TSX futures point slightly higher ahead of key employment figures
Laura Miele, President of EA Entertainment, sold 2,500 shares of Electronic Arts Inc. (NASDAQ:EA) common stock on September 2, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sales, conducted under a pre-arranged 10b5-1 trading plan, totaled $429,233. The transaction comes as EA’s stock trades near its 52-week high, having gained over 33% in the past six months. According to InvestingPro analysis, the company appears to be trading above its Fair Value, placing it among other overvalued stocks.
The transactions involved three separate sales. Miele sold 100 shares at $170.05 each, 1,900 shares at a weighted average price of $171.5583, with prices ranging from $171.15 to $171.97, and 500 shares at a weighted average price of $172.5358, with prices ranging from $172.15 to $172.96.
Following the reported transactions, Miele directly owns 55,592 shares of Electronic Arts.
In other recent news, Electronic Arts announced that its skateboarding game "skate." will launch in early access on September 16, available on multiple platforms including PlayStation and Xbox. This new release is part of a broader strategy that has led Benchmark to raise its price target for Electronic Arts to $200, citing a "compelling multi-year setup" due to upcoming game releases like Battlefield 6. Additionally, Oppenheimer maintained its Outperform rating and a $185 price target for the company, highlighting the strong performance of the Battlefield 6 beta, which set a new franchise record with 92.4 million gameplay hours.
Oppenheimer also adjusted its estimate for Battlefield 6 open beta participants from 5 million to over 20 million, based on comprehensive data analysis. In corporate governance news, Electronic Arts has amended its Change in Control Severance Plan to include a pro rata bonus for the year of employment termination, aligning certain plan elements with market practices. The company also reported voting results from its annual meeting, where several directors were elected with a majority of votes in favor. These developments reflect significant activity within Electronic Arts as it continues to expand its gaming portfolio and refine its corporate policies.
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