Forge Global’s chief revenue officer sells $7,500 in stock

SAN FRANCISCO—Jennifer Phillips, Chief Revenue & Growth Officer at Forge Global Holdings, Inc. (NYSE:FRGE), has sold 500 shares of the company’s common stock, according to a recent SEC filing. The shares were sold at a price of $15 each, totaling $7,500. Following this transaction, Phillips retains ownership of 20,059 shares. The sale was conducted under a Rule 10b5-1 trading plan. The company, with a market capitalization of $173 million, has shown strong revenue growth of 16% and maintains healthy liquidity with a current ratio of 5.01. For deeper insights into FRGE’s financial health and growth prospects, including 10+ additional ProTips, check out the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Forge Global Holdings Inc reported a strong first quarter for 2025 with revenues reaching $25.3 million, marking a 36% increase from the previous quarter. This growth was driven by an 85% surge in marketplace revenue and a 132% increase in trading volume. Despite a net loss of $16.2 million, Forge Global’s adjusted EBITDA loss improved to $8.9 million from $10.9 million in the previous quarter. The company aims for EBITDA breakeven by 2026, focusing on reducing cash burn in 2025.

In analyst updates, Piper Sandler upgraded Forge Global’s stock rating to Overweight, maintaining a price target of $30, citing the company’s undervaluation and positive momentum in the private markets sector. Meanwhile, Citizens JMP reiterated a Market Outperform rating with a $60 price target, highlighting satisfaction with the company’s first-quarter results and confidence in meeting second-quarter estimates. JPMorgan also initiated coverage with a Neutral rating and an $18 price target, noting Forge’s strategic advancements despite uncertain market conditions.

Forge Global is actively expanding its data business through a partnership with Yahoo and a distribution agreement with ICE. The company also announced its intention to acquire Accuidity, further diversifying its business amidst a fluctuating market. These developments underscore Forge Global’s commitment to strategic growth and adaptation in the evolving private market landscape.

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