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

NZ sharemarket up 0.4% to end the week
Markets Market close

NZ sharemarket up 0.4% to end the week

The S&P/NZX 50 Index closed at 11,794.81, up 48.15 points or 0.41%.

Graham Skellern 05 Jul 2024
Australian shares rally as dollar hits six-month high
Markets Aus Market Wrap

Australian shares rally as dollar hits six-month high

The ASX200 has risen 1.2% to hit a nine-day high.

AAP 05 Jul 2024
NZ sharemarket down, Oz and US stocks climb
Markets Market close

NZ sharemarket down, Oz and US stocks climb

The S&P/NZX 50 Index closed at 11,746.66, down 44.26 points or 0.38%.

Graham Skellern 04 Jul 2024
Summerset anticipates flat 1H underlying profit
Markets

Summerset anticipates flat 1H underlying profit

The company is NZ's best-performing retirement village operator.

Gregor Thompson 04 Jul 2024