Corsair Gaming, Inc. (NASDAQ:CRSR) EVP Bertrand Chevalier sold 100,000 shares of the firm’s stock in a transaction on Monday, June 14th. The stock was sold at an average price of $40.70, for a total value of $4,070,000.00. Following the sale, the executive vice president now directly owns 215,773 shares of the company’s stock, valued at approximately $8,781,961.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Bertrand Chevalier also recently made the following trade(s):
- On Tuesday, May 18th, Bertrand Chevalier sold 125,000 shares of Corsair Gaming stock. The shares were sold at an average price of $33.00, for a total value of $4,125,000.00.
Shares of NASDAQ:CRSR opened at $33.36 on Thursday. The stock has a market cap of $3.08 billion and a P/E ratio of 21.52. The firm has a 50 day moving average price of $32.77. Corsair Gaming, Inc. has a 52 week low of $14.09 and a 52 week high of $51.37. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 1.43.
Corsair Gaming (NASDAQ:CRSR) last issued its earnings results on Tuesday, May 4th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.25. The business had revenue of $529.40 million for the quarter, compared to analyst estimates of $453.27 million. Corsair Gaming’s revenue was up 201.0% on a year-over-year basis. During the same period last year, the business posted $0.13 EPS. As a group, research analysts expect that Corsair Gaming, Inc. will post 1.74 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of CRSR. Bridgewater Advisors Inc. acquired a new stake in Corsair Gaming during the 1st quarter worth approximately $1,110,000. Cim Investment Mangement Inc. acquired a new stake in shares of Corsair Gaming in the 1st quarter worth $290,000. Sovereign Financial Group Inc. boosted its holdings in shares of Corsair Gaming by 28.3% in the first quarter. Sovereign Financial Group Inc. now owns 7,825 shares of the company’s stock valued at $260,000 after acquiring an additional 1,725 shares in the last quarter. Amundi Asset Management US Inc. acquired a new position in shares of Corsair Gaming during the first quarter worth about $67,000. Finally, Man Group plc purchased a new position in Corsair Gaming during the first quarter worth about $645,000. Hedge funds and other institutional investors own 10.41% of the company’s stock.
Several brokerages recently issued reports on CRSR. Barclays reduced their price objective on shares of Corsair Gaming from $51.00 to $47.00 and set an “overweight” rating on the stock in a report on Wednesday, May 5th. Zacks Investment Research raised shares of Corsair Gaming from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Monday, May 3rd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Corsair Gaming currently has a consensus rating of “Buy” and an average target price of $43.90.
Corsair Gaming Company Profile
Corsair Gaming, Inc, together with its subsidiaries, designs, markets, and distributes gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. The company offers gamer and creator peripherals, including gaming keyboards, mice, headsets, and controllers, as well as capture cards, stream decks, USB microphones, studio accessories, and EpocCam software.
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