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Howard Marks, the Chief Executive Officer of StartEngine Crowdfunding, Inc. (NASDAQ:STGC), recently sold shares in the company totaling $130,080, according to a Form 4 filing with the Securities and Exchange Commission. The transactions, which took place on May 27, 2025, involved the sale of common stock at prices ranging from $0 to $1.25 per share. The sale comes as the stock trades near its 52-week low of $0.10, with the current price at $0.15.
The sales were conducted through different trusts associated with Marks. A significant portion of the shares, specifically 94,230 shares, were sold at $1.25 each, while other shares were sold as bonus shares at no cost, as defined in the relevant offering statement. Following these transactions, Marks continues to hold substantial equity in the company through the Howard E. Marks Living Trust and the Marks Irrevocable Trust, the latter of which is held for the benefit of his family and not directly controlled by him. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 2.27, indicating healthy short-term financial stability.
These transactions were made under an offering statement qualified under Regulation A, as noted in the filing. Despite the sales, Marks retains a significant number of shares in StartEngine, indicating continued involvement with the company. InvestingPro analysis reveals impressive revenue growth of 148% over the last twelve months, though the company posted negative EBITDA of $6.21M during this period. For more detailed insights and additional ProTips about STGC, subscribers can access the full analysis on InvestingPro.
In other recent news, Scandinavian Tobacco Group reported a modest 1.3% increase in first-quarter revenue, reaching DKK 2.0 billion. This figure fell short of Deutsche Bank (ETR:DBKGn)’s expectation of a 6.5% increase. The revenue growth was primarily driven by the addition of Mac Baren and a 41% rise in XQS product sales. However, the company experienced an 8.8% organic decline, mainly due to decreased consumption of handmade cigars in the United States and temporary supply chain disruptions in Europe. The adjusted EBITDA dropped by 5.3% to DKK 317 million, with a margin contraction to 16.1%. Additionally, the adjusted earnings per share fell by about 15% to DKK 1.5, missing the consensus estimate of DKK 2.07. Deutsche Bank analyst Damian McNeela subsequently reduced the stock price target to DKK90 from DKK103, maintaining a Hold rating. McNeela’s report cited challenges affecting the company’s performance, including the European market’s turnaround efforts and nicotine pouch expansion.
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