GameStop (NYSE:GME) Director Alain Attal Acquires 5,000 Shares

Key Points

  • CEO Ryan Cohen bought 1 million GameStop shares at an average price of $20.38, investing approximately $20.4 million and increasing his stake by 2.61% to nearly 39.35 million shares.
  • GameStop’s latest results matched expectations on adjusted EPS at $0.27 and exceeded revenue estimates with $790.2 million, although revenue declined 18.7% year over year. Collectibles revenue rose sharply, but traditional software and hardware sales weakened.
  • Additional insider purchases and elevated options activity have supported bullish sentiment, while analysts maintain a consensus “Hold” rating and continue to question whether collectibles growth can offset the company’s broader sales decline.

GameStop Corp. (NYSE:GME - Get Free Report) Director Alain Attal purchased 5,000 shares of the business's stock in a transaction dated Thursday, September 10th. The shares were acquired at an average cost of $20.00 per share, for a total transaction of $100,000.00. Following the acquisition, the director owned 601,464 shares of the company's stock, valued at approximately $12,029,280. The trade was a 0.84% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

GameStop Stock Up 2.7%

GME opened at $20.42 on Friday. The stock's 50 day moving average price is $20.06 and its 200 day moving average price is $21.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 8.72 and a quick ratio of 11.91. The stock has a market cap of $9.16 billion, a P/E ratio of 13.43 and a beta of 1.72. GameStop Corp. has a 12 month low of $17.79 and a 12 month high of $28.10.

GameStop (NYSE:GME - Get Free Report) last released its quarterly earnings results on Tuesday, September 8th. The company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. GameStop had a return on equity of 13.57% and a net margin of 25.16%.The company had revenue of $790.20 million during the quarter, compared to analysts' expectations of $756.85 million. During the same quarter in the prior year, the business posted $0.31 earnings per share. The company's revenue for the quarter was down 18.7% compared to the same quarter last year.

Trending Headlines about GameStop




Here are the key news stories impacting GameStop this week:

  • Positive Sentiment: CEO Ryan Cohen purchased 1 million GME shares for approximately $20.4 million, increasing his ownership by 2.61%. Director Alain Attal also bought 5,000 shares for $100,000, while Director James Grube purchased 10,255 shares for roughly $196,000. The purchases may reinforce investor confidence in GameStop’s valuation and strategy. Ryan Cohen GameStop stock purchase filing James Grube GameStop stock purchase
  • Positive Sentiment: Director Lawrence Cheng recently bought 55,000 shares for about $1.03 million, increasing his direct stake by 62.5%. The cluster of insider buying following earnings is supporting the bullish case among retail investors. Lawrence Cheng GameStop stock purchase
  • Positive Sentiment: GameStop reported adjusted EPS of $0.27, matching consensus, while revenue of $790.2 million exceeded estimates near $756.8 million. Collectibles revenue jumped 57%, providing evidence that the company’s merchandise strategy may be gaining traction. GameStop second-quarter earnings beat
  • Neutral Sentiment: Unusually high call-option activity and speculation about how Ryan Cohen may deploy GameStop’s large cash balance are adding to trading momentum, but they do not establish a fundamental change in the business. Reports that GameStop may reconsider an eBay bid also remain unconfirmed. GameStop eBay speculation and earnings
  • Negative Sentiment: Revenue declined 18.7% year over year and EPS fell from $0.31 to $0.27, with software and hardware sales weakening. Analysts continue to question whether collectibles growth can offset contraction in GameStop’s traditional gaming operations; one report favors eBay as the cleaner, more profitable investment. GameStop comeback case and eBay comparison

Hedge Funds Weigh In On GameStop

Several large investors have recently made changes to their positions in GME. California State Teachers Retirement System increased its holdings in shares of GameStop by 2,043.5% in the 2nd quarter. California State Teachers Retirement System now owns 10,573,648 shares of the company's stock valued at $233,466,000 after purchasing an additional 10,080,362 shares during the period. Dimensional Fund Advisors LP grew its position in GameStop by 189.1% during the first quarter. Dimensional Fund Advisors LP now owns 3,909,284 shares of the company's stock valued at $90,046,000 after purchasing an additional 2,557,079 shares in the last quarter. Renaissance Technologies LLC increased its stake in GameStop by 376.2% in the 1st quarter. Renaissance Technologies LLC now owns 2,650,303 shares of the company's stock valued at $61,063,000 after buying an additional 2,093,755 shares during the period. Jump Financial LLC purchased a new stake in GameStop in the 4th quarter worth approximately $7,022,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of GameStop by 233.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 355,998 shares of the company's stock valued at $8,683,000 after buying an additional 249,262 shares during the period. Institutional investors own 29.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on GME shares. Weiss Ratings reiterated a "hold (c)" rating on shares of GameStop in a research note on Wednesday, July 29th. Wall Street Zen lowered GameStop from a "buy" rating to a "hold" rating in a research note on Monday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of "Hold".

View Our Latest Report on GameStop

GameStop Company Profile

(Get Free Report)

GameStop Corp. is a multichannel retailer specializing in video games, gaming hardware, accessories and related entertainment products. Its offerings include new and pre-owned consoles and games, controllers, headsets, collectibles, apparel, toys and trading cards. The company sells through its retail stores, e-commerce websites and other digital channels.

Founded in 1984 as Babbage's, the company expanded through acquisitions and adopted the GameStop name in 2000. It has historically operated stores in the United States, Canada, Australia and several European markets, although its international footprint has changed over time as the company has closed or sold certain operations.

See Also

Insider Buying and Selling by Quarter for GameStop (NYSE:GME)

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].

Insider Buying or Selling at GameStop?
Sign-up to receive InsiderTrades.com's daily insider buying and selling report for GameStop and related companies.
From Our Partners
Free Insider Buying and Selling Newsletter
Enter your email address below to receive InsiderTrades.com's daily insider buying and selling report.
From Our Partners

Most Read This Month

Recent Articles