Golden Matrix Group, Inc. (NASDAQ:GMGI) Director Sells $15,900.00 in Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI - Get Free Report) Director Thomas Mcchesney sold 7,500 shares of the business's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $2.12, for a total value of $15,900.00. Following the transaction, the director now directly owns 271,897 shares of the company's stock, valued at approximately $576,421.64. This represents a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Thomas Mcchesney also recently made the following trade(s):

• On Friday, March 28th, Thomas Mcchesney sold 257 shares of Golden Matrix Group stock. The shares were sold at an average price of $2.13, for a total value of $547.41.

Golden Matrix Group Stock Down 1.0 %

NASDAQ GMGI traded down $0.02 on Monday, reaching $2.02. The stock had a trading volume of 59,074 shares, compared to its average volume of 144,976. Golden Matrix Group, Inc. has a 12-month low of $1.70 and a 12-month high of $6.27. The business's 50-day moving average price is $2.00 and its 200 day moving average price is $2.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.82 and a quick ratio of 0.75.

Institutional Investors Weigh In On Golden Matrix Group

Large investors have recently modified their holdings of the stock. Rhumbline Advisers boosted its holdings in shares of Golden Matrix Group by 390.5% in the fourth quarter. Rhumbline Advisers now owns 106,449 shares of the company's stock valued at $211,000 after acquiring an additional 84,749 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Golden Matrix Group by 14.4% in the fourth quarter. Geode Capital Management LLC now owns 623,498 shares of the company's stock valued at $1,235,000 after acquiring an additional 78,427 shares during the period. Squarepoint Ops LLC purchased a new position in shares of Golden Matrix Group in the 4th quarter valued at about $84,000. JPMorgan Chase & Co. lifted its stake in shares of Golden Matrix Group by 460.5% in the fourth quarter. JPMorgan Chase & Co. now owns 50,819 shares of the company's stock valued at $101,000 after purchasing an additional 41,752 shares during the period. Finally, Barclays PLC boosted its holdings in Golden Matrix Group by 332.6% during the third quarter. Barclays PLC now owns 29,160 shares of the company's stock worth $67,000 after buying an additional 22,420 shares in the last quarter. Hedge funds and other institutional investors own 2.74% of the company's stock.

Remove Ads

Analysts Set New Price Targets

Separately, Maxim Group started coverage on shares of Golden Matrix Group in a report on Friday, February 21st. They issued a "buy" rating and a $4.00 target price for the company.

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.