Take-Two (NASDAQ:TTWO) Interactive Software Inc. (NASDAQ:TTWO) director Jon J. Moses has sold 2,500 shares of the company's common stock, a transaction valued at approximately $378,137. The shares were sold at a weighted average price of $151.255, with individual transaction prices ranging from $151.25 to $151.259.
The sale, which took place on May 21, 2024, was reported in a recent filing with the Securities and Exchange Commission (SEC). Following the transaction, Moses continues to own 21,981 shares of Take-Two Interactive Software Inc., indicating a continued investment in the company's future.
Take-Two Interactive Software Inc., known for its high-profile video game franchises, has been a significant player in the interactive entertainment industry. The company's stock performance is closely watched by investors, and transactions by company insiders such as directors are often seen as a signal of the executive's confidence in the company's prospects.
Investors typically monitor insider sales for insights into company performance and strategic direction. The recent sale by Moses represents a notable change in his investment position, although it is not uncommon for executives to liquidate portions of their holdings for personal financial management.
The SEC filing provides essential details for shareholders and potential investors, ensuring transparency in the actions of the company's management and board members. As Take-Two Interactive continues to navigate the competitive landscape of the gaming industry, insider transactions remain a point of interest for market participants looking to understand the internal confidence levels at the firm.
For those interested in the specifics of the transaction, the SEC filing includes a footnote indicating Moses' willingness to provide further details about the sales prices upon request. This level of disclosure is part of the regulatory framework designed to ensure fair and open markets.
With the gaming industry evolving and Take-Two Interactive at the forefront of developing engaging digital experiences, investors will likely keep a close eye on the movements of the company's executives and their stake in the company's success.
InvestingPro Insights
As Take-Two Interactive Software Inc. (NASDAQ:TTWO) navigates the competitive gaming landscape, real-time data and insights from InvestingPro offer a deeper look into the company's financial health and market performance. With a market capitalization of 25.72 billion USD, Take-Two's financial metrics provide investors with key information to assess the company's valuation and potential for future profitability.
InvestingPro data reveals that Take-Two is currently trading at a high revenue valuation multiple, with a Price / Book ratio in the last twelve months as of Q4 2024 standing at 4.54. Despite a slight decline in revenue growth of -0.01% in the same period, the company's gross profit margin remains strong at 41.72%, indicating a solid underlying business model.
Investors should note that Take-Two has not been profitable over the last twelve months, with a reported operating income margin of -21.38%. However, this has not deterred analysts from predicting that the company will return to profitability this year. This optimism is reflected in the company's 1 Year Price Total Return of 10.32%, suggesting that the market has confidence in Take-Two's strategic direction and future earnings potential.
As part of the InvestingPro Tips, it's important to highlight that Take-Two generally trades with low price volatility, which may appeal to investors seeking stability in their portfolio. Additionally, the company operates with a moderate level of debt, which can be a reassuring sign of financial prudence in uncertain economic times.
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