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LAS VEGAS—Michael Cribari, a director and ten percent owner at High Roller Technologies, Inc. (NASDAQ:ROLR), made a significant purchase of company stock, according to a recent SEC filing. The purchase comes as the stock has experienced substantial decline, with InvestingPro data showing a 67% drop in the past week and a 70% decline over the past year. On June 6, Cribari acquired 3,433 shares of common stock in an open market transaction, spending approximately $10,419. The shares were bought at a weighted average price of $3.035 per share, with transaction prices ranging from $2.80 to $3.22. According to InvestingPro analysis, the stock appears undervalued compared to its Fair Value estimate.
Following this acquisition, Cribari holds a direct ownership of 46,052 shares. Additionally, he has indirect ownership interests in a substantial number of shares through entities such as Cascadia Holdings Limited and Spike Up Media A.B., as noted in the filing footnotes. This move reflects Cribari’s continued confidence in High Roller Technologies, a company known for its innovative solutions in the tech industry. With a market capitalization of $19.5 million and revenue of $28.2 million in the last twelve months, the company faces some challenges, including a current ratio of 0.57. Discover more comprehensive insider trading analysis and 8 additional key insights with InvestingPro’s exclusive research report.
In other recent news, High Roller Technologies reported a mixed financial performance for the first quarter of 2025. The company saw a 4% increase in revenue year-over-year, reaching $6.8 million, but also experienced a widening net loss of $3.3 million, or 39 cents per share. The increased net loss was attributed to a 50% rise in marketing expenditures, totaling $4.1 million. High Roller Technologies is focusing on strategic market entries and product innovations, with plans to expand into regulated markets such as Ontario and Alberta later in 2025. The company also announced the appointment of Adam Felman as the new Chief Financial Officer, bringing his extensive experience from Digital Gaming Corporation. CEO Ben Clemes expressed confidence in Felman’s expertise to guide High Roller through its next growth phase. Additionally, the company added 750 new games and 30,000 new active depositing customers in the first quarter. High Roller Technologies is optimistic about future prospects, particularly in expanding its presence in regulated markets.
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