Kartoon Studios COO Michael Jaffa buys $5,740 in stock

Published 29/05/2025, 19:56
Kartoon Studios COO Michael Jaffa buys $5,740 in stock

In a recent transaction, Michael Jaffa, the Chief Operating Officer, General Counsel, and Secretary of Kartoon Studios, Inc. (NASDAQ:TOON), purchased 7,000 shares of the company’s common stock. The micro-cap entertainment company, currently valued at approximately $40 million, has shown strong momentum with a 41% gain year-to-date according to InvestingPro data. The shares were acquired at a price of $0.82 each, amounting to a total transaction value of $5,740. Following this acquisition, Jaffa now holds a total of 57,001 shares directly. This filing was an amendment to correct the total number of shares owned after the transaction, as initially reported on May 29, 2025. While the company currently trades below its Fair Value based on InvestingPro analysis, investors should note that TOON operates with moderate debt levels and faces cash flow challenges. For comprehensive insider trading patterns and 8 additional key insights, explore InvestingPro’s detailed analysis.

In other recent news, Kartoon Studios announced the resignation of Dr. Stefan Piëch from its Board of Directors, effective March 5, 2025. The resignation was disclosed in a filing with the Securities and Exchange Commission, with Dr. Piëch citing personal reasons for his departure. The company clarified that his resignation was not due to any disagreements with its operations, policies, or practices. This development comes without any reported turmoil or strategic shifts within the company that are publicly known. The company’s filing did not indicate any immediate plans for a replacement or changes to the Board’s composition. As a result, Kartoon Studios is expected to seek to fill the vacancy in due course. Investors and stakeholders will be observing closely to see how this change might affect the company’s direction or if it signals any upcoming shifts in strategy.

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