SoFi CEO enters prepaid forward contract on 1.5 million shares
Davis Gray, a director at Kartoon Studios, Inc. (NASDAQ:TOON), recently acquired 6,200 shares of the company’s common stock, according to a recent SEC filing. The shares were purchased on June 13, 2025, at a price of $0.8049 per share, totaling approximately $4,990. The purchase comes as the stock shows strong momentum, with a nearly 40% gain over the past six months according to InvestingPro data. This acquisition brings Gray’s total ownership to 64,598 shares, reflecting his continued investment in the entertainment company based in Beverly Hills, California. While the $38 million market cap company faces profitability challenges, InvestingPro analysis suggests the stock is currently undervalued. InvestingPro subscribers have access to 10 additional key insights about TOON, including detailed insider trading patterns and Fair Value estimates.
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