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NEW YORK—Lainie Goldstein, Chief Financial Officer of Take-Two Interactive Software (ETR:SOWGn) Inc. (NASDAQ:TTWO), recently executed a sale of company stock valued at approximately $175,117. The transaction comes as TTWO trades near its 52-week high of $218.75, having gained over 32% in the past six months. The sale, which took place on March 3, involved 829 shares at $211.24 per share.
This transaction was conducted under a Rule 10b5-1 plan, specifically a "sell to cover" election, which was made to satisfy tax withholding obligations related to the settlement of previously granted restricted stock units. Goldstein’s sale does not represent a discretionary trade, according to the filing.
Following this sale, Goldstein retains ownership of 310,163 shares, which includes a mix of common stock and unvested restricted stock units.
In other recent news, Take-Two Interactive has made headlines with its acquisition of Video Games Deluxe (NYSE:DLX), a Sydney-based development studio. This acquisition is expected to enhance Take-Two’s development capabilities and strengthen its presence in the Australian market. Analysts have also been active in evaluating Take-Two’s prospects, with DA Davidson initiating coverage with a Buy rating and a price target of $250, citing the company’s strong intellectual property and a busy release schedule for 2025. Similarly, TD Cowen has maintained a Buy rating with a $211 target, noting the company’s robust third-quarter bookings and the anticipated release of Grand Theft Auto VI as key factors.
Benchmark analysts have raised their price target for Take-Two to $225, up from $210, following strong third-quarter results driven by the success of NBA 2K25. The company has reaffirmed its fiscal 2025 guidance, with expectations for continued strong performance into fiscal 2026, supported by upcoming major releases such as Borderlands 4 and Grand Theft Auto 6. Despite some challenges in the mobile segment, analysts remain optimistic about Take-Two’s growth potential, highlighting the company’s strategic positioning and robust pipeline. Mizuho (NYSE:MFG)’s Jordan Klein has also emphasized Take-Two as a top non-AI stock pick, encouraging investors to consider the stock for its potential upside. These developments reflect a positive outlook for Take-Two Interactive, with analysts anticipating significant growth in the coming years.
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