Corsair Gaming, Inc. (NASDAQ:CRSR) CFO Michael G. Potter Sells 4,124 Shares

Corsair Gaming, Inc. (NASDAQ:CRSR) CFO Michael G. Potter sold 4,124 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $10.08, for a total transaction of $41,569.92. Following the sale, the chief financial officer now directly owns 125,650 shares in the company, valued at approximately $1,266,552. The trade was a 3.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Corsair Gaming Price Performance

Shares of NASDAQ CRSR opened at $10.07 on Friday. The firm has a 50-day simple moving average of $10.21 and a 200-day simple moving average of $8.01. The company has a quick ratio of 0.92, a current ratio of 1.57 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -10.60 and a beta of 1.60. Corsair Gaming, Inc. has a 52 week low of $5.60 and a 52 week high of $13.02.

Corsair Gaming (NASDAQ:CRSR) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. Corsair Gaming had a negative return on equity of 4.62% and a negative net margin of 7.53%. On average, equities analysts predict that Corsair Gaming, Inc. will post 0.22 earnings per share for the current fiscal year.

Institutional Trading of Corsair Gaming

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC acquired a new stake in Corsair Gaming in the 4th quarter valued at approximately $91,000. PharVision Advisers LLC purchased a new position in shares of Corsair Gaming during the fourth quarter worth $128,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Corsair Gaming by 18.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 55,263 shares of the company’s stock valued at $365,000 after buying an additional 8,545 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of Corsair Gaming by 324.6% in the 4th quarter. Squarepoint Ops LLC now owns 63,222 shares of the company’s stock valued at $418,000 after buying an additional 48,332 shares during the period. Finally, Two Sigma Advisers LP acquired a new position in Corsair Gaming during the 4th quarter worth about $202,000. 25.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CRSR has been the subject of a number of recent analyst reports. Wedbush restated an “outperform” rating and issued a $12.00 price objective (up from $10.00) on shares of Corsair Gaming in a research report on Wednesday, February 5th. Robert W. Baird boosted their price target on shares of Corsair Gaming from $8.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Finally, Barclays increased their price objective on shares of Corsair Gaming from $9.00 to $12.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.14.

About Corsair Gaming

Corsair Gaming, Inc, together with its subsidiaries, designs, develops, markets, and sells gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. It offers gamer and creator peripherals, including gaming keyboards, mice, headsets, controllers, and streaming products, such as capture cards, stream decks, microphones and audio interfaces, facecam streaming cameras, studio accessories, gaming furniture, and other related products.