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Golden Matrix Group Director Goodman Sells 50,000 Shares at $1.71/Share.
ByAinvest
Wednesday, Jul 9, 2025 4:21 pm ET1min read
Golden Matrix Group, Inc. (GMGI) has announced that its Director, 10% Owner, and Chief Executive Officer, Anthony Brian Goodman, has recently sold 50,000 shares at a price of $1.71 per share on July 7, 2025.
Golden Matrix Group, Inc. (GMGI), a leading provider of online gaming technology and services, has reported that its Director, 10% Owner, and Chief Executive Officer, Anthony Brian Goodman, has recently sold 50,000 shares of the company. The transaction, which occurred on July 7, 2025, saw Goodman sell the shares at an average price of $1.71 per share [1].Following the sale, Goodman now owns 8,854,079 shares of GMGI, down from 8,904,079 shares before the transaction. The sale represents a 0.56% decrease in his position [2]. The stock was trading at $1.75 each as of the date of the transaction, giving the company a market capitalization of $245.677 million [1].
The sale comes amidst a period of significant insider activity within the company. Over the past year, there have been 25 insider buys and 6 insider sells, including Goodman's recent sale [1]. The stock's GF Value, an intrinsic value estimate developed by GuruFocus, is 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 also shown interest in GMGI. Nuveen LLC, Bank of New York Mellon Corp, Squarepoint Ops LLC, JPMorgan Chase & Co., and Rhumbline Advisers have all increased 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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