Corsair Gaming, Inc. (NASDAQ: CRSR) CFO Sells $ 247,350.00 In Stock
Corsair Gaming, Inc. (NASDAQ: CRSR) CFO Michael G. Potter sold 7,500 shares in a trade that took place on Thursday, July 1. The stock was sold for an average price of $ 32.98, for a total value of $ 247,350.00. The transaction was disclosed in a file with the SEC, which can be accessed via this hyperlink.
Michael G. Potter also recently completed the following transactions:
- On Tuesday, June 1, Michael G. Potter sold 7,500 shares of Corsair Gaming. The stock was sold for an average price of $ 31.85, for a total value of $ 238,875.00.
CRSR traded down $ 0.04 at midday Tuesday, reaching $ 32.03. The stock had a trading volume of 1,628,945 shares, compared to its average volume of 2,917,407. The company has a leverage ratio of 0.60, a quick ratio of 0.96 and a current ratio of 1.43. The stock has a fifty-day moving average price of $ 32.59. Corsair Gaming, Inc. has a 52 week low of $ 14.09 and a 52 week high of $ 51.37.
Corsair Gaming (NASDAQ: CRSR) last reported its quarterly results on Tuesday, May 4. The company reported EPS of $ 0.58 for the quarter, beating the Zacks consensus estimate by $ 0.33 by $ 0.25. The company posted revenue of $ 529.40 million in the quarter, compared to a consensus estimate of $ 453.27 million. The company’s quarterly revenue increased 201.0% year-over-year. In the same quarter of the previous year, the company posted earnings per share of $ 0.13. As a group, research analysts predict that Corsair Gaming, Inc. will post 1.74 EPS for the current year.
A number of equity research analysts recently commented on the company. Barclays lowered its price target on Corsair Gaming from $ 51.00 to $ 47.00 and set an “overweight” rating on the stock in a research report published on Wednesday May 5th. Zacks investment research downgraded Corsair Gaming from a “hold” rating to a “buy” rating and set a price target of $ 37.00 on the stock in a research report on Monday, May 3. Two analysts rated the stock with a conservation rating and eight gave the stock a buy rating. The company has a consensus rating of “Buy” and an average price target of $ 43.90.
Several hedge funds have recently bought and sold shares in the company. BlackRock Inc. increased its stake in Corsair Gaming shares by 9.8% in the 1st quarter. BlackRock Inc. now owns 2,698,189 shares of the company valued at $ 89,822,000 after purchasing an additional 241,086 shares during the period. Geode Capital Management LLC increased its stake in Corsair Gaming shares by 41.7% in the 1st quarter. Geode Capital Management LLC now owns 414,230 shares of the company valued at $ 13,789,000 after purchasing an additional 121,852 shares during the period. Northern Trust Corp increased its stake in Corsair Gaming shares by 33.7% in the 1st quarter. Northern Trust Corp now owns 250,866 shares of the company valued at $ 8,351,000 after purchasing an additional 63,295 shares during the period. Exchange Traded Concepts LLC increased its stake in Corsair Gaming shares by 61.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 166,185 shares of the company valued at $ 5,532,000 after purchasing an additional 62,977 shares during the period. Finally, Morgan Stanley increased its stake in Corsair Gaming shares by 20,200.9% in the 4th quarter. Morgan Stanley now owns 164,437 shares of the company valued at $ 5,956,000 after purchasing an additional 163,627 shares during the period. 10.39% of the shares are currently held by institutional investors.
About Corsair Gaming
Corsair Gaming, Inc, along with its subsidiaries, designs, markets and distributes gaming and streaming peripherals, components, and systems in the Americas, Europe, the Middle East and Asia-Pacific. The company offers peripherals for gamers and creators, including keyboards, mice, headsets and game controllers, as well as capture cards, broadcast decks, USB microphones, studio accessories and software. EpocCam.
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