Insider Selling: Take-Two Interactive Software (NASDAQ:TTWO) Insider Sells $199,585.05 in Stock

Key Points

• Take-Two insider Daniel Emerson sold 917 shares for approximately $199,585 under a pre-arranged Rule 10b5-1 plan to cover tax obligations from vested equity awards. He retains 113,071 shares.
• Take-Two shares traded around $214.69, below their 50-day and 200-day moving averages, after the company reported a quarterly EPS loss of $0.18 despite revenue of $1.53 billion, which exceeded expectations.
• Wall Street remains broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $296.95; institutional investors own approximately 95.46% of outstanding shares.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) insider Daniel Emerson sold 917 shares of Take-Two Interactive Software stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $217.65, for a total value of $199,585.05. Following the completion of the sale, the insider directly owned 113,071 shares in the company, valued at $24,609,903.15. This trade represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through 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.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock traded up $0.56 during midday trading on Friday, reaching $214.69. 2,076,509 shares of the stock traded hands, compared to its average volume of 2,316,363. The stock's fifty day moving average is $240.47 and its 200-day moving average is $223.37. Take-Two Interactive Software, Inc. has a 12 month low of $187.63 and a 12 month high of $265.94. The stock has a market cap of $40.14 billion, a P/E ratio of -124.10, a PEG ratio of 1.44 and a beta of 0.97. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last released its quarterly earnings data on Friday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.51). The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.36 billion. Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.The business's revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.07) EPS. Take-Two Interactive Software has set its Q2 2027 guidance at 0.900-1.000 EPS and its FY 2027 guidance at 5.750-6.000 EPS. As a group, equities research analysts anticipate that Take-Two Interactive Software, Inc. will post 5.51 EPS for the current year.

Wall Street Analyst Weigh In

TTWO has been the subject of several research reports. Wells Fargo & Company increased their price objective on shares of Take-Two Interactive Software from $289.00 to $300.00 and gave the company an "overweight" rating in a research report on Monday, August 10th. Oppenheimer upped their target price on shares of Take-Two Interactive Software from $265.00 to $280.00 and gave the company an "outperform" rating in a research report on Monday, August 10th. Benchmark reaffirmed a "buy" rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. JPMorgan Chase & Co. began coverage on Take-Two Interactive Software in a research report on Tuesday, August 11th. They issued an "overweight" rating and a $310.00 price target for the company. Finally, Roth Capital boosted their price objective on Take-Two Interactive Software from $295.00 to $300.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Take-Two Interactive Software presently has an average rating of "Moderate Buy" and an average price target of $296.95.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System lifted its holdings in shares of Take-Two Interactive Software by 21,833.4% in the 2nd quarter. California State Teachers Retirement System now owns 65,809,235 shares of the company's stock worth $16,450,993,000 after acquiring an additional 65,509,194 shares during the last quarter. BlackRock Inc. bought a new position in Take-Two Interactive Software during the 2nd quarter valued at about $4,560,679,000. Norges Bank purchased a new stake in Take-Two Interactive Software in the 4th quarter worth about $735,389,000. Bank of America Corp DE bought a new stake in Take-Two Interactive Software in the second quarter worth about $599,405,000. Finally, Legal & General Group Plc bought a new stake in Take-Two Interactive Software in the second quarter worth about $277,219,000. Institutional investors own 95.46% of the company's stock.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two's publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.

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