Golden Matrix Group, Inc. (NASDAQ:GMGI) Insider Acquires $274,400.00 in Stock

Posted by Shane Hupp on Mar 27th, 2025

Golden Matrix Group, Inc. (NASDAQ:GMGI – Get Free Report) insider Aleksandar Milovanovic purchased 140,000 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were acquired at an average price of $1.96 per share, for a total transaction of $274,400.00. Following the completion of the purchase, the insider now directly owns 79,460,291 shares in the company, valued at $155,742,170.36. This represents a 0.18 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Aleksandar Milovanovic also recently made the following trade(s):

On Thursday, February 20th, Aleksandar Milovanovic purchased 2,000 shares of Golden Matrix Group stock. The stock was bought at an average cost of $2.17 per share, with a total value of $4,340.00.
On Thursday, February 27th, Aleksandar Milovanovic acquired 4,212 shares of Golden Matrix Group stock. The shares were bought at an average price of $1.97 per share, for a total transaction of $8,297.64.
On Tuesday, February 25th, Aleksandar Milovanovic bought 5,000 shares of Golden Matrix Group stock. The shares were bought at an average cost of $2.04 per share, with a total value of $10,200.00.
On Friday, March 14th, Aleksandar Milovanovic acquired 50,000 shares of Golden Matrix Group stock. The stock was purchased at an average price of $2.17 per share, with a total value of $108,500.00.
On Friday, March 7th, Aleksandar Milovanovic bought 50,000 shares of Golden Matrix Group stock. The shares were purchased at an average cost of $2.16 per share, for a total transaction of $108,000.00.
On Tuesday, March 4th, Aleksandar Milovanovic purchased 2,514 shares of Golden Matrix Group stock. The shares were purchased at an average price of $1.97 per share, with a total value of $4,952.58.
On Tuesday, February 18th, Aleksandar Milovanovic acquired 100,000 shares of Golden Matrix Group stock. The stock was acquired at an average price of $1.86 per share, for a total transaction of $186,000.00.
On Friday, February 14th, Aleksandar Milovanovic bought 100,000 shares of Golden Matrix Group stock. The shares were acquired at an average price of $1.85 per share, with a total value of $185,000.00.
On Wednesday, February 5th, Aleksandar Milovanovic purchased 20,000 shares of Golden Matrix Group stock. The shares were acquired at an average price of $1.85 per share, with a total value of $37,000.00.
On Monday, February 3rd, Aleksandar Milovanovic acquired 50,000 shares of Golden Matrix Group stock. The stock was bought at an average price of $1.80 per share, for a total transaction of $90,000.00.

Golden Matrix Group Stock Performance

GMGI opened at $2.15 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.82 and a quick ratio of 0.75. The business’s fifty day simple moving average is $2.00 and its 200 day simple moving average is $2.20. Golden Matrix Group, Inc. has a 52 week low of $1.70 and a 52 week high of $6.27.

Analyst Ratings Changes

Separately, Maxim Group started coverage on shares of Golden Matrix Group in a research note on Friday, February 21st. They issued a “buy” rating and a $4.00 price target for the company.

Get Our Latest Stock Report on Golden Matrix Group

Institutional Trading of Golden Matrix Group

A number of hedge funds have recently bought and sold shares of the company. Rhumbline Advisers raised its stake in shares of Golden Matrix Group by 390.5% during the fourth quarter. Rhumbline Advisers now owns 106,449 shares of the company’s stock worth $211,000 after acquiring an additional 84,749 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Golden Matrix Group by 14.4% during the 4th quarter. Geode Capital Management LLC now owns 623,498 shares of the company’s stock valued at $1,235,000 after purchasing an additional 78,427 shares during the last quarter. Squarepoint Ops LLC purchased a new position in Golden Matrix Group in the 4th quarter worth $84,000. JPMorgan Chase & Co. boosted its position in Golden Matrix Group by 460.5% during the fourth quarter. JPMorgan Chase & Co. now owns 50,819 shares of the company’s stock valued at $101,000 after buying an additional 41,752 shares during the period. Finally, Barclays PLC grew its stake in shares of Golden Matrix Group by 332.6% during the third quarter. Barclays PLC now owns 29,160 shares of the company’s stock valued at $67,000 after buying an additional 22,420 shares during the last quarter. Institutional investors own 2.74% of the company’s stock.

About Golden Matrix Group

(Get Free Report)

Golden Matrix Group, Inc provides enterprise software-as-a-service solutions for online casino and sports betting operators. The company develops and owns online gaming intellectual property; and builds gaming platforms for customers located primarily in the Asia Pacific region. Its platform facilitates gaming customers in operating online casinos, sportsbooks, lottery, and live games; and provides customers with access to a portfolio of licensed gaming content, which are provided by gaming content providers.