Grabagun Digital (NYSE:PEW) CEO Marc Nemati Sells 4,083 Shares

Grabagun Digital Holdings Inc. (NYSE:PEW) CEO Marc Nemati sold 4,083 shares of the business’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $2.98, for a total transaction of $12,167.34. Following the transaction, the chief executive officer directly owned 2,535,901 shares in the company, valued at $7,556,984.98. This trade represents a 0.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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

NYSE:PEW opened at $2.99 on Friday. The company has a current ratio of 7.19, a quick ratio of 6.69 and a debt-to-equity ratio of 0.06. Grabagun Digital Holdings Inc. has a one year low of $2.55 and a one year high of $21.40. The firm’s fifty day moving average is $2.92. The firm has a market cap of $88.09 million, a PE ratio of -27.14 and a beta of -0.09.

Grabagun Digital (NYSE:PEW) last posted its quarterly earnings results on Thursday, March 12th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. The company had revenue of $29.62 million during the quarter, compared to analyst estimates of $27.80 million.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PEW shares. Wall Street Zen upgraded Grabagun Digital from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th. Weiss Ratings began coverage on Grabagun Digital in a research report on Monday, March 16th. They issued a “sell (d)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On Grabagun Digital

A number of hedge funds have recently made changes to their positions in PEW. Quadrature Capital Ltd bought a new position in Grabagun Digital during the fourth quarter worth about $279,000. Bridgeway Capital Management LLC bought a new stake in shares of Grabagun Digital in the 4th quarter valued at approximately $150,000. XTX Topco Ltd raised its holdings in shares of Grabagun Digital by 195.7% in the 4th quarter. XTX Topco Ltd now owns 62,461 shares of the company’s stock worth $188,000 after buying an additional 41,335 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Grabagun Digital in the 4th quarter worth approximately $43,000. Finally, Engineers Gate Manager LP bought a new position in shares of Grabagun Digital during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 4.80% of the company’s stock.

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.