Sharplink Gaming (NASDAQ:SBET) Director Obie Mckenzie Sells 18,334 Shares

Key Points

• Obie Mckenzie, a director at Sharplink Gaming Inc., sold 18,334 shares at an average price of $19.17, totaling approximately $351,463, which represents a 42.31% decrease in his position.
• Following the transaction, Mckenzie now owns 24,998 shares valued at about $479,212.
• Sharplink Gaming reported a quarterly loss of ($0.64) earnings per share with a revenue of $0.70 million and has a negative net margin of 3,377.39%.

Sharplink Gaming Inc. (NASDAQ:SBET - Get Free Report) Director Obie Mckenzie sold 18,334 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $19.17, for a total transaction of $351,462.78. Following the completion of the sale, the director directly owned 24,998 shares in the company, valued at $479,211.66. This trade represents a 42.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Sharplink Gaming Stock Up 10.6%

Sharplink Gaming stock traded up $1.9190 during midday trading on Friday, hitting $19.9590. 39,250,466 shares of the company were exchanged, compared to its average volume of 14,423,841. Sharplink Gaming Inc. has a fifty-two week low of $2.26 and a fifty-two week high of $124.12. The business has a fifty day simple moving average of $18.55 and a two-hundred day simple moving average of $12.83.

Sharplink Gaming (NASDAQ:SBET - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported ($0.64) EPS for the quarter. The company had revenue of $0.70 million for the quarter. Sharplink Gaming had a negative return on equity of 15.93% and a negative net margin of 3,377.39%.

Institutional Trading of Sharplink Gaming

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP acquired a new stake in Sharplink Gaming during the second quarter worth about $26,852,000. Anatole Investment Management Ltd acquired a new stake in Sharplink Gaming during the second quarter worth about $6,332,000. JPMorgan Chase & Co. acquired a new stake in Sharplink Gaming during the second quarter worth about $3,229,000. Thames Capital Management LLC acquired a new stake in Sharplink Gaming during the second quarter worth about $1,566,000. Finally, XTX Topco Ltd grew its holdings in Sharplink Gaming by 509.9% in the second quarter. XTX Topco Ltd now owns 110,270 shares of the company's stock valued at $1,095,000 after purchasing an additional 92,189 shares during the period. 13.75% of the stock is owned by institutional investors and hedge funds.

Sharplink Gaming Company Profile

SharpLink Gaming, Inc operates as an online technology company that connects sports fans, leagues, and sports websites to sports betting and iGaming content. The company operates through four segments: Affiliate Marketing Services United States, Affiliate Marketing Services International, Sports Gaming Client Services, and SportsHub Games Network.