Skillz Inc. (NYSE:SKLZ) Insider Sells $10,828.14 in Stock

Skillz Inc. (NYSE:SKLZ) insider Salvatore Jr. Lento sold 2,157 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $5.02, for a total value of $10,828.14. Following the transaction, the insider now owns 6,855 shares in the company, valued at approximately $34,412.10. This trade represents a 23.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Skillz Price Performance

NYSE:SKLZ traded up $0.21 during trading hours on Tuesday, reaching $5.23. 138,785 shares of the company were exchanged, compared to its average volume of 116,205. The company has a market capitalization of $91.16 million, a P/E ratio of -2.32 and a beta of 2.75. Skillz Inc. has a 1-year low of $4.72 and a 1-year high of $7.48. The company has a debt-to-equity ratio of 0.63, a current ratio of 5.80 and a quick ratio of 5.80. The business has a 50 day moving average of $5.55 and a 200 day moving average of $6.13.

Wall Street Analyst Weigh In

Separately, Wedbush reissued an “outperform” rating and set a $15.00 price target on shares of Skillz in a research report on Friday, August 2nd.

Institutional Investors Weigh In On Skillz

A number of large investors have recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. grew its position in Skillz by 58.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 83,939 shares of the company’s stock worth $472,000 after buying an additional 30,903 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in shares of Skillz by 36.5% in the 3rd quarter. GSA Capital Partners LLP now owns 160,801 shares of the company’s stock valued at $904,000 after purchasing an additional 42,998 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Skillz by 0.8% in the 2nd quarter. Renaissance Technologies LLC now owns 392,225 shares of the company’s stock valued at $2,816,000 after purchasing an additional 3,200 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Skillz in the 2nd quarter valued at $88,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Skillz by 16.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,592 shares of the company’s stock valued at $225,000 after purchasing an additional 4,800 shares in the last quarter. Institutional investors and hedge funds own 19.42% of the company’s stock.

Skillz Company Profile

Skillz Inc operates a mobile game platform in the United States and internationally. The company primarily develops and supports a proprietary online-hosted technology platform that enables independent game developers to host tournaments and provide competitive gaming activity to end-users. The company distributes games through direct app download from its website, as well as through third-party platforms.