LP, its Sole Member
       
      By: /s/ Hayley Stein 
      Name: Hayley Stein 
      Title: Attorney-in-fact for David J. Snyderman, Manager of Supernova Management LLC
       
    Date: March 20, 2023 magnetar capital partners LP
       
      By: Supernova Management LLC, its General Partner
       
      By: /s/ Hayley Stein 
      Name: Hayley Stein 
      Title: Attorney-in-fact for David J. Snyderman, Manager of Supernova Management LLC
       
    Date: March 20, 2023 supernova management llc
       
      By: /s/ Hayley Stein 
      Name: Hayley Stein 
      Title: Attorney-in-fact for David J. Snyderman, Manager
       
    Date: March 20, 2023 DAVID J. SNYDERMAN
       
      By: /s/ Hayley Stein 
      Name: Hayley Stein               
      Title: Attorney-in-fact for David J. Snyderman     

     

     

    EXHIBIT 99.2

     

    LIMITED POWER OF ATTORNEY

     

    Know all by these present, that I, David J. Snyderman, hereby make, constitute and appoint each of _Michael Turro_, Karl Wachter_ and Hayley Stein_, or any of them acting individually, and with full power of substitution, as my true and lawful attorney-in-fact for the purpose of executing in my name, (a) in my personal capacity or (b) in my capacity as Manager or in other capacities of Supernova Management LLC, a Delaware limited liability company, and each of its affiliates or entities advised or controlled by me or Supernova Management LLC, all documents, certificates, instruments, statements, filings and agreements (“documents”) to be filed with or delivered to the United States Securities and Exchange Commission (the “SEC”) pursuant to the Securities and Exchange Act of 1934, as amended (the “Act”), and the rules and regulations promulgated thereunder, including, without limitation, all documents relating to the beneficial ownership of securities required to be filed with the SEC pursuant to Section 13(d) or Section 16(a) of the Act, including, without limitation: (a) any acquisition statements on Schedule 13D or Schedule 13G and any amendments thereto, (b) any joint filing agreements pursuant to Rule 13d-1(k) under the Act, and (c) any initial statements of, or statements of changes in, beneficial ownership of securities on Form 3, Form 4 or Form 5.

     

    All past acts of the attorney-in-fact in furtherance of the foregoing are hereby ratified and confirmed.

     

    This Power of Attorney shall remain in full force and effect until the earlier of it being (a) revoked by the undersigned in a signed writing delivered to the foregoing attorney-in-fact or (b) superseded by a new power of attorney regarding the purposes outlined herein as of a later date.

     

    IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this __22__ day of December, 2022.

     

      /s/ David J. Snyderman
      David J. Snyderman

     

     

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    Recent Analyst Ratings for
    $FORG

    DatePrice TargetRatingAnalyst
    9/30/2022$20.00Buy
    Canaccord Genuity
    4/5/2022Sector Weight
    KeyBanc Capital Markets
    3/2/2022$41.00 → $36.00Overweight
    JP Morgan
    3/2/2022$27.00 → $22.00Equal-Weight
    Morgan Stanley
    3/2/2022$14.00 → $16.00Hold
    Deutsche Bank
    2/28/2022$31.00 → $14.00Hold
    Deutsche Bank
    1/18/2022$35.00 → $27.00Equal-Weight
    Morgan Stanley
    10/11/2021$41.00Overweight
    JP Morgan
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    • Canaccord Genuity initiated coverage on ForgeRock with a new price target

      Canaccord Genuity initiated coverage of ForgeRock with a rating of Buy and set a new price target of $20.00

      9/30/22 7:19:44 AM ET
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    • KeyBanc Capital Markets initiated coverage on ForgeRock

      KeyBanc Capital Markets initiated coverage of ForgeRock with a rating of Sector Weight

      4/5/22 7:47:59 AM ET
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    • JP Morgan reiterated coverage on ForgeRock with a new price target

      JP Morgan reiterated coverage of ForgeRock with a rating of Overweight and set a new price target of $36.00 from $41.00 previously

      3/2/22 10:28:52 AM ET
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    • ForgeRock Named an Overall Leader in 2023 KuppingerCole Access Management Compass Report

      ForgeRock Recognized Again as a Leader in Product, Innovation, Market and Overall Categories for 4th Consecutive Report. ForgeRock®, a global digital identity leader, announced today it earned an "Overall Leadership" position in the 2023 KuppingerCole Access Management Leadership Compass analyst report for the 4th consecutive publication. ForgeRock was also recognized as a leader in product, innovation and market leadership, and for its strengths in fraud detection, API security, orchestration capabilities, partner ecosystem support and strong federation capabilities. "We are thrilled to be recognized by KuppingerCole as a leader for our Identity and Access Management (IAM) capabilities

      8/17/23 7:50:00 AM ET
      $FORG
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    • ForgeRock Announces Second Quarter 2023 Financial Results

      ARR was $251.3 million for Q2 2023, with growth accelerating to 25% year-over-year Total revenue was $58.3 million for Q2 2023, growing 22% year-over-year Subscription SaaS, support & maintenance revenue was $38.1 million for Q2 2023, growing 29% year-over-year ForgeRock, Inc. (NYSE:FORG), a global leader in digital identity, today announced financial results for its second quarter ended June 30, 2023. "Q2 was a very strong quarter and our ARR growth accelerated sequentially to 25% year-over-year, ending at $251 million," said Fran Rosch, CEO of ForgeRock. "Our net new ARR growth of $14 million in the quarter was 63% higher than the same period last year and our growth year to d

      8/7/23 4:05:00 PM ET
      $FORG
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    • Stolen Identities Remains Top Cybersecurity Threat in ForgeRock Identity Breach Report

      Fraud Caused by AI-Based Attacks and Stolen Identities Are on the Rise. One Compromised Identity Puts an Entire Organization at Risk. ForgeRock® (NYSE:FORG), a global digital identity leader, today announced findings from its 2023 ForgeRock Identity Breach Report, which revealed that stolen identities continue to cause massive breaches, exposing 1.5 billion user records and costing businesses an average of $9.4 million per breach in 2022. As more identities are stolen each year, AI-driven fraud attacks are creating a larger threat landscape for consumers and enterprises alike. Through the use of new technologies like generative AI, tactics such as phishing emails, malicious code an

      6/26/23 7:50:00 AM ET
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    • SEC Form 4: Parks Jeffrey T returned $106,468,097 worth of shares to the company (4,579,273 units at $23.25)

      4 - ForgeRock, Inc. (0001543916) (Issuer)

      8/25/23 9:10:46 PM ET
      $FORG
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    • SEC Form 4: Fleischmann Samuel J returned $2,833,059 worth of shares to the company (121,852 units at $23.25), closing all direct ownership in the company

      4 - ForgeRock, Inc. (0001543916) (Issuer)

      8/25/23 4:36:15 PM ET
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    • SEC Form 4: Angstadt Peter K Jr. returned $6,046,325 worth of shares to the company (260,057 units at $23.25), closing all direct ownership in the company

      4 - ForgeRock, Inc. (0001543916) (Issuer)

      8/25/23 4:33:47 PM ET
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    • SEC Form 15-12G filed by ForgeRock Inc.

      15-12G - ForgeRock, Inc. (0001543916) (Filer)

      9/5/23 5:25:51 PM ET
      $FORG
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    • SEC Form 25-NSE filed by ForgeRock Inc.

      25-NSE - ForgeRock, Inc. (0001543916) (Subject)

      8/23/23 9:53:02 AM ET
      $FORG
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    • SEC Form S-8 POS filed by ForgeRock Inc.

      S-8 POS - ForgeRock, Inc. (0001543916) (Filer)

      8/23/23 8:59:09 AM ET
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    • SEC Form SC 13D/A filed by ForgeRock Inc. (Amendment)

      SC 13D/A - ForgeRock, Inc. (0001543916) (Subject)

      8/25/23 12:29:18 PM ET
      $FORG
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    • SEC Form SC 13D filed by ForgeRock Inc.

      SC 13D - ForgeRock, Inc. (0001543916) (Subject)

      3/20/23 3:51:34 PM ET
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    • SEC Form SC 13G/A filed by ForgeRock Inc. (Amendment)

      SC 13G/A - ForgeRock, Inc. (0001543916) (Subject)

      2/14/23 4:06:52 PM ET
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    • ForgeRock Introduces New Partner Program to Accelerate Growth

      Company Appoints Chris Westfall as Vice President of Global Partner Strategy, Programs, and Operations to Lead New Partner Program ForgeRock® (NYSE:FORG), a global digital identity leader, today announced the launch of a new partner program that now provides a comprehensive set of benefits that will drive growth and help ForgeRock partners deliver remarkable customer experiences. To lead the new program, ForgeRock has hired Chris Westfall as Vice President of Global Partner Strategy, Programs and Operations, who brings expertise from over 20 years of partner ecosystem leadership across the software industry. The Identity and Access Management (IAM) market continues to experience signifi

      5/22/23 7:50:00 AM ET
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    • CrowdStrike Appoints Johanna Flower to Board of Directors

      CrowdStrike Holdings, Inc. (NASDAQ:CRWD), a leader in cloud-delivered protection of endpoints, cloud workloads, identity and data, today announced the appointment of Johanna Flower to the company's board of directors. A renowned cybersecurity, go-to-market and modern governance expert, Ms. Flower currently sits on the boards of cloud leaders like Freshworks (NASDAQ:FRSH) and ForgeRock (NYSE:FORG), as well as several high-growth private SaaS companies. She also has direct experience working closely with CrowdStrike's leadership team and board, having served as the company's first chief marketing officer and having played a key role in taking the company public in 2019. "Johanna's reputatio

      1/23/23 9:00:00 AM ET
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    • ForgeRock Announces Second Quarter 2023 Financial Results

      ARR was $251.3 million for Q2 2023, with growth accelerating to 25% year-over-year Total revenue was $58.3 million for Q2 2023, growing 22% year-over-year Subscription SaaS, support & maintenance revenue was $38.1 million for Q2 2023, growing 29% year-over-year ForgeRock, Inc. (NYSE:FORG), a global leader in digital identity, today announced financial results for its second quarter ended June 30, 2023. "Q2 was a very strong quarter and our ARR growth accelerated sequentially to 25% year-over-year, ending at $251 million," said Fran Rosch, CEO of ForgeRock. "Our net new ARR growth of $14 million in the quarter was 63% higher than the same period last year and our growth year to d

      8/7/23 4:05:00 PM ET
      $FORG
      Computer Software: Prepackaged Software
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    • ForgeRock Announces First Quarter 2023 Financial Results

      ARR was $238 million for Q1 2023, growing 23% year-over-year Total revenue was $63.1 million in Q1 2023, growing 31% year-over-year Subscription SaaS, support & maintenance revenue was $34.1 million Q1 2023, growing 30% year-over-year ForgeRock, Inc. (NYSE:FORG), a global leader in digital identity, today announced financial results for its first quarter ended March 31, 2023. "We ended Q1 with $238 million of ARR, representing another solid quarter of growth for ForgeRock," said Fran Rosch, CEO of ForgeRock. "Adoption of the ForgeRock Identity Cloud continued to be strong, with these new SaaS customers representing the majority of our new ARR and new logos in the quarter. The in

      5/8/23 4:05:00 PM ET
      $FORG
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    • ForgeRock to be Acquired by Thoma Bravo for $2.3B

      ForgeRock shareholders to receive $23.25 per share in cash ForgeRock to become a privately held company upon completion of the transaction ForgeRock® (NYSE:FORG), a global digital identity leader, announced today that it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading software investment firm, for $23.25 per share, in an all-cash transaction valued at approximately $2.3 billion. The offer represents a premium of approximately 53% over ForgeRock's closing share price on October 10, 2022, the last full trading day prior to the transaction announcement, and a premium of approximately 44% over the volume weighted average price of ForgeRock stock for the 30 day

      10/11/22 8:30:00 AM ET
      $FORG
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