Key Points
- GameStop General Counsel Mark Haymond Robinson sold 3,912 shares on April 13 at an average price of $23.19 for about $90,719, and the trade was executed under a pre‑arranged Rule 10b5‑1 trading plan.
- After this sale (and a prior April 1 sale of 7,209 shares at ~$22.94), his ownership fell by 3.28% to 115,230 shares, valued at roughly $2.67 million.
- Context: GME opened at $24.78 and is trading up, recently reported an EPS beat ($0.49 vs. $0.37) but missed revenue estimates, and analysts hold a consensus "Reduce" rating with an average price target of $13.50.
GameStop Corp. (NYSE:GME - Get Free Report) General Counsel Mark Haymond Robinson sold 3,912 shares of the firm's stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $23.19, for a total transaction of $90,719.28. Following the completion of the sale, the general counsel owned 115,230 shares of the company's stock, valued at $2,672,183.70. This trade represents a 3.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mark Haymond Robinson also recently made the following trade(s):
- On Wednesday, April 1st, Mark Haymond Robinson sold 7,209 shares of GameStop stock. The shares were sold at an average price of $22.94, for a total transaction of $165,374.46.
GameStop Trading Up 3.1%
Shares of NYSE:GME opened at $24.78 on Thursday. GameStop Corp. has a 52-week low of $19.93 and a 52-week high of $35.81. The company has a market capitalization of $11.11 billion, a P/E ratio of 33.03 and a beta of 1.86. The company has a 50-day simple moving average of $23.64 and a 200 day simple moving average of $22.88. The company has a debt-to-equity ratio of 0.76, a quick ratio of 14.68 and a current ratio of 15.30.
GameStop (NYSE:GME - Get Free Report) last issued its earnings results on Tuesday, March 24th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.12. GameStop had a net margin of 11.53% and a return on equity of 12.47%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.47 billion. Sell-side analysts forecast that GameStop Corp. will post 0.08 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on GME shares. Weiss Ratings raised shares of GameStop from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, February 2nd. Wall Street Zen cut shares of GameStop from a "hold" rating to a "sell" rating in a report on Saturday, March 28th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average price target of $13.50.
Get Our Latest Analysis on GameStop
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of GME. Northwestern Mutual Investment Management Company LLC increased its stake in GameStop by 0.5% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 92,197 shares of the company's stock valued at $1,851,000 after acquiring an additional 463 shares during the last quarter. Bessemer Group Inc. increased its stake in GameStop by 39.2% in the third quarter. Bessemer Group Inc. now owns 1,674 shares of the company's stock valued at $46,000 after acquiring an additional 471 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in GameStop by 0.5% in the second quarter. Thrivent Financial for Lutherans now owns 96,623 shares of the company's stock valued at $2,357,000 after acquiring an additional 511 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in GameStop by 0.4% in the third quarter. Public Employees Retirement System of Ohio now owns 131,002 shares of the company's stock valued at $3,574,000 after acquiring an additional 578 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its stake in GameStop by 4.5% in the fourth quarter. Panagora Asset Management Inc. now owns 13,692 shares of the company's stock valued at $275,000 after acquiring an additional 594 shares during the last quarter. 29.21% of the stock is owned by institutional investors.
About GameStop
(
Get Free Report)
GameStop Corp. (NYSE:GME) is a global specialty retailer focused on video games, gaming consoles, consumer electronics and related accessories. The company operates a network of physical retail stores alongside an e-commerce platform, offering new and pre-owned products spanning the latest game software, hardware, collectibles and lifestyle merchandise. GameStop's retail footprint is complemented by digital marketplaces for trade-ins and online purchases, as well as a membership program that provides exclusive content and rewards.
Originally founded in 1984 as Babbage's in Dallas, Texas, the company adopted the GameStop name in 1999 following its merger with Software Etc.
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