Insider Selling: Take-Two Interactive Software (NASDAQ:TTWO) Director Sells $80,941.56 in Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Director Ellen Siminoff sold 334 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $242.34, for a total value of $80,941.56. Following the sale, the director owned 1,666 shares in the company, valued at $403,738.44. This trade represents a 16.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Take-Two Interactive Software Price Performance

Shares of Take-Two Interactive Software stock traded up $0.79 on Tuesday, hitting $242.40. The company’s stock had a trading volume of 1,881,326 shares, compared to its average volume of 2,265,266. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.06 and a current ratio of 1.06. Take-Two Interactive Software, Inc. has a 1 year low of $187.63 and a 1 year high of $265.94. The firm has a fifty day moving average price of $239.71 and a 200-day moving average price of $221.51. The company has a market capitalization of $45.32 billion, a price-to-earnings ratio of -140.11, a price-to-earnings-growth ratio of 1.70 and a beta of 0.97.

Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Friday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.51). The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.36 billion. Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.07) EPS. Take-Two Interactive Software has set its Q2 2027 guidance at 0.900-1.000 EPS and its FY 2027 guidance at 5.750-6.000 EPS. As a group, sell-side analysts anticipate that Take-Two Interactive Software, Inc. will post 5.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TTWO shares. Bank of America increased their target price on Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Oppenheimer boosted their price target on shares of Take-Two Interactive Software from $265.00 to $280.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, August 10th. Raymond James Financial set a $300.00 price objective on shares of Take-Two Interactive Software in a report on Thursday, August 6th. Finally, JPMorgan Chase & Co. began coverage on shares of Take-Two Interactive Software in a research report on Tuesday, August 11th. They issued an “overweight” rating and a $310.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $296.95.

Hedge Funds Weigh In On Take-Two Interactive Software

A number of hedge funds have recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Take-Two Interactive Software in the second quarter valued at approximately $332,000. Rakuten Investment Management Inc. purchased a new stake in shares of Take-Two Interactive Software during the second quarter worth approximately $10,613,000. Empowered Funds LLC acquired a new position in Take-Two Interactive Software in the 2nd quarter valued at $2,687,000. United Capital Financial Advisors LLC acquired a new position in Take-Two Interactive Software in the 2nd quarter valued at $1,068,000. Finally, Equitable Holdings Inc. purchased a new position in Take-Two Interactive Software in the 2nd quarter valued at $707,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.