Grabagun Digital (NYSE:PEW) CFO Sells 16,384 Shares of Stock

Grabagun Digital Holdings Inc. (NYSE:PEW) CFO Justin Hilty sold 16,384 shares of Grabagun Digital stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $2.25, for a total transaction of $36,864.00. Following the transaction, the chief financial officer directly owned 74,517 shares in the company, valued at approximately $167,663.25. This trade represents a 18.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Grabagun Digital Trading Up 1.3%

PEW traded up $0.03 during trading on Thursday, hitting $2.30. 112,485 shares of the company’s stock were exchanged, compared to its average volume of 540,839. Grabagun Digital Holdings Inc. has a 1 year low of $2.22 and a 1 year high of $6.76. The stock has a 50 day moving average price of $2.53 and a 200 day moving average price of $2.72. The firm has a market cap of $67.87 million, a P/E ratio of -10.00 and a beta of -0.08. The company has a current ratio of 9.42, a quick ratio of 8.61 and a debt-to-equity ratio of 0.07.

Grabagun Digital (NYSE:PEW) last issued its earnings results on Thursday, August 13th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. The business had revenue of $23.22 million for the quarter. Grabagun Digital had a negative net margin of 6.42% and a negative return on equity of 6.15%. As a group, analysts expect that Grabagun Digital Holdings Inc. will post -0.22 EPS for the current fiscal year.

Institutional Trading of Grabagun Digital

Several large investors have recently modified their holdings of PEW. Renaissance Technologies LLC purchased a new stake in shares of Grabagun Digital during the first quarter worth about $135,000. United Asset Strategies Inc. purchased a new position in Grabagun Digital in the first quarter valued at about $47,000. Caitong International Asset Management Co. Ltd purchased a new position in Grabagun Digital in the fourth quarter valued at about $43,000. XTX Topco Ltd grew its stake in Grabagun Digital by 195.7% during the 4th quarter. XTX Topco Ltd now owns 62,461 shares of the company’s stock valued at $188,000 after purchasing an additional 41,335 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Grabagun Digital during the 4th quarter valued at approximately $279,000. 4.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Roth Capital decreased their target price on Grabagun Digital from $6.75 to $5.00 and set a “buy” rating for the company in a research report on Monday, August 24th. Weiss Ratings restated a “sell (d)” rating on shares of Grabagun Digital in a report on Thursday, June 11th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $5.00.

Grabagun Digital Company Profile

GrabAGun.com is an online retailer of firearms, ammunition and related accessories. GrabAGun.com, formerly known as Colombier Acquisition Corp. II, is based in COPPELL, Texas.