Insider Selling: Frank D. Gibeau Unloads 44,405 Shares of Electronic Arts Stock (EA)
Electronic Arts (NASDAQ:EA) Insider Frank D. Gibeau sold 44,405 shares of Electronic Arts stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $37.30, for a total value of $1,656,306.50. Following the completion of the sale, the insider now directly owns 153,908 shares of the company’s stock, valued at approximately $5,740,768. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Wedbush raised their price target on shares of Electronic Arts from $43.00 to $49.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Electronic Arts from $40.00 to $46.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Electronic Arts from $38.00 to $44.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Electronic Arts currently has a consensus rating of “Buy” and a consensus price target of $41.49.
Electronic Arts (NASDAQ:EA) traded up 0.16% on Friday, hitting $37.82. 840,938 shares of the company’s stock traded hands. Electronic Arts has a one year low of $20.47 and a one year high of $38.64. The stock’s 50-day moving average is $35.91 and its 200-day moving average is $32.24. The company has a market cap of $11.823 billion and a price-to-earnings ratio of 97.82.
Electronic Arts (NASDAQ:EA) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.04) by $0.23. The company had revenue of $775.00 million for the quarter, compared to the consensus estimate of $709.15 million. During the same quarter last year, the company posted ($0.40) earnings per share. Electronic Arts’s revenue was up 56.6% compared to the same quarter last year. On average, analysts predict that Electronic Arts will post $1.92 earnings per share for the current fiscal year.
Electronic Arts Inc develops, markets, publishes and distributes game software content and services that can be played by consumers on a variety of video game machines and electronic devices.
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