Insider Selling: Sharplink Gaming (NASDAQ:SBET) Director Sells 18,334 Shares of Stock

Sharplink Gaming Inc. (NASDAQ:SBET) Director Leslie Bernhard sold 18,334 shares of Sharplink Gaming stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $19.17, for a total transaction of $351,462.78. Following the sale, the director directly owned 24,998 shares of the company’s stock, valued at $479,211.66. This represents a 42.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Sharplink Gaming Stock Up 5.9%

Sharplink Gaming stock opened at $19.47 on Thursday. The company has a 50 day moving average price of $18.84 and a 200-day moving average price of $12.74. Sharplink Gaming Inc. has a fifty-two week low of $2.26 and a fifty-two week high of $124.12.

Sharplink Gaming (NASDAQ:SBET) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.64) earnings per share for the quarter. Sharplink Gaming had a negative net margin of 3,377.39% and a negative return on equity of 15.93%. The company had revenue of $0.70 million for the quarter.

Institutional Trading of Sharplink Gaming

Institutional investors and hedge funds have recently modified their holdings of the stock. Anatole Investment Management Ltd bought a new stake in shares of Sharplink Gaming during the second quarter valued at approximately $6,332,000. HUB Investment Partners LLC bought a new position in Sharplink Gaming in the second quarter worth approximately $298,000. NewEdge Advisors LLC bought a new position in Sharplink Gaming in the second quarter worth approximately $101,000. Qube Research & Technologies Ltd bought a new position in Sharplink Gaming in the second quarter worth approximately $151,000. Finally, Marshall Wace LLP bought a new position in Sharplink Gaming in the second quarter worth approximately $26,852,000. Institutional investors own 13.75% of the company’s stock.

About Sharplink Gaming

SharpLink Gaming, Inc operates as an online technology company that connects sports fans, leagues, and sports websites to sports betting and iGaming content. The company operates through four segments: Affiliate Marketing Services United States, Affiliate Marketing Services International, Sports Gaming Client Services, and SportsHub Games Network.