Insider Selling: GameStop (NYSE:GME) Insider Sells 830 Shares of Stock

Key Points

• GameStop insider Daniel William Moore sold 830 shares at an average price of $22.68, totaling $18,824.40, which represents a 0.69% decrease in their holdings.
• Following the transaction, Moore retains 119,129 shares valued at approximately $2.7 million, indicating significant ongoing investment in the company.
• GameStop's stock recently fell by 2.1%, closing at $22.92, with a market capitalization of $10.25 billion and a reported year-over-year revenue decrease of 16.9%.

GameStop Corp. (NYSE:GME - Get Free Report) insider Daniel William Moore sold 830 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $22.68, for a total transaction of $18,824.40. Following the transaction, the insider owned 119,129 shares of the company's stock, valued at approximately $2,701,845.72. This trade represents a 0.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Daniel William Moore also recently made the following trade(s):

• On Wednesday, July 2nd, Daniel William Moore sold 721 shares of GameStop stock. The stock was sold at an average price of $23.95, for a total transaction of $17,267.95.

GameStop Stock Down 2.1%

Shares of NYSE GME traded down $0.50 during trading hours on Wednesday, hitting $22.92. 9,722,794 shares of the stock were exchanged, compared to its average volume of 10,775,739. The company has a quick ratio of 7.89, a current ratio of 8.39 and a debt-to-equity ratio of 0.30. The company has a market cap of $10.25 billion, a PE ratio of 49.82 and a beta of -0.93. The firm has a fifty day moving average price of $23.07 and a 200-day moving average price of $25.03. GameStop Corp. has a 12 month low of $19.31 and a 12 month high of $35.81.

GameStop (NYSE:GME - Get Free Report) last posted its quarterly earnings data on Tuesday, June 10th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.04 by $0.13. The firm had revenue of $732.40 million during the quarter, compared to analyst estimates of $754.23 million. GameStop had a net margin of 5.67% and a return on equity of 5.25%. GameStop's revenue was down 16.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.12) EPS. On average, sell-side analysts expect that GameStop Corp. will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its holdings in shares of GameStop by 226.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,277 shares of the company's stock valued at $31,000 after purchasing an additional 886 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of GameStop in the second quarter valued at about $45,000. Hantz Financial Services Inc. grew its holdings in shares of GameStop by 1,523.7% in the second quarter. Hantz Financial Services Inc. now owns 2,127 shares of the company's stock valued at $52,000 after purchasing an additional 1,996 shares during the period. UMB Bank n.a. grew its holdings in shares of GameStop by 100.6% in the first quarter. UMB Bank n.a. now owns 3,651 shares of the company's stock valued at $81,000 after purchasing an additional 1,831 shares during the period. Finally, US Bancorp DE grew its holdings in shares of GameStop by 92.5% in the first quarter. US Bancorp DE now owns 3,726 shares of the company's stock valued at $83,000 after purchasing an additional 1,790 shares during the period. Hedge funds and other institutional investors own 29.21% of the company's stock.

Analysts Set New Price Targets

Separately, Wedbush raised shares of GameStop to a "strong sell" rating in a research report on Tuesday, July 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, GameStop currently has an average rating of "Sell" and a consensus target price of $13.50.

About GameStop

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.

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