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Jonathan Reyes, the Chief Compliance Officer of StartEngine Crowdfunding, Inc. (NASDAQ:STGC), recently disclosed the sale of company stock valued at $2,685. The transactions, detailed in a recent SEC filing, occurred on May 27, 2025, and involved the sale of 2,438 shares of common stock. The shares were sold 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. InvestingPro data shows the company maintains strong liquidity with a current ratio of 2.27.
Following these transactions, Reyes now holds 12,032 shares directly. The sales were conducted pursuant to an offering statement qualified under Regulation A, with a portion of the shares sold as Bonus Shares as defined in the offering statement. Despite recent insider selling, InvestingPro analysis reveals impressive revenue growth of 148% in the last twelve months, though the company posted negative EBITDA of $6.21M. Unlock more insights and 8 additional ProTips with InvestingPro.
In other recent news, Scandinavian Tobacco Group reported a modest increase in first-quarter group revenue, rising by 1.3% to DKK 2.0 billion. This growth was primarily driven by the acquisition of Mac Baren and a 41% increase in sales of XQS products. However, the revenue figure fell short of Deutsche Bank (ETR:DBKGn)’s expectation of a 6.5% increase. The company also faced an 8.8% organic decline, largely due to decreased consumption of handmade cigars in the U.S., the discontinuation of ZYN’s online distribution in the U.S., and temporary supply chain disruptions from SAP implementation in Europe. Adjusted EBITDA decreased by 5.3% to DKK 317 million, with a margin contraction to 16.1%. Adjusted earnings per share dropped by approximately 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 company’s stock price target to DKK 90 from DKK 103, maintaining a Hold rating. McNeela’s report highlighted the challenges Scandinavian Tobacco Group faces, signaling a cautious outlook for its near-term financial performance.
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