Pushpay's great big $800m sell off

Pushpay's great big $800m sell off
Founder Chris Heaslip and the founder of another business bought by Pushpay, Chris Fowler, together sold almost $100m worth of shares. (Image: Supplied)
Dan Brunskill
Since the start of the year, Pushpay Holdings has had an exodus of the people who built the business.This comes as the company's growth rate slows with the pandemic subsiding in its main USA market.While analysts remain moderately positive on the business, the number of shares sold by those in the heart of the business over the past year gives investors reason to be cautious.Former chief executive Bruce Gordon stepped down from the board last month and recently sold the majority of his multi-million-dollar stake in the company – havin...

More Markets

KMD Brands pulled into Trump trade war
Retail

KMD Brands pulled into Trump trade war

Like a lot associated with so-called ‘Liberation Day’, much remains uncertain.

US tariff risk less than expected for FPH, Jarden says
Economy

US tariff risk less than expected for FPH, Jarden says

Jarden says tariff-related impacts on earnings would be "nominal" by 2030.

Jarden says Skellerup 'most exposed' to Trump's tariffs
Markets

Jarden says Skellerup 'most exposed' to Trump's tariffs

US President Donald Trump's sweeping global tariffs, announced on Thursday, are expected to have devastating consequences not only in the US but also in New Zealand.In a note on Friday morning, Jarden analysts Guy Hooper and Nick Yeo predicted that NZX-listed Skellerup looks...

Wall Street reels as Trump’s plan sinks markets
Markets

Wall Street reels as Trump’s plan sinks markets

The president’s sweeping tariffs proved far more severe than investors predicted.