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Anthony Brian Goodman, CEO of Golden Matrix Group, Inc. (NASDAQ:GMGI), and Luxor Capital LLC, where Goodman is the Managing Member, reported selling 50,000 shares of common stock on August 11, 2025. The company, currently valued at $194 million, has seen its stock decline 38% over the past year. According to InvestingPro analysis, GMGI appears undervalued at current levels, with multiple ProTips available for subscribers.
The shares were sold at prices ranging from $1.31 to $1.43, netting a total of $67,500. The transaction occurred near GMGI’s 52-week low of $1.31, while the company reported a negative earnings per share of $0.07 over the last twelve months. Following the transaction, Goodman directly owns 8,554,079 shares. Luxor Capital LLC, which is wholly-owned by Mr. Goodman, holds 7,470,483 shares.
In other recent news, Golden Matrix Group Inc. reported its second-quarter 2025 earnings, which showed mixed results. The company recorded a net loss of $3.6 million, or $0.03 per share, which was more substantial than the anticipated loss of $0.0033 per share. Additionally, the revenue fell short of expectations, totaling $43.25 million compared to the forecasted $46.38 million. These results reflect the challenges Golden Matrix is currently facing, as the company did not meet analysts’ projections. Despite these setbacks, the company continues to be a subject of interest among investors and analysts. There were no recent updates on any mergers or acquisitions involving Golden Matrix. Furthermore, there have been no recent changes in analyst ratings for the company. Investors are closely monitoring these developments to gauge the company’s future performance.
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