Sharplink Gaming (NASDAQ:SBET) Director Sells $351,462.78 in Stock

Key Points

• Leslie Bernhard, a director at Sharplink Gaming Inc., sold 18,334 shares for approximately $351,462.78, resulting in a 42.31% decrease in his holdings.
• Sharplink Gaming's stock price rose by 1.4% to $20.12, with significant trading volume of over 43 million shares.
• The company reported a negative EPS of $0.64 and a staggering net margin of -3,377.39% in its latest quarterly earnings.

Sharplink Gaming Inc. (NASDAQ:SBET - Get Free Report) Director Leslie Bernhard sold 18,334 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $19.17, for a total value of $351,462.78. Following the transaction, the director directly owned 24,998 shares in the company, valued at $479,211.66. This represents a 42.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Sharplink Gaming Trading Up 10.6%

NASDAQ:SBET traded up $1.9190 during mid-day trading on Friday, hitting $19.9590. 39,250,466 shares of the company's stock traded hands, compared to its average volume of 14,423,841. The company has a fifty day moving average of $18.55 and a 200 day moving average of $12.83. Sharplink Gaming Inc. has a twelve month low of $2.26 and a twelve month high of $124.12.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Anatole Investment Management Ltd acquired a new position in Sharplink Gaming during the 2nd quarter valued at about $6,332,000. JPMorgan Chase & Co. purchased a new position in shares of Sharplink Gaming in the second quarter worth about $3,229,000. HUB Investment Partners LLC purchased a new position in shares of Sharplink Gaming in the second quarter worth about $298,000. Qube Research & Technologies Ltd purchased a new position in shares of Sharplink Gaming in the second quarter worth about $151,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Sharplink Gaming in the second quarter worth about $101,000. 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.