StartEngine Crowdfunding, Inc. (OTCMKTS:STGC) Chief Marketing Officer Johanna Cronin recently sold a total of 65 shares of company stock, according to the latest SEC filing. The transactions, carried out on March 28, 2024, amounted to $1,475.
Cronin sold 59 shares at $25 each, as part of a sale pursuant to an offering statement qualified under Regulation A. Additionally, she sold 6 shares as Bonus Shares, which were part of the same offering statement, but these were sold at no cost.
Investors tracking insider activity may note that after these transactions, Cronin's direct ownership in StartEngine stands at 17,472 shares. The sales took place at prices ranging from $0.0 to $25.0 per share.
The recent filing provides a glimpse into the trading activity of StartEngine's executives and may be of interest to shareholders and potential investors looking to understand insider sentiment. The transactions were signed off by Hunter Strassman, Attorney-in-fact, on April 1, 2024.
InvestingPro Insights
Amid the recent insider trading activity at StartEngine Crowdfunding, Inc. (OTCMKTS:STGC), the company's financial health and performance metrics provide additional context for investors. StartEngine has demonstrated a commitment to returning value to shareholders, as evidenced by its track record of raising dividends for six consecutive years, which is a positive signal for investors seeking stable income streams. This commitment aligns with the company's notable free cash flow yield, suggesting that it has been efficient in generating cash relative to its share price.
From a valuation standpoint, StartEngine is trading at a low earnings multiple, which could indicate that the stock is undervalued compared to its earnings potential. Moreover, the company's gross profit margin stands at a robust 72.9% for the last twelve months as of Q1 2023, showcasing its ability to retain a significant portion of its revenue as gross profit.
However, it's important to note that the company has experienced a revenue decline of 29.03% over the same period, which may raise concerns about its growth trajectory. Despite this, the quarterly revenue growth shows a positive uptick of 9.04% in Q1 2023, hinting at a potential recovery or stabilization in sales.
For investors interested in a deeper analysis, there are additional InvestingPro Tips available, which cover various aspects of StartEngine's performance and outlook. For instance, the company is anticipated to be profitable this year, and analysts predict that it will maintain profitability over the last twelve months. Additionally, StartEngine's liquid assets exceed its short-term obligations, which underlines the company's solid financial footing.
To explore these insights further and access a comprehensive list of tips, investors can visit InvestingPro. Don't forget to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking even more valuable financial analysis and data.
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