Stuart Canfield, Executive Vice President and Chief Financial Officer at Electronic Arts Inc . (NASDAQ:), recently sold 1,000 shares of the company’s common stock. The transaction, which took place on December 26, 2024, was carried out at a price of $148.18 per share, for a total of $148,180. The sale occurred near EA’s current trading price of $146.54, with the stock showing relatively low volatility against InvestingPro analysis of the company with a market capitalization of $38.47 billion. This sale was made pursuant to a predetermined 10b5-1 trading plan, which Canfield set up on August 26, 2024. Following the transaction, Canfield retains ownership of 8,750 shares in the company. InvestingPro analysis reveals that EA maintains strong financial health with more cash than debt and excellent liquidity ratios. Subscribers can access 12 additional ProTips and a comprehensive Pro Research Report, part of the platform’s coverage of 1,400+ US stocks.
In other recent news, Electronic Arts (EA) reported a record second quarter for fiscal year 2025, with net bookings reaching $2.08 billion, reflecting a 14% year-over-year increase. 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 increased its guidance for the full year. Financial services firm Stifel downgraded EA stock from Buy to Hold, despite maintaining a positive long-term outlook for the company. This rating change follows a reassessment of Stifel’s game model and estimates of net bookings for EA. Meanwhile, Citi maintained a Neutral rating on EA stock, but raised 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 improving online communities and leveraging generative artificial intelligence, including plans to expand The Sims as a platform and partnering with Amazon (NASDAQ: ) MGM Studios for a film adaptation.
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