Golden Matrix Group, Inc. (NASDAQ:GMGI) Insider Aleksandar Milovanovic Acquires 140,000 Shares

Posted by Jeff Wilder on Mar 27th, 2025

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

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

On Thursday, February 20th, Aleksandar Milovanovic purchased 2,000 shares of Golden Matrix Group stock. The shares were acquired at an average price of $2.17 per share, for a total transaction of $4,340.00.
On Thursday, February 27th, Aleksandar Milovanovic acquired 4,212 shares of Golden Matrix Group stock. The stock was bought at an average price of $1.97 per share, with a total value of $8,297.64.
On Tuesday, February 25th, Aleksandar Milovanovic purchased 5,000 shares of Golden Matrix Group stock. The stock was bought at an average price of $2.04 per share, with a total value of $10,200.00.
On Friday, March 14th, Aleksandar Milovanovic bought 50,000 shares of Golden Matrix Group stock. The stock was purchased at an average price of $2.17 per share, with a total value of $108,500.00.
On Friday, March 7th, Aleksandar Milovanovic purchased 50,000 shares of Golden Matrix Group stock. The shares were purchased at an average cost of $2.16 per share, for a total transaction of $108,000.00.
On Tuesday, March 4th, Aleksandar Milovanovic acquired 2,514 shares of Golden Matrix Group stock. The shares were purchased at an average price 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 stock was acquired at an average cost of $1.86 per share, with a total value of $186,000.00.
On Friday, February 14th, Aleksandar Milovanovic acquired 100,000 shares of Golden Matrix Group stock. The shares were acquired at an average price 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 bought at an average price of $1.85 per share, with a total value of $37,000.00.
On Monday, February 3rd, Aleksandar Milovanovic bought 50,000 shares of Golden Matrix Group stock. The stock was bought at an average price of $1.80 per share, for a total transaction of $90,000.00.

Golden Matrix Group Stock Up 6.4 %

Shares of GMGI stock opened at $2.15 on Thursday. Golden Matrix Group, Inc. has a 52-week low of $1.70 and a 52-week high of $6.27. The company has a 50-day simple moving average of $2.00 and a two-hundred day simple moving average of $2.20. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 0.18.

Institutional Trading of Golden Matrix Group

Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC increased its position in shares of Golden Matrix Group by 14.4% during the 4th quarter. Geode Capital Management LLC now owns 623,498 shares of the company’s stock valued at $1,235,000 after purchasing an additional 78,427 shares during the last quarter. Northern Trust Corp increased its holdings in Golden Matrix Group by 6.7% during 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 during the last quarter. Rhumbline Advisers raised its position in Golden Matrix Group by 390.5% in the fourth quarter. Rhumbline Advisers now owns 106,449 shares of the company’s stock worth $211,000 after acquiring an additional 84,749 shares during the period. JPMorgan Chase & Co. boosted its stake in Golden Matrix Group by 460.5% in 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 during the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of Golden Matrix Group during the 4th quarter valued at approximately $84,000. 2.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

View Our Latest Stock Report 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.