Grabagun Digital (NYSE:PEW) CFO Justin Hilty Sells 16,384 Shares

Key Points

• CFO Justin Hilty sold 16,384 shares of Grabagun Digital at an average price of $2.25, generating $36,864. The Rule 10b5-1 sale covered tax withholding obligations, and reduced his ownership by 18.02% to 74,517 shares.
• Grabagun Digital shares rose 1.3% to $2.30, but remain near their 12-month low of $2.22 versus a high of $6.76. The company has a $67.87 million market capitalization and analysts expect a full-year loss of $0.22 per share.
• The company beat quarterly earnings expectations, reporting a loss of $0.06 per share versus the consensus estimate of $0.09, on revenue of $23.22 million. Analyst sentiment remains mixed, with an overall “Hold” rating and a $5.00 average price target.

Grabagun Digital Holdings Inc. (NYSE:PEW - Get Free Report) CFO Justin Hilty sold 16,384 shares of the company's stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $2.25, for a total transaction of $36,864.00. Following the completion of the transaction, the chief financial officer owned 74,517 shares in the company, valued at approximately $167,663.25. This trade represents a 18.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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.

Grabagun Digital Trading Up 1.3%

Shares of Grabagun Digital stock traded up $0.03 during mid-day trading on Thursday, hitting $2.30. 112,485 shares of the stock were exchanged, compared to its average volume of 540,839. The stock has a market capitalization of $67.87 million, a price-to-earnings ratio of -10.00 and a beta of -0.08. Grabagun Digital Holdings Inc. has a twelve month low of $2.22 and a twelve month high of $6.76. The company has a current ratio of 9.42, a quick ratio of 8.61 and a debt-to-equity ratio of 0.07. The company has a 50-day simple moving average of $2.53 and a 200 day simple moving average of $2.72.

Grabagun Digital (NYSE:PEW - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.09) by $0.03. The business had revenue of $23.22 million during the quarter. Grabagun Digital had a negative net margin of 6.42% and a negative return on equity of 6.15%. Research analysts forecast that Grabagun Digital Holdings Inc. will post -0.22 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PEW. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Grabagun Digital in a research report on Thursday, June 11th. Roth Capital decreased their price target on Grabagun Digital from $6.75 to $5.00 and set a "buy" rating on the stock in a research note on Monday, August 24th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $5.00.

Institutional Trading of Grabagun Digital

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Quadrature Capital Ltd purchased a new position in shares of Grabagun Digital in the 4th quarter worth $279,000. Renaissance Technologies LLC purchased a new stake in Grabagun Digital during the first quarter valued at about $135,000. XTX Topco Ltd increased its stake in Grabagun Digital by 195.7% during the fourth quarter. XTX Topco Ltd now owns 62,461 shares of the company's stock worth $188,000 after acquiring an additional 41,335 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in Grabagun Digital during the fourth quarter worth about $32,000. Finally, Bridgeway Capital Management LLC purchased a new position in shares of Grabagun Digital in the 4th quarter worth about $150,000. 4.80% of the stock is currently owned by institutional investors and hedge funds.

Grabagun Digital Company Profile

GrabAGun.com is an online retailer of firearms, ammunition and related accessories. GrabAGun.com, formerly known as Colombier Acquisition Corp. II, is based in COPPELL, Texas.

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