Insider Buying: GameStop (NYSE:GME) CEO Acquires $10,566,000.00 in Stock

GameStop Corp. (NYSE:GME) CEO Ryan Cohen bought 450,000 shares of the business’s stock in a transaction dated Tuesday, September 29th. The shares were bought at an average cost of $23.48 per share, for a total transaction of $10,566,000.00. Following the completion of the transaction, the chief executive officer directly owned 40,948,522 shares of the company’s stock, valued at $961,471,296.56. This trade represents a 1.11% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Ryan Cohen also recently made the following trade(s):

• On Monday, September 21st, Ryan Cohen purchased 1,150,680 shares of GameStop stock. The stock was bought at an average price of $22.94 per share, with a total value of $26,396,599.20.
• On Thursday, September 10th, Ryan Cohen purchased 1,000,000 shares of GameStop stock. The stock was bought at an average cost of $20.38 per share, for a total transaction of $20,380,000.00.

GameStop Price Performance

NYSE GME opened at $24.14 on Friday. The stock’s 50-day moving average price is $20.42 and its two-hundred day moving average price is $21.89. The company has a current ratio of 8.72, a quick ratio of 8.07 and a debt-to-equity ratio of 0.68. The company has a market cap of $12.18 billion, a PE ratio of 15.88 and a beta of 1.62. GameStop Corp. has a 1 year low of $17.79 and a 1 year high of $28.10.

GameStop (NYSE:GME) last posted its quarterly earnings data on Tuesday, September 8th. The company reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. The company had revenue of $790.20 million during the quarter, compared to analyst estimates of $756.85 million. GameStop had a net margin of 25.16% and a return on equity of 13.57%. The business’s quarterly revenue was down 18.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 earnings per share.

Analyst Ratings Changes

GME has been the topic of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of GameStop in a research report on Wednesday, July 29th. Wall Street Zen lowered GameStop from a “buy” rating to a “hold” rating in a report on Monday, September 7th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Hedge Funds Weigh In On GameStop

A number of large investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in shares of GameStop by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 7,340,631 shares of the company’s stock worth $147,431,000 after purchasing an additional 92,996 shares during the period. Dimensional Fund Advisors LP increased its stake in GameStop by 189.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,909,284 shares of the company’s stock valued at $90,046,000 after buying an additional 2,557,079 shares during the period. Renaissance Technologies LLC increased its stake in GameStop by 376.2% in the 1st quarter. Renaissance Technologies LLC now owns 2,650,303 shares of the company’s stock valued at $61,063,000 after buying an additional 2,093,755 shares during the period. Pacer Advisors Inc. lifted its position in GameStop by 19.3% in the 4th quarter. Pacer Advisors Inc. now owns 1,112,535 shares of the company’s stock worth $22,340,000 after buying an additional 180,356 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in GameStop by 3.8% in the 1st quarter. Principal Financial Group Inc. now owns 919,960 shares of the company’s stock worth $21,196,000 after buying an additional 33,553 shares in the last quarter. Institutional investors and hedge funds own 29.21% of the company’s stock.

GameStop News Summary

Here are the key news stories impacting GameStop this week:

• Positive Sentiment: Ryan Cohen bought another 450,000 GameStop shares for approximately $10.6 million. The purchase was made at an average of $23.48 per share and increased his direct ownership to roughly 40.95 million shares. It follows purchases of 1 million shares on September 10 and 1.15 million shares on September 21, bringing his September buying to about 2.6 million shares worth approximately $57.3 million. The repeated open-market purchases signal confidence from senior leadership and have helped support recent gains in GME. GameStop insider purchase report
• Positive Sentiment: Other GameStop directors reportedly followed Cohen with purchases. Buying shares at progressively higher prices strengthens the insider-alignment narrative and suggests that several company insiders view the stock as attractive despite its volatility. Ryan Cohen and director purchases
• Neutral Sentiment: Institutional activity provides some additional support. Several funds initiated or increased GameStop positions during the second quarter, although institutional ownership remains a minority of the shares outstanding. The stock is also trading above its 50-day and 200-day moving averages, reflecting improved recent momentum.
• Negative Sentiment: Fundamental concerns remain unresolved. GameStop’s latest quarterly revenue fell 18.7% year over year, and earnings matched estimates rather than exceeded them. The company is still navigating an operational transition, while the consensus analyst rating remains “Hold”; one rating service recently downgraded the shares. The insider-buying thesis could be challenged if revenue declines continue or the company fails to produce sustainable growth.

About GameStop

GameStop Corp. is a multichannel retailer focused on video game products and related entertainment merchandise. The company sells new and pre-owned video game hardware, software, accessories and consumer electronics through its retail stores and e-commerce websites. Its product offerings include gaming consoles, controllers, headsets, games and other equipment for major platforms.

GameStop also sells collectibles, apparel, toys, trading cards and other products connected to video games and popular culture.