Stuart Canfield, Executive Vice President and Chief Financial Officer Electronic Arts Company . (NASDAQ:), recently executed a sale of 1,000 shares of the company's common stock. The transaction, which occurred on December 26, 2024, was priced at $148.18 per share, for a total of $148,180. The sale occurred close to EA's current trading price of $146.54, with the stock showing relatively low volatility according to InvestingPro Analysis of the company with a market capitalization of $38.47 billion. This sale was made pursuant to a pre-established 10b5-1 trading plan, which Canfield established on August 26, 2024. Following the transaction, Canfield retains ownership of 8,750 shares in the company. InvestingPro The analysis reveals that EA maintains strong financial health with more cash than debt and excellent liquidity metrics. Subscribers get access to 12 additional ProTips and a comprehensive research report, part of the platform's coverage of over 1,400 US stocks.
In other recent news, Electronic Arts (EA) announced a record second quarter of fiscal 2025, with net bookings reaching $2.08 billion, reflecting a 14% increase from the previous year. This increase in bookings was primarily driven by the success of EA's sports franchises, including EA SPORTS College Football 25. Following these strong results, EA raised its full-year guidance. Stifel, a financial services company, downgraded EA stock from buy to hold, despite maintaining a positive long-term outlook for the company. This rating change comes after a re-evaluation of Stifel's game model and EA's net bookings estimates. Meanwhile, Citi maintained a Neutral rating on EA stock but increased its price target from $162.00 to $163.00 following the company's strong second-quarter results. EA is also focusing on strategic initiatives such as strengthening online communities and leveraging generative artificial intelligence, including plans to expand The Sims as a platform and collaborate with Amazon (NASDAQ:) MGM Studios to adapt the film.
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