Digital Arts CFO Stuart Canfield sells $148,180 price of inventory By Investing.com

Stuart Canfield, govt vp and chief monetary officer of Digital Arts Inc. . (NASDAQ:), lately accomplished a sale of 1,000 shares of the corporate’s widespread inventory. The transaction, which occurred on December 26, 2024, was accomplished at a value of $148.18 per share, for a complete of $148,180. The promoting occurred close to EA’s present value of $146.54, with the inventory exhibiting comparatively low volatility in accordance with InvestPro evaluation of the $38.47 billion market cap firm. This sale was accomplished pursuant to a pre-established 10b5-1 marketing strategy, carried out by Canfield on August 26, 2024. Because of the transaction, Canfield retains possession of 8,750 shares of the Firm. InvestPro The evaluation reveals that EA maintains sturdy monetary well being with more money than debt and glorious liquidity indicators. Subscribers can entry 12 extra ProTips and a complete Professional Analysis report, a part of the platform’s protection of greater than 1,400 U.S. shares.

Individually, Digital Arts (EA) reported a document second quarter for fiscal 2025, with web bookings reaching $2.08 billion, a rise of 14% from the earlier 12 months. This improve in bookings is principally because of the success of EA’s sports activities franchises, notably EA SPORTS School Soccer 25. Following these sturdy outcomes, EA has raised its forecast for the total 12 months. Stifel, a monetary providers firm, lowered its ranking on EA shares from Purchase to Maintain, regardless of sustaining a constructive long-term outlook for the corporate. This ranking change follows a reassessment of Stifel’s gaming mannequin and web bookings estimates for EA. In the meantime, Citi maintained a impartial ranking on EA shares, however raised the value goal from $162.00 to $163.00 following the corporate’s sturdy second-quarter outcomes. EA can be targeted on strategic initiatives resembling bettering on-line communities and leveraging generative AI, together with plans to broaden The Sims as a platform and collaborate with Amazon (NASDAQ: ) MGM Studios for a movie adaptation.

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