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 stock in a transaction on Monday, December 1st. The stock was sold at an average price of $0.82, for a total transaction of $41,000.00. Following the completion of the sale, the chief executive officer owned 7,370,483 shares in the company, valued at $6,043,796.06. The trade was a 0.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, November 24th, 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 transaction of $40,000.00.

Golden Matrix Group Price Performance

NASDAQ:GMGI opened at $0.73 on Tuesday. The firm’s fifty day moving average is $0.95 and its two-hundred day moving average is $1.29. The firm has a market cap of $103.51 million, a price-to-earnings ratio of -14.66 and a beta of 0.32. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.52 and a current ratio of 0.61. Golden Matrix Group, Inc. has a one year low of $0.71 and a one year high of $2.60.

Analyst Ratings Changes

Several analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Golden Matrix Group in a report on Tuesday, October 14th. UBS Group set a $1.80 target price on shares of Golden Matrix Group in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $2.90.

Institutional Trading of Golden Matrix Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Susquehanna International Group LLP lifted its position in shares of Golden Matrix Group by 33.7% during the 3rd quarter. Susquehanna International Group LLP now owns 114,409 shares of the company’s stock valued at $129,000 after buying an additional 28,819 shares in the last quarter. Millennium Management LLC raised its position in Golden Matrix Group by 68.8% during the third quarter. Millennium Management LLC now owns 131,812 shares of the company’s stock worth $149,000 after acquiring an additional 53,703 shares during the period. Citadel Advisors LLC lifted its holdings in Golden Matrix Group by 1,603.2% during the third quarter. Citadel Advisors LLC now owns 206,082 shares of the company’s stock valued at $233,000 after purchasing an additional 193,982 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Golden Matrix Group in the third quarter valued at about $33,000. Finally, Topline Capital Management LLC increased its stake in shares of Golden Matrix Group by 1,072.4% during the third quarter. Topline Capital Management LLC now owns 623,909 shares of the company’s stock worth $705,000 after purchasing an additional 570,694 shares in the last quarter. 2.74% of the stock is currently owned by hedge funds and other institutional investors.

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.