Key Points
- CFO Adam Jonathan Felman sold 3,600 shares of High Roller Technologies at an average price of $5.42, totaling $19,512. The Rule 10b5-1 sale was made to cover tax withholding related to vested equity awards, reducing his ownership by 2.24% to 157,425 shares.
- High Roller Technologies reported a quarterly loss of $0.17 per share on revenue of $2.81 million. The stock opened at $6.10, compared with a 52-week range of $1.16 to $33.68.
- Analyst sentiment remains bullish: Alliance Global Partners initiated coverage with a Buy rating and a $20 price target, matching the current consensus rating and target. Several institutional investors, including BlackRock and Renaissance Technologies, recently acquired stakes.
High Roller Technologies, Inc. (NYSEAMERICAN:ROLR - Get Free Report) CFO Adam Jonathan Felman sold 3,600 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $5.42, for a total value of $19,512.00. Following the transaction, the chief financial officer owned 157,425 shares in the company, valued at $853,243.50. This trade represents a 2.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
High Roller Technologies Stock Performance
ROLR stock opened at $6.10 on Friday. The firm's fifty day simple moving average is $6.14. High Roller Technologies, Inc. has a 52 week low of $1.16 and a 52 week high of $33.68.
High Roller Technologies (NYSEAMERICAN:ROLR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.17) EPS for the quarter. High Roller Technologies had a negative return on equity of 2.57% and a net margin of 10.83%.The company had revenue of $2.81 million during the quarter.
Institutional Trading of High Roller Technologies
A number of hedge funds have recently modified their holdings of ROLR. Balefire LLC purchased a new stake in shares of High Roller Technologies in the 2nd quarter worth about $59,000. Renaissance Technologies LLC purchased a new position in High Roller Technologies during the 1st quarter valued at about $222,000. Public Employees Retirement System of Ohio purchased a new position in High Roller Technologies during the 2nd quarter valued at about $248,000. Finally, BlackRock Inc. bought a new stake in High Roller Technologies during the second quarter worth about $609,000.
Analyst Ratings Changes
Separately, Alliance Global Partners initiated coverage on High Roller Technologies in a report on Wednesday, July 22nd. They set a "buy" rating and a $20.00 target price for the company. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $20.00.
Check Out Our Latest Report on High Roller Technologies
High Roller Technologies Company Profile
(
Get Free Report)
High Roller Technologies, Inc is an evolving and growth-oriented global online gaming operator. We offer a compelling real money online casino platform. We define the term platform (“Platform”) as the fusion of our technical IP, commercial partnerships, and operational expertise including an in-house developed domain customizable frontend and content management system (CMS) which offers enhanced search engine optimization, direct API integrations, faster load times, and better scalability. We utilize a third party player account management system (PAM) that offers us a high level of control over game integrations, payment provider solutions, and overall player management.
See Also
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].
