Golden Matrix Group, Inc. (NASDAQ:GMGI) Insider Buys $10,200.00 in Stock

Posted by Lindsey Winhoffer on Mar 29th, 2025

Golden Matrix Group, Inc. (NASDAQ:GMGI – Get Free Report) insider Aleksandar Milovanovic acquired 5,000 shares of Golden Matrix Group stock in a transaction on Tuesday, February 25th. The stock was purchased at an average cost of $2.04 per share, with a total value of $10,200.00. Following the completion of the transaction, the insider now directly owns 79,177,938 shares in the company, valued at $161,522,993.52. This represents a 0.01 % increase in their position. The transaction was disclosed in a document filed 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 stock was acquired at an average cost of $2.17 per share, with a total value of $4,340.00.
On Thursday, February 27th, Aleksandar Milovanovic bought 4,212 shares of Golden Matrix Group stock. The shares were acquired at an average price of $1.97 per share, for a total transaction of $8,297.64.
On Friday, March 21st, Aleksandar Milovanovic purchased 140,000 shares of Golden Matrix Group stock. The shares were bought at an average price of $1.96 per share, with a total value of $274,400.00.
On Friday, March 14th, Aleksandar Milovanovic acquired 50,000 shares of Golden Matrix Group stock. The stock was bought at an average cost of $2.17 per share, for a total transaction of $108,500.00.
On Friday, March 7th, Aleksandar Milovanovic bought 50,000 shares of Golden Matrix Group stock. The shares were bought at an average cost of $2.16 per share, with a total value of $108,000.00.
On Tuesday, March 4th, Aleksandar Milovanovic purchased 2,514 shares of Golden Matrix Group stock. The stock was bought at an average cost of $1.97 per share, for a total transaction of $4,952.58.
On Tuesday, February 18th, Aleksandar Milovanovic acquired 100,000 shares of Golden Matrix Group stock. The shares were purchased at an average cost of $1.86 per share, with a total value of $186,000.00.
On Friday, February 14th, Aleksandar Milovanovic bought 100,000 shares of Golden Matrix Group stock. The stock was purchased at an average cost 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 purchased at an average cost of $1.85 per share, for a total transaction of $37,000.00.
On Monday, February 3rd, Aleksandar Milovanovic acquired 50,000 shares of Golden Matrix Group stock. The stock was purchased at an average cost of $1.80 per share, with a total value of $90,000.00.

Golden Matrix Group Stock Down 2.9 %

Golden Matrix Group stock opened at $2.04 on Friday. The firm has a 50 day simple moving average of $2.00 and a 200 day simple moving average of $2.19. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 0.18. Golden Matrix Group, Inc. has a 1-year low of $1.70 and a 1-year high of $6.27.

Hedge Funds Weigh In On Golden Matrix Group

Hedge funds have recently made changes to their positions in the stock. Squarepoint Ops LLC bought a new position in Golden Matrix Group in the 4th quarter worth about $84,000. Northern Trust Corp lifted its holdings in shares of Golden Matrix Group by 6.7% in the fourth quarter. Northern Trust Corp now owns 169,308 shares of the company’s stock worth $335,000 after buying an additional 10,690 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Golden Matrix Group by 14.4% in the fourth quarter. Geode Capital Management LLC now owns 623,498 shares of the company’s stock valued at $1,235,000 after acquiring an additional 78,427 shares during the period. JPMorgan Chase & Co. grew its stake 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 acquiring an additional 41,752 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Golden Matrix Group by 24.7% during the 4th quarter. Bank of New York Mellon Corp now owns 40,632 shares of the company’s stock worth $80,000 after acquiring an additional 8,061 shares during the period. 2.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Get Our Latest Stock Analysis on Golden Matrix Group

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.