S&P 500 pulls back from record high as chip-led slump in tech weighs
Aubrey Chernick, a ten percent owner of Startengine Crowdfunding, INC. (STGC), sold 204,182 shares of common stock on June 30, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sales, executed in two transactions, totaled $223,408. The stock is currently trading near its 52-week low range of $0.12-$0.16, according to InvestingPro data.
The first sale involved 178,727 shares sold at a price of $1.25 per share. The second sale involved 25,455 shares sold at $0.0 per share as Bonus Shares. Following these transactions, Chernick directly owns 2,492,268 shares through SE Agoura Investment LLC. Despite the insider sale, STGC maintains strong fundamentals with a current ratio of 2.27 and impressive revenue growth of 148% over the last twelve months. InvestingPro analysis suggests the stock is currently undervalued, with 8 additional key insights available to subscribers.
In other recent news, Scandinavian Tobacco Group A/S reported a modest increase in first-quarter group revenue by 1.3% to DKK 2.0 billion. This growth fell short of Deutsche Bank (ETR:DBKGn)’s expectation of a 6.5% increase, despite the positive impact from the addition of Mac Baren and a significant 41% rise in XQS product sales. The company faced an 8.8% organic decline, primarily due to reduced consumption of handmade cigars in the United States, the end of online distribution of ZYN in the U.S., and temporary supply chain issues in Europe. Adjusted EBITDA dropped by 5.3% to DKK 317 million, with a margin contraction to 16.1%, influenced by product and market factors and investments in European operations. Adjusted earnings per share fell by about 15% to DKK 1.5, missing both the Bloomberg consensus estimate of DKK 2.07 and Deutsche Bank’s estimate of DKK 2.1. Deutsche Bank analyst Damian McNeela subsequently lowered the stock price target to DKK 90 from DKK 103 while maintaining a Hold rating. He cited various challenges affecting Scandinavian Tobacco Group’s financial performance.
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