Howard Marks, the Chief Executive Officer of StartEngine Crowdfunding, Inc. (NASDAQ:STGC), recently sold company shares totaling $91,407. The transactions, dated December 2, 2024, involved multiple sales of common stock at prices ranging from $0.00 to $1.25 per share. The sale comes as STGC trades near its 52-week low of $0.10, with the stock currently at $0.15, representing a 71.82% decline year-to-date. InvestingPro data reveals the company has achieved impressive revenue growth of 90.43% over the last twelve months.
The largest transaction involved the sale of 66,215 shares at $1.25 each, contributing significantly to the total amount. Additionally, some shares were sold as Bonus Shares at $0.00, as defined in the relevant offering statement. These sales were executed under an offering statement qualified under Regulation A. According to InvestingPro, the company maintains a current ratio of 1.21, indicating adequate liquidity to meet short-term obligations, though its overall financial health score is classified as weak.
Following these transactions, Marks holds a significant number of shares through the Howard E. Marks Living Trust and the Marks Irrevocable Trust, which is held for the benefit of his family. Marks is not the trustee nor a beneficiary of the latter trust. For comprehensive insider trading analysis and additional financial metrics, subscribers can access 8 more exclusive insights on InvestingPro.
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