The sales were executed under a pre-arranged Rule 10b5-1 plan, designed to cover tax obligations related to previously awarded restricted stock units. This type of plan allows insiders to set up a trading schedule in advance, helping to avoid concerns over insider trading. InvestingPro subscribers have access to 14 additional exclusive insights about Take-Two's valuation and financial health, along with comprehensive Pro Research Reports that transform complex Wall Street data into actionable intelligence. InvestingPro subscribers have access to 14 additional exclusive insights about Take-Two's valuation and financial health, along with comprehensive Pro Research Reports that transform complex Wall Street data into actionable intelligence.
The sales were executed under a pre-arranged Rule 10b5-1 plan, designed to cover tax obligations related to previously awarded restricted stock units. This type of plan allows insiders to set up a trading schedule in advance, helping to avoid concerns over insider trading.
In other recent news, Take-Two Interactive (NASDAQ:TTWO) has been making headlines with its fiscal second-quarter earnings for the year 2025 and growth projections. TD Cowen has raised the price target on Take-Two's stock, citing the potential upside of the online mode in the upcoming Grand Theft Auto VI (GTA VI). Roth/MKM analysts have also increased the company's stock target, reflecting expectations of a significant increase in bookings and earnings per share starting in 2025.
Take-Two's strong pipeline of titles, including Borderlands 4 and Civilization VII, was mentioned as a key factor supporting these optimistic stances. The company's anticipated cash flow improvement is expected to facilitate debt reduction and position Take-Two for potential mergers and acquisitions.
The company's recent earnings call, led by CEO Strauss Zelnick, indicated plans and expectations for the company's future operations. While no specific financial misses or shortfalls were detailed, the discussion suggested a positive outlook. These are the recent developments from Take-Two Interactive.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.