Mathews Joseph, the Chief Technology Officer of StartEngine Crowdfunding Inc. (NASDAQ:STGC), recently sold shares of the company valued at $2,685. The transactions were executed on December 2, 2024, with the shares 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, having declined over 71% year-to-date. According to InvestingPro, the company has shown strong revenue growth of 90% in the last twelve months.
In addition to the sales, Joseph also exercised stock options on October 7, 2024, acquiring 27,528 shares at a price of $0.0833 per share, totaling approximately $2,293. These transactions reflect Joseph's ongoing involvement with StartEngine, as he continues to manage his holdings in the company. InvestingPro subscribers can access detailed insider trading patterns and 8 additional key insights about STGC's financial health and valuation metrics.
The sales included 2,148 shares sold under a Regulation A offering and 358 shares sold as bonus shares, as noted in the company's offering statement. After these transactions, Joseph holds a total of 25,022 shares directly, while the company maintains a healthy current ratio of 1.21.
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