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Howard Marks, Chief Executive Officer of StartEngine Crowdfunding Inc. (NASDAQ:STGC), recently executed a series of stock sales, according to the latest SEC filing. On March 28, Marks sold a total of 52,760 shares of common stock, generating proceeds of $58,486. The transactions occurred at prices ranging from $0.00 to $1.25 per share, notably higher than the current trading price of $0.15. The company has shown remarkable revenue growth of 90% in the last twelve months, according to InvestingPro data.
The sales included 42,367 shares sold at $1.25 each, which were part of an offering statement qualified under Regulation A. Additionally, 5,407 shares were sold as Bonus Shares at no cost, as defined in the relevant offering statement. The remaining shares were also transacted under similar terms, with 4,422 shares sold at $1.25 and 564 Bonus Shares at $0.00. The company maintains a healthy liquidity position with a current ratio of 1.21 and a gross profit margin of 47.5%.
Post-transaction, Marks holds 179,285,602 shares indirectly through the Howard E. Marks Living Trust and 19,963,525 shares via the Marks Irrevocable Trust, which benefits his family. Marks does not serve as the trustee of the latter trust. For more detailed insights into STGC’s financial health and valuation metrics, visit InvestingPro, which offers additional analysis and 7 more key investment tips.
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