Take-Two Interactive Software CFO Sells $688,800 in Stock (TTWO)
Take-Two Interactive Software (NASDAQ:TTWO) CFO Lainie Goldstein sold 40,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $17.22, for a total value of $688,800.00. Following the sale, the chief financial officer now directly owns 662,533 shares of the company’s stock, valued at approximately $11,408,818. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $2.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.48 by $1.01. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $836.71 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 340.5% on a year-over-year basis.
A number of analysts have recently weighed in on TTWO shares. Analysts at Cowen and Company downgraded shares of Take-Two Interactive Software from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, November 22nd. They now have a $17.00 price target on the stock, down previously from $22.00. Analysts at Brean Capital reiterated a “hold” rating on shares of Take-Two Interactive Software in a research note to investors on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $20.50.
Take-Two Interactive Software, Inc is a developer, marketer and publisher of interactive entertainment for consumers worldwide.
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