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

Posted by Jared Coughlin on Mar 29th, 2025

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

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

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

Golden Matrix Group Stock Down 2.9 %

Shares of NASDAQ:GMGI opened at $2.04 on Friday. Golden Matrix Group, Inc. has a 52-week low of $1.70 and a 52-week high of $6.27. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 0.18. The company has a 50-day simple moving average of $2.00 and a 200 day simple moving average of $2.19.

Analyst Ratings Changes

Separately, Maxim Group initiated coverage on shares of Golden Matrix Group in a report on Friday, February 21st. They set a “buy” rating and a $4.00 target price on the stock.

View Our Latest Stock Analysis on Golden Matrix Group

Institutional Trading of Golden Matrix Group

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in Golden Matrix Group in the 4th quarter valued at $28,000. Kera Capital Partners Inc. bought a new position in shares of Golden Matrix Group in the fourth quarter valued at about $40,000. Virtu Financial LLC lifted its stake in shares of Golden Matrix Group by 56.0% during the 3rd quarter. Virtu Financial LLC now owns 23,431 shares of the company’s stock worth $55,000 after buying an additional 8,408 shares during the last quarter. Barclays PLC boosted its holdings in shares of Golden Matrix Group by 332.6% during the 3rd quarter. Barclays PLC now owns 29,160 shares of the company’s stock worth $67,000 after buying an additional 22,420 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Golden Matrix Group by 24.7% in the 4th quarter. Bank of New York Mellon Corp now owns 40,632 shares of the company’s stock valued at $80,000 after buying an additional 8,061 shares during the last quarter. 2.74% of the stock is owned by institutional investors and hedge funds.

Golden Matrix Group Company Profile

(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.