Agena Joel, general counsel at Playstudios, sells $14k in shares

Agena Joel, General Counsel of PLAYSTUDIOS, Inc. (NASDAQ:MYPS), a gaming company with a market capitalization of $159 million and strong balance sheet metrics according to InvestingPro, sold 11,489 shares of Class A Common Stock on July 8, 2025, according to a recent SEC Form 4 filing. The shares were sold at a weighted average price of $1.23, with individual sales prices ranging from $1.19 to $1.25, resulting in a total transaction value of $14,131. The company currently trades at 0.65 times book value and maintains a healthy current ratio of 3.6.

Following the transaction, Agena directly owns 23,812 shares of PLAYSTUDIOS, Inc. Class A Common Stock.

The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 12, 2025.

The filing also indicates that Agena holds derivative securities, including 166,668 Restricted Stock Units, 125,000 Restricted Stock Units, 125,000 Performance Stock Units, 93,217 Stock Options (exercise price $1.01), 93,217 Stock Options (exercise price $1.44), 46,609 Stock Options (exercise price $0.90), and 28,040 Earnout Shares.

In other recent news, PlayStudios reported its first-quarter 2025 earnings with a revenue of $63 million, which was below the expected $66.83 million and marked a 19% year-over-year decline. The company also posted an EPS of -$0.02, missing the forecast by $0.03. Despite these setbacks, PlayStudios’ Adjusted EBITDA of $12.5 million surpassed consensus expectations by 14%, with a sequential margin expansion of 150 basis points. Analysts from Craig-Hallum upgraded PlayStudios’ stock rating to Buy, citing optimism about the company’s Sweepstakes casino, The Win Zone, and its proprietary playAWARDS program. Benchmark also upgraded the stock to Speculative Buy, noting the company’s operational discipline and the potential of its Reinvention plan. PlayStudios is actively working on new product launches, including a sweepstakes platform and a Tetris game, both expected to contribute to future growth. The company’s management has reaffirmed its financial guidance for 2025, excluding potential revenue from these new initiatives. Recent legal developments, such as the Apple (NASDAQ:AAPL) v. Epic Games case, are seen as beneficial factors for PlayStudios, allowing more flexibility in direct-to-consumer sales.

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