Insider Buying: GameStop (NYSE:GME) CEO Acquires $22,774,627.40 in Stock

GameStop Corp. (NYSE:GME) CEO Ryan Cohen bought 844,130 shares of the business’s stock in a transaction that occurred on Tuesday, October 13th. The shares were acquired at an average price of $26.98 per share, with a total value of $22,774,627.40. Following the completion of the transaction, the chief executive officer directly owned 42,492,652 shares of the company’s stock, valued at $1,146,451,750.96. This trade represents a 2.03% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, October 2nd, Ryan Cohen bought 700,000 shares of GameStop stock. The shares were acquired at an average cost of $24.41 per share, with a total value of $17,087,000.00.
• On Tuesday, September 29th, Ryan Cohen bought 450,000 shares of GameStop stock. The shares were acquired at an average cost of $23.48 per share, with a total value of $10,566,000.00.
• On Monday, September 21st, Ryan Cohen purchased 1,150,680 shares of GameStop stock. The stock was acquired at an average price of $22.94 per share, for a total transaction of $26,396,599.20.
• On Thursday, September 10th, Ryan Cohen purchased 1,000,000 shares of GameStop stock. The stock was acquired at an average price of $20.38 per share, for a total transaction of $20,380,000.00.

GameStop Trading Up 3.3%

Shares of GameStop stock opened at $28.04 on Friday. The company’s fifty day simple moving average is $21.50 and its 200-day simple moving average is $22.11. The stock has a market capitalization of $14.15 billion, a PE ratio of 20.89 and a beta of 1.63. GameStop Corp. has a 1-year low of $17.79 and a 1-year high of $28.30. The company has a debt-to-equity ratio of 0.68, a current ratio of 8.72 and a quick ratio of 8.07.

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

Wall Street Analyst Weigh In

GME has been the subject of a number of analyst reports. Wall Street Zen cut GameStop from a “buy” rating to a “hold” rating in a research report on Monday, September 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GameStop in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Trending Headlines about GameStop

Here are the key news stories impacting GameStop this week:

• Positive Sentiment: Ryan Cohen bought 844,130 GME shares—67,130 at $26.75 and 777,000 at $27.00—raising his holdings to roughly 42.49 million shares. The purchase is being interpreted as a strong signal of confidence in GameStop’s long-term strategy. Ryan Cohen buys over 844,000 shares
• Positive Sentiment: Reported insider purchases have totaled nearly $99 million since September, helping fuel retail-investor enthusiasm around a possible “GME 2.0” rally and supporting the stock’s recent momentum. GME insider buying and weekly gains
• Positive Sentiment: Investors are also citing improving profitability, higher adjusted EBITDA guidance and growth in collectibles, although these operational claims are not the immediate trigger for the move.
• Neutral Sentiment: Cohen’s reported comments encouraging investors to bet against GameStop contrast sharply with his stock purchases, creating uncertainty over whether the remarks were commentary, humor or a deliberate challenge to short sellers. Ryan Cohen comments and stock purchase
• Negative Sentiment: Insider Daniel Moore sold 15,480 shares worth approximately $418,000 under a pre-arranged Rule 10b5-1 plan. The sale is relatively small compared with Cohen’s purchase but underscores that insider activity is not uniformly bullish. GameStop insider sale
• Negative Sentiment: GameStop’s prior reported revenue declined 18.7% year over year, and the stock’s rapid advance increases valuation and reversal risk. Analysts remain broadly neutral, with a consensus Hold rating.

Hedge Funds Weigh In On GameStop

Several large investors have recently added to or reduced their stakes in the company. WINTON GROUP Ltd bought a new stake in shares of GameStop during the 2nd quarter valued at $5,111,000. Sterling Investment Advisors Ltd. lifted its stake in shares of GameStop by 33.8% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 18,316 shares of the company’s stock valued at $404,000 after buying an additional 4,627 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of GameStop during the 2nd quarter valued at $1,866,000. AlphaGrep UK Ltd purchased a new position in shares of GameStop during the 2nd quarter valued at $708,000. Finally, Public Employees Retirement System of Ohio bought a new position in GameStop in the 2nd quarter worth $2,578,000. Hedge funds and other institutional investors own 29.21% of the company’s stock.

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.