S&P 500 pulls back from record high as chip-led slump in tech weighs
In a recent filing with the Securities and Exchange Commission, Mathews Joseph, Chief Technology Officer of StartEngine Crowdfunding, Inc. (NASDAQ:STGC), disclosed the sale of company shares totaling $3,821. The transactions, which took place on May 27, 2025, involved the sale of 3,470 shares of common stock. According to InvestingPro data, the company has shown remarkable revenue growth of 148% over the last twelve months, with a healthy current ratio of 2.27.
The shares were sold at prices ranging from $0.00 to $1.25 per share. Notably, a portion of these shares were classified as Bonus Shares, indicating a specific context under the company’s offering statement. InvestingPro subscribers have access to 8 additional key insights about STGC’s valuation and financial health.
Following these transactions, Joseph retains ownership of 16,698 shares of StartEngine’s common stock. The stock currently trades near its 52-week low of $0.10, with shares priced at $0.15 compared to the 52-week high of $0.17.
In other recent news, Scandinavian Tobacco Group reported a modest increase in first-quarter group revenue of 1.3%, reaching DKK 2.0 billion. This was below Deutsche Bank (ETR:DBKGn)’s expectation of a 6.5% increase, attributed to the addition of Mac Baren and a notable 41% rise in XQS product sales. However, the company experienced an 8.8% organic decline, primarily due to decreased consumption of handmade cigars in the United States and the discontinuation of online distribution of ZYN in the US market. Temporary supply chain disruptions caused by the implementation of SAP in European factories also contributed to this decline. Adjusted EBITDA fell by 5.3% to DKK 317 million, resulting in a margin contraction to 16.1%. The adjusted earnings per share decreased by approximately 15% to DKK 1.5, significantly below the consensus estimate from Bloomberg of DKK 2.07. Deutsche Bank analyst Damian McNeela adjusted the price target for the company to DKK90, down from DKK103, maintaining a Hold rating on the stock. McNeela’s report highlights various challenges impacting Scandinavian Tobacco Group’s financial performance, reflecting a cautious view of its near-term prospects.
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