GameStop (NYSE:GME) General Counsel Sells $111,909.00 in Stock

GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson sold 5,475 shares of GameStop stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $20.44, for a total transaction of $111,909.00. Following the completion of the transaction, the general counsel owned 117,355 shares in the company, valued at approximately $2,398,736.20. This trade represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

GameStop Stock Up 0.5%

Shares of GameStop stock opened at $21.39 on Friday. GameStop Corp. has a one year low of $19.93 and a one year high of $35.81. The company has a market cap of $9.58 billion, a P/E ratio of 26.08 and a beta of -1.23. The company has a debt-to-equity ratio of 0.78, a quick ratio of 9.77 and a current ratio of 10.39. The firm has a fifty day moving average of $21.57 and a two-hundred day moving average of $22.98.

GameStop (NYSE:GME) last issued its earnings results on Tuesday, December 9th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.04. The business had revenue of $821.00 million for the quarter, compared to the consensus estimate of $987.29 million. GameStop had a net margin of 11.08% and a return on equity of 9.75%. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 earnings per share. On average, analysts forecast that GameStop Corp. will post 0.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of GameStop in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, GameStop presently has an average rating of “Reduce” and an average price target of $13.50.

Hedge Funds Weigh In On GameStop

Several hedge funds and other institutional investors have recently bought and sold shares of GME. JPMorgan Chase & Co. boosted its stake in shares of GameStop by 28.3% during the second quarter. JPMorgan Chase & Co. now owns 1,025,993 shares of the company’s stock valued at $25,024,000 after acquiring an additional 226,234 shares during the last quarter. Bayforest Capital Ltd lifted its holdings in GameStop by 654.6% in the 1st quarter. Bayforest Capital Ltd now owns 15,212 shares of the company’s stock valued at $340,000 after purchasing an additional 13,196 shares in the last quarter. Triumph Capital Management lifted its holdings in GameStop by 194.6% in the 2nd quarter. Triumph Capital Management now owns 35,155 shares of the company’s stock valued at $857,000 after purchasing an additional 23,222 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of GameStop by 347.7% during the 2nd quarter. Marshall Wace LLP now owns 6,657,678 shares of the company’s stock worth $162,381,000 after purchasing an additional 5,170,741 shares during the last quarter. Finally, Voya Investment Management LLC grew its holdings in shares of GameStop by 28.8% during the first quarter. Voya Investment Management LLC now owns 179,896 shares of the company’s stock worth $4,015,000 after buying an additional 40,238 shares in the last quarter. 29.21% of the stock is owned by institutional investors and hedge funds.

More GameStop News

Here are the key news stories impacting GameStop this week:

• Positive Sentiment: Board grants Ryan Cohen a long‑term, performance‑based award that vests only if GameStop reaches a $100B market cap and $10B in cumulative core profit — a high‑risk/high‑reward incentive that investors interpret as aligning management with aggressive upside, driving buying interest. GameStop announces new stock option award for CEO Cohen
• Neutral Sentiment: Analysis notes the company’s risk profile has shifted from “melting ice cube” to an execution‑driven outcome under Cohen — downside appears limited by a cash‑rich balance sheet and positive cash flow, but material upside depends on a transformation that has not yet been fully articulated. GameStop: From Melting Ice Cube To A Directional Bet On Cohen’s Incentives
• Negative Sentiment: Ongoing store closures (a North Dartmouth location recently closed as part of hundreds nationwide) underscore continued structural pressure on GameStop’s physical retail footprint, reminding investors that execution risk and secular retail headwinds remain. GameStop location in North Dartmouth closes, joining hundreds nationwide
• Negative Sentiment: Insider selling by senior executives (General Counsel disclosed a sale of ~5,475 shares) can be read as a neutral/negative governance signal to some investors, adding short‑term selling pressure or caution despite the bullish CEO award. GameStop (NYSE:GME) General Counsel Sells $111,909.00 in Stock

GameStop Company Profile

GameStop Corp. (NYSE:GME) is a global specialty retailer focused on video games, gaming consoles, consumer electronics and related accessories. The company operates a network of physical retail stores alongside an e-commerce platform, offering new and pre-owned products spanning the latest game software, hardware, collectibles and lifestyle merchandise. GameStop’s retail footprint is complemented by digital marketplaces for trade-ins and online purchases, as well as a membership program that provides exclusive content and rewards.

Originally founded in 1984 as Babbage’s in Dallas, Texas, the company adopted the GameStop name in 1999 following its merger with Software Etc.