Grabagun Digital (NYSE:PEW) CFO Justin Hilty Sells 16,384 Shares

Grabagun Digital Holdings Inc. (NYSE:PEW) CFO Justin Hilty sold 16,384 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $2.25, for a total value of $36,864.00. Following the completion of the transaction, the chief financial officer owned 74,517 shares in the company, valued at $167,663.25. The trade was a 18.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Grabagun Digital Trading Up 1.3%

Shares of PEW opened at $2.30 on Friday. Grabagun Digital Holdings Inc. has a 52-week low of $2.22 and a 52-week high of $6.76. The company has a quick ratio of 8.61, a current ratio of 9.42 and a debt-to-equity ratio of 0.07. The firm’s fifty day moving average is $2.53 and its two-hundred day moving average is $2.72. The stock has a market cap of $67.87 million, a PE ratio of -10.00 and a beta of -0.08.

Grabagun Digital (NYSE:PEW) last issued its earnings results on Thursday, August 13th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. The business had revenue of $23.22 million during the quarter. Grabagun Digital had a negative net margin of 6.42% and a negative return on equity of 6.15%. Research analysts forecast that Grabagun Digital Holdings Inc. will post -0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Quadrature Capital Ltd purchased a new position in shares of Grabagun Digital during the 4th quarter worth $279,000. Bridgeway Capital Management LLC purchased a new position in shares of Grabagun Digital in the fourth quarter valued at approximately $150,000. Renaissance Technologies LLC purchased a new position in shares of Grabagun Digital in the first quarter valued at approximately $135,000. XTX Topco Ltd grew its holdings in shares of Grabagun Digital by 195.7% in the fourth quarter. XTX Topco Ltd now owns 62,461 shares of the company’s stock valued at $188,000 after purchasing an additional 41,335 shares in the last quarter. Finally, United Asset Strategies Inc. acquired a new position in shares of Grabagun Digital in the first quarter valued at approximately $47,000. 4.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PEW shares. Weiss Ratings reissued a “sell (d)” rating on shares of Grabagun Digital in a research note on Thursday, June 11th. Roth Capital cut their price target on Grabagun Digital from $6.75 to $5.00 and set a “buy” rating for the company in a report on Monday, August 24th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $5.00.

Grabagun Digital Company Profile

GrabAGun.com is an online retailer of firearms, ammunition and related accessories. GrabAGun.com, formerly known as Colombier Acquisition Corp. II, is based in COPPELL, Texas.