In a recent transaction, Srinivasan LaVerne Evans, a director at Take-Two Interactive (NASDAQ:TTWO) Software (ETR:SOWGn) Inc. (NASDAQ:TTWO), sold 2,000 shares of the company’s common stock. The shares were sold at a price of $179.17 each, amounting to a total transaction value of $358,340. Following this sale, Evans holds 9,692 shares of the company. The transaction was executed on November 8, 2024, and was disclosed in a Form 4 filing with the Securities and Exchange Commission.
In other recent news, Take-Two Interactive Software, Inc. announced its financial results for the second quarter of the fiscal year 2025. The earnings call, led by the company's leadership team including CEO Strauss Zelnick, President Karl Slatoff, and CFO Lainie Goldstein, provided insights into the company's financial health and future outlook. During the call, forward-looking statements indicated plans and expectations for the company's future operations. The discussion suggested a positive outlook, with details on the company's financial health and future plans. However, specific financial misses or shortfalls compared to expectations were not detailed during the call. The call also included a Q&A session, providing an opportunity for analysts and investors to delve deeper into the company's financial details and strategic direction. These are the recent developments concerning Take-Two Interactive.
InvestingPro Insights
As Take-Two Interactive Software Inc. (NASDAQ:TTWO) director Srinivasan LaVerne Evans reduces his stake, investors might be curious about the company's current market position. According to InvestingPro data, Take-Two boasts a substantial market capitalization of $31.65 billion, reflecting its significant presence in the gaming industry.
The company's stock has shown impressive momentum, with InvestingPro Tips highlighting a strong return over the last month and a significant 10.07% return in just the past week. This recent performance has pushed the stock to trade near its 52-week high, with the price sitting at 99.96% of that peak.
Despite the positive stock performance, InvestingPro Tips reveal that 14 analysts have revised their earnings downwards for the upcoming period. This caution is underscored by the fact that Take-Two was not profitable over the last twelve months, with a negative operating income margin of -5.01%. However, analysts predict the company will return to profitability this year, which could explain the market's optimistic valuation.
For investors seeking a deeper understanding of Take-Two's financial health and market position, InvestingPro offers 15 additional tips, providing a comprehensive analysis to inform investment decisions.
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