Golden Matrix Group, Inc. (NASDAQ:GMGI) Insider Aleksandar Milovanovic Buys 140,000 Shares

Posted by Bonnie Powley on Mar 26th, 2025

Golden Matrix Group, Inc. (NASDAQ:GMGI – Get Free Report) insider Aleksandar Milovanovic acquired 140,000 shares of Golden Matrix Group stock in a transaction on Friday, March 21st. The stock was acquired at an average price of $1.96 per share, with a total value of $274,400.00. Following the purchase, the insider now directly owns 79,460,291 shares in the company, valued at approximately $155,742,170.36. This trade represents a 0.18 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Aleksandar Milovanovic also recently made the following trade(s):

On Thursday, February 20th, Aleksandar Milovanovic purchased 2,000 shares of Golden Matrix Group stock. The stock was bought at an average cost of $2.17 per share, for a total transaction of $4,340.00.
On Thursday, February 27th, Aleksandar Milovanovic acquired 4,212 shares of Golden Matrix Group stock. The stock was bought at an average cost of $1.97 per share, for a total transaction of $8,297.64.
On Tuesday, February 25th, Aleksandar Milovanovic bought 5,000 shares of Golden Matrix Group stock. The shares were bought at an average cost of $2.04 per share, with a total value of $10,200.00.
On Friday, March 14th, Aleksandar Milovanovic purchased 50,000 shares of Golden Matrix Group stock. The stock was bought at an average cost of $2.17 per share, for a total transaction of $108,500.00.
On Friday, March 7th, Aleksandar Milovanovic bought 50,000 shares of Golden Matrix Group stock. The stock was purchased at an average cost of $2.16 per share, with a total value of $108,000.00.
On Tuesday, March 4th, Aleksandar Milovanovic purchased 2,514 shares of Golden Matrix Group stock. The shares were purchased at an average cost of $1.97 per share, for a total transaction of $4,952.58.
On Tuesday, February 18th, Aleksandar Milovanovic acquired 100,000 shares of Golden Matrix Group stock. The stock was purchased at an average cost of $1.86 per share, with a total value of $186,000.00.
On Friday, February 14th, Aleksandar Milovanovic bought 100,000 shares of Golden Matrix Group stock. The shares were acquired at an average price of $1.85 per share, with a total value of $185,000.00.
On Wednesday, February 5th, Aleksandar Milovanovic bought 20,000 shares of Golden Matrix Group stock. The stock was acquired at an average price of $1.85 per share, with a total value of $37,000.00.
On Monday, February 3rd, Aleksandar Milovanovic purchased 50,000 shares of Golden Matrix Group stock. The shares were acquired at an average price of $1.80 per share, for a total transaction of $90,000.00.

Golden Matrix Group Stock Up 6.4 %

Shares of NASDAQ:GMGI traded up $0.13 during midday trading on Wednesday, reaching $2.15. 163,436 shares of the company traded hands, compared to its average volume of 143,408. The firm’s fifty day moving average price is $2.00 and its two-hundred day moving average price is $2.20. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.75 and a current ratio of 0.82. Golden Matrix Group, Inc. has a 12 month low of $1.70 and a 12 month high of $6.27.

Analysts Set New Price Targets

Separately, Maxim Group initiated coverage on shares of Golden Matrix Group in a research note on Friday, February 21st. They issued a “buy” rating and a $4.00 price objective for the company.

Read Our Latest Research Report on GMGI

Institutional Investors Weigh In On Golden Matrix Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its position in shares of Golden Matrix Group by 24.7% in the fourth quarter. Bank of New York Mellon Corp now owns 40,632 shares of the company’s stock valued at $80,000 after acquiring an additional 8,061 shares during the period. Virtu Financial LLC increased its holdings in Golden Matrix Group by 56.0% during the 3rd quarter. Virtu Financial LLC now owns 23,431 shares of the company’s stock worth $55,000 after acquiring an additional 8,408 shares during the period. Northern Trust Corp lifted its stake in Golden Matrix Group by 6.7% in the 4th quarter. Northern Trust Corp now owns 169,308 shares of the company’s stock worth $335,000 after purchasing an additional 10,690 shares in the last quarter. SG Americas Securities LLC bought a new position in Golden Matrix Group in the 4th quarter valued at $28,000. Finally, Kera Capital Partners Inc. purchased a new position in shares of Golden Matrix Group during the 4th quarter valued at $40,000. 2.74% of the stock is currently owned by institutional investors.

Golden Matrix Group Company Profile

(Get Free Report)

Golden Matrix Group, Inc provides enterprise software-as-a-service solutions for online casino and sports betting operators. The company develops and owns online gaming intellectual property; and builds gaming platforms for customers located primarily in the Asia Pacific region. Its platform facilitates gaming customers in operating online casinos, sportsbooks, lottery, and live games; and provides customers with access to a portfolio of licensed gaming content, which are provided by gaming content providers.