AlphaQuest LLC Sells 46,058 Shares of Corsair Gaming, Inc. (NASDAQ:CRSR)

AlphaQuest LLC cut its holdings in Corsair Gaming, Inc. (NASDAQ:CRSR - Free Report) by 69.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,380 shares of the company's stock after selling 46,058 shares during the period. AlphaQuest LLC's holdings in Corsair Gaming were worth $135,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its stake in Corsair Gaming by 85.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,037,958 shares of the company's stock worth $28,104,000 after acquiring an additional 1,857,532 shares during the last quarter. State Street Corp increased its stake in Corsair Gaming by 0.8% in the 3rd quarter. State Street Corp now owns 1,631,501 shares of the company's stock worth $11,355,000 after acquiring an additional 12,373 shares during the last quarter. New York State Common Retirement Fund increased its stake in Corsair Gaming by 40.4% in the 4th quarter. New York State Common Retirement Fund now owns 738,922 shares of the company's stock worth $4,884,000 after acquiring an additional 212,792 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Corsair Gaming by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 397,801 shares of the company's stock worth $2,629,000 after acquiring an additional 15,067 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Corsair Gaming by 3.5% in the 4th quarter. Principal Financial Group Inc. now owns 218,742 shares of the company's stock worth $1,446,000 after acquiring an additional 7,351 shares during the last quarter. 25.66% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other Corsair Gaming news, CFO Michael G. Potter sold 4,124 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $10.08, for a total value of $41,569.92. Following the completion of the sale, the chief financial officer now directly owns 125,650 shares in the company, valued at approximately $1,266,552. This represents a 3.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 58.89% of the company's stock.

Wall Street Analysts Forecast Growth

CRSR has been the topic of a number of research reports. Wedbush reaffirmed an "outperform" rating and issued a $12.00 price objective (up previously from $10.00) on shares of Corsair Gaming in a research note on Wednesday, February 5th. Robert W. Baird boosted their target price on Corsair Gaming from $8.00 to $11.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Finally, Barclays boosted their target price on Corsair Gaming from $9.00 to $12.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $10.14.

Corsair Gaming Trading Up 1.3 %

CRSR traded up $0.13 during trading hours on Friday, reaching $10.07. 1,459,790 shares of the company's stock traded hands, compared to its average volume of 613,002. The firm has a 50-day moving average price of $10.16 and a 200 day moving average price of $7.99. Corsair Gaming, Inc. has a 52-week low of $5.60 and a 52-week high of $13.02. The company has a quick ratio of 0.92, a current ratio of 1.57 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $1.06 billion, a PE ratio of -10.60 and a beta of 1.60.

Corsair Gaming (NASDAQ:CRSR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.16. Corsair Gaming had a negative return on equity of 4.62% and a negative net margin of 7.53%. As a group, sell-side analysts predict that Corsair Gaming, Inc. will post 0.22 EPS for the current fiscal year.

About Corsair Gaming

Corsair Gaming, Inc, together with its subsidiaries, designs, develops, markets, and sells gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. It offers gamer and creator peripherals, including gaming keyboards, mice, headsets, controllers, and streaming products, such as capture cards, stream decks, microphones and audio interfaces, facecam streaming cameras, studio accessories, gaming furniture, and other related products.