Justin Hilty Sells 16,384 Shares of Grabagun Digital (NYSE:PEW) Stock

Grabagun Digital Holdings Inc. (NYSE:PEW) CFO Justin Hilty sold 16,384 shares of Grabagun Digital stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $2.25, for a total transaction of $36,864.00. Following the sale, the chief financial officer directly owned 74,517 shares in the company, valued at $167,663.25. The trade was a 18.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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.

Grabagun Digital Price Performance

PEW stock opened at $2.35 on Friday. Grabagun Digital Holdings Inc. has a 1 year low of $2.22 and a 1 year high of $6.76. The company has a market cap of $69.35 million, a P/E ratio of -10.22 and a beta of -0.08. The firm has a 50-day moving average of $2.53 and a 200 day moving average of $2.72. The company has a debt-to-equity ratio of 0.07, a current ratio of 9.42 and a quick ratio of 8.61.

Grabagun Digital (NYSE:PEW) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.03. The business had revenue of $23.22 million during the quarter. Grabagun Digital had a negative net margin of 6.42% and a negative return on equity of 6.15%. On average, sell-side analysts forecast that Grabagun Digital Holdings Inc. will post -0.22 EPS for the current year.

Institutional Investors Weigh In On Grabagun Digital

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quadrature Capital Ltd purchased a new position in shares of Grabagun Digital during the fourth quarter valued at approximately $279,000. XTX Topco Ltd increased its position in Grabagun Digital by 195.7% during the 4th quarter. XTX Topco Ltd now owns 62,461 shares of the company’s stock valued at $188,000 after buying an additional 41,335 shares in the last quarter. Bridgeway Capital Management LLC purchased a new position in Grabagun Digital during the fourth quarter valued at $150,000. Engineers Gate Manager LP bought a new stake in Grabagun Digital in the fourth quarter worth $32,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Grabagun Digital in the first quarter worth $135,000. Hedge funds and other institutional investors own 4.80% of the company’s stock.

Analyst Upgrades and Downgrades

PEW has been the topic of several research reports. Roth Capital dropped their price target on Grabagun Digital from $6.75 to $5.00 and set a “buy” rating on the stock in a research report on Monday, August 24th. Weiss Ratings reiterated a “sell (d)” rating on shares of Grabagun Digital in a report on Thursday, June 11th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $5.00.

About Grabagun Digital

GrabAGun.com is an online retailer of firearms, ammunition and related accessories. GrabAGun.com, formerly known as Colombier Acquisition Corp. II, is based in COPPELL, Texas.