Golden Matrix Group (NASDAQ:GMGI) CEO Anthony Brian Goodman Sells 50,000 Shares of Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI) CEO Anthony Brian Goodman sold 50,000 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $0.74, for a total transaction of $37,000.00. Following the transaction, the chief executive officer owned 7,320,483 shares of the company’s stock, valued at approximately $5,417,157.42. This represents a 0.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Anthony Brian Goodman also recently made the following trade(s):

• On Monday, December 15th, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The shares were sold at an average price of $0.80, for a total value of $40,000.00.
• On Monday, December 1st, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The stock was sold at an average price of $0.82, for a total value of $41,000.00.
• On Monday, November 24th, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The stock was sold at an average price of $0.80, for a total value of $40,000.00.

Golden Matrix Group Price Performance

Shares of GMGI stock opened at $0.82 on Wednesday. The stock’s fifty day simple moving average is $0.91 and its 200 day simple moving average is $1.25. Golden Matrix Group, Inc. has a one year low of $0.70 and a one year high of $2.60. The firm has a market cap of $116.38 million, a price-to-earnings ratio of -16.48 and a beta of 0.32. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.61 and a quick ratio of 0.52.

Institutional Trading of Golden Matrix Group

Hedge funds have recently modified their holdings of the company. Marex Group plc bought a new position in shares of Golden Matrix Group during the second quarter worth $26,000. Nuveen LLC acquired a new position in Golden Matrix Group in the first quarter valued at about $52,000. Susquehanna International Group LLP increased its holdings in shares of Golden Matrix Group by 33.7% in the third quarter. Susquehanna International Group LLP now owns 114,409 shares of the company’s stock worth $129,000 after acquiring an additional 28,819 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Golden Matrix Group in the third quarter worth about $33,000. Finally, Marshall Wace LLP acquired a new stake in shares of Golden Matrix Group during the second quarter worth about $57,000. 2.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on GMGI. Weiss Ratings reiterated a “sell (d)” rating on shares of Golden Matrix Group in a research report on Tuesday, October 14th. Loop Capital set a $1.80 price objective on shares of Golden Matrix Group in a research note on Tuesday. Finally, UBS Group set a $1.80 target price on shares of Golden Matrix Group in a research note on Tuesday, October 14th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $2.53.

Golden Matrix Group Company Profile

Golden Matrix Group, Inc provides enterprise software-as-a-service solutions for online casino and sports betting operators. The company develops and owns online gaming intellectual property; and builds gaming platforms for customers located primarily in the Asia Pacific region. Its platform facilitates gaming customers in operating online casinos, sportsbooks, lottery, and live games; and provides customers with access to a portfolio of licensed gaming content, which are provided by gaming content providers.