Johanna Cronin, Chief Marketing Officer at StartEngine Crowdfunding, Inc. (NASDAQ:STGC), recently sold shares of the company's common stock. According to the SEC filing, Cronin sold a total of 12,056 shares on December 2, 2024. The sales were executed at prices ranging from $0.00 to $1.25 per share, amounting to a total transaction value of $12,918. The transaction comes as STGC trades near its 52-week low of $0.10, with the stock down roughly 72% year-to-date, despite posting strong revenue growth of 90% in the last twelve months.
InvestingPro analysis reveals additional insights about the company's financial position and market performance.
Following these transactions, Cronin now directly owns 337,384 shares of StartEngine Crowdfunding. The shares sold included both regular stock and bonus shares, as indicated in the offering statement qualified under Regulation A. The company maintains a current ratio of 1.21, indicating adequate liquidity to meet its short-term obligations.
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