Stuart Canfield, Govt Vice President and Chief Monetary Officer at Digital Arts Inc . (NASDAQ:), just lately executed a sale of 1,000 shares of the corporate’s widespread inventory. The transaction, which occurred on December 26, 2024, was carried out at a price of $148.18 per share, totaling $148,180. The sale occurred close to EA’s present buying and selling price of $146.54, with the inventory exhibiting comparatively low volatility in response to InvestingPro analysis of the $38.47 billion market cap firm. This sale was made below a pre-established 10b5-1 buying and selling plan, which Canfield set up on August 26, 2024. Following the transaction, Canfield retains possession of 8,750 shares within the firm. InvestingPro analysis reveals EA maintains robust monetary well being with extra cash than debt and glorious liquidity metrics. Subscribers can entry 12 extra ProTips and a complete Professional Analysis Report, a part of the platform’s protection of 1,400+ US shares.
In different current information, Digital Arts (EA) has reported a record-breaking second quarter for fiscal 12 months 2025, with web bookings reaching $2.08 billion, reflecting a 14% improve from the earlier 12 months. This surge in bookings was primarily pushed by the success of EA’s sports activities franchises, together with EA SPORTS School Soccer 25. Following these strong outcomes, EA raised its full-year steering. Stifel, a monetary companies firm, has downgraded EA’s inventory from Purchase to Maintain, regardless of sustaining a optimistic long-term outlook for the corporate. This alteration in ranking follows a reassessment of Stifel’s sport mannequin and web bookings estimates for EA. In the meantime, Citi has maintained a Impartial ranking on EA’s inventory however elevated the price goal from $162.00 to $163.00 following the corporate’s robust Q2 outcomes. EA can be specializing in strategic initiatives reminiscent of enhancing on-line communities and leveraging generative AI, together with plans to increase The Sims as a platform and collaborate with Amazon (NASDAQ:) MGM Studios for a movie adaptation.
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