Key Points
- GameStop General Counsel Mark Haymond Robinson sold 7,083 shares on July 1 at an average price of $22.38, totaling about $158,518. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Robinson still held 108,147 shares of GameStop, worth roughly $2.42 million, representing a 6.15% decrease in his ownership stake.
- GameStop recently posted better-than-expected quarterly results, with EPS of $0.30 versus estimates of $0.16 and revenue of $835.3 million, up 14% year over year. The stock was trading around $22.74, and analysts currently have an average Hold rating.
GameStop Corp. (NYSE:GME - Get Free Report) General Counsel Mark Haymond Robinson sold 3,957 shares of the company's stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $22.62, for a total transaction of $89,507.34. Following the completion of the transaction, the general counsel owned 104,190 shares in the company, valued at approximately $2,356,777.80. This represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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, July 1st, Mark Haymond Robinson sold 7,083 shares of GameStop stock. The shares were sold at an average price of $22.38, for a total transaction of $158,517.54.
- On Monday, April 13th, Mark Haymond Robinson sold 3,912 shares of GameStop stock. The shares were sold at an average price of $23.19, for a total value of $90,719.28.
GameStop Stock Up 0.4%
Shares of NYSE GME opened at $22.84 on Tuesday. The company has a quick ratio of 11.91, a current ratio of 12.40 and a debt-to-equity ratio of 0.71. The business's 50 day moving average is $22.43 and its two-hundred day moving average is $22.85. GameStop Corp. has a 52-week low of $19.93 and a 52-week high of $28.10. The firm has a market cap of $10.25 billion, a price-to-earnings ratio of 17.22 and a beta of 1.76.
GameStop (NYSE:GME - Get Free Report) last released its quarterly earnings results on Tuesday, June 2nd. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.16 by $0.14. GameStop had a return on equity of 13.75% and a net margin of 20.45%.The business had revenue of $835.30 million during the quarter, compared to analyst estimates of $766.63 million. During the same period last year, the business posted $0.17 earnings per share. The company's quarterly revenue was up 14.0% on a year-over-year basis.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp increased its position in shares of GameStop by 58.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,098,538 shares of the company's stock valued at $84,528,000 after purchasing an additional 1,141,215 shares during the last quarter. Clear Street Group Inc. purchased a new stake in shares of GameStop during the 3rd quarter worth $29,971,000. Flow Traders U.S. LLC increased its holdings in GameStop by 189.1% in the third quarter. Flow Traders U.S. LLC now owns 126,543 shares of the company's stock valued at $3,452,000 after buying an additional 82,772 shares during the last quarter. Geode Capital Management LLC increased its holdings in GameStop by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 7,340,631 shares of the company's stock valued at $147,431,000 after buying an additional 92,996 shares during the last quarter. Finally, FORA Capital LLC acquired a new stake in GameStop in the third quarter valued at $1,949,000. 29.21% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on GME. Weiss Ratings upgraded shares of GameStop from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, May 1st. Wall Street Zen upgraded shares of GameStop from a "hold" rating to a "buy" rating in a report on Sunday, June 14th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold".
Get Our Latest Research Report on GameStop
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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