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Golden Matrix Group CEO Goodman Sells 50,000 Shares at $1.74/Share.
ByAinvest
Tuesday, Jul 15, 2025 7:21 pm ET1min read
Golden Matrix Group, Inc. (GMGI) has announced that its Director, 10% Owner, and Chief Executive Officer, Anthony Brian Goodman, has executed a sale of 50,000 shares at a price of $1.74 per share on July 14, 2025.
Golden Matrix Group, Inc. (GMGI) has announced that its Director, 10% Owner, and Chief Executive Officer, Anthony Brian Goodman, has sold 50,000 shares of the company's common stock on July 14, 2025. The sale occurred at an average price of $1.74 per share, according to the company's recent Form 4 filing [1].Prior to the sale, Goodman held a significant stake in the company, with a total of approximately 16.3 million shares, representing about 10% of the company's outstanding shares. Following the sale, Goodman's direct ownership of GMGI shares decreased to 8,804,079 shares, while he continues to hold 7,470,483 shares indirectly through Luxor Capital LLC, a wholly-owned subsidiary [1].
The sale represents approximately 0.31% of Goodman's total reported position, indicating that the transaction is relatively small in the context of his overall stake in the company. The sale was executed through open-market transactions and did not involve any derivative security activity [1].
The stock's GF Value, an intrinsic value estimate developed by GuruFocus, is currently estimated at $2.99, resulting in a price-to-GF-Value ratio of 0.59. This indicates that the stock is significantly undervalued based on its GF Value [1].
Institutional investors have shown increased interest in GMGI, with several major institutions, including Nuveen LLC, Bank of New York Mellon Corp, Squarepoint Ops LLC, JPMorgan Chase & Co., and Rhumbline Advisers, increasing their stakes in the company in recent quarters [2]. As of the date of the transaction, 2.74% of the stock is currently owned by institutional investors [2].
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 primarily located in the Asia Pacific region [2].
References:
[1] https://www.gurufocus.com/news/2958919/insider-sell-anthony-goodman-sells-50000-shares-of-golden-matrix-group-inc-gmgi
[2] https://www.marketbeat.com/instant-alerts/golden-matrix-group-inc-nasdaqgmgi-ceo-sells-8750000-in-stock-2025-07-02/
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