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Thomas McChesney, a director at Golden Matrix Group, Inc. (NASDAQ:GMGI), recently executed several transactions involving the company’s common stock. McChesney sold a total of 7,757 shares over two days, with the sales occurring at prices ranging from $2.12 to $2.13 per share. The total value of these sales amounted to $16,447. The company, currently valued at $277 million, has shown impressive revenue growth of 62.5% over the last twelve months, though InvestingPro data indicates it’s trading at relatively high valuation multiples.
In addition to the sales, McChesney exercised stock options to acquire 60,000 shares at a price of $0.795 per share, totaling $47,700. These transactions reflect McChesney’s ongoing management of his equity position in the company. Following these transactions, McChesney holds 309,453 shares of Golden Matrix Group. For deeper insights into insider trading patterns and comprehensive analysis, including 6 additional key ProTips about GMGI, check out the detailed research available on InvestingPro.
In other recent news, Golden Matrix Group Inc reported a significant 63% year-over-year increase in revenue for Q4 2024, reaching $151 million. Despite this strong revenue growth, the company recorded a net loss of $1.5 million. The company has projected Q1 2025 revenue to be between $42 million and $45 million, which would represent a 69-81% increase compared to the previous year. Golden Matrix has been expanding its market presence through acquisitions and technology upgrades, which have enhanced its brand value and revenue base. The company has also launched AI-driven products to boost user engagement. Analyst firms have not provided any recent upgrades or downgrades for the company’s stock. Golden Matrix’s strategic focus includes market expansion, AI-driven personalization, and product portfolio enhancement. The company’s CFO, Rich Christensen, emphasized the commitment to maximizing shareholder value and operational efficiency.
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