Insider Selling: Skillz Inc. (NYSE:SKLZ) Insider Sells 2,157 Shares of Stock

Skillz Inc. (NYSE:SKLZ) insider Salvatore Jr. Lento sold 2,157 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $5.02, for a total value of $10,828.14. Following the sale, the insider now owns 6,855 shares in the company, valued at $34,412.10. The trade was a 23.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Skillz Stock Performance

NYSE:SKLZ traded up $0.21 on Tuesday, hitting $5.23. The company’s stock had a trading volume of 138,785 shares, compared to its average volume of 116,205. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.63. The stock has a fifty day moving average of $5.55 and a two-hundred day moving average of $6.13. The firm has a market capitalization of $91.16 million, a P/E ratio of -2.32 and a beta of 2.75. Skillz Inc. has a one year low of $4.72 and a one year high of $7.48.

Analyst Ratings Changes

Separately, Wedbush restated an “outperform” rating and issued a $15.00 price objective on shares of Skillz in a research note on Friday, August 2nd.

Institutional Trading of Skillz

Several institutional investors and hedge funds have recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. raised its stake in Skillz by 58.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 83,939 shares of the company’s stock valued at $472,000 after buying an additional 30,903 shares during the period. GSA Capital Partners LLP increased its stake in shares of Skillz by 36.5% during the third quarter. GSA Capital Partners LLP now owns 160,801 shares of the company’s stock worth $904,000 after purchasing an additional 42,998 shares during the period. Renaissance Technologies LLC increased its stake in shares of Skillz by 0.8% during the second quarter. Renaissance Technologies LLC now owns 392,225 shares of the company’s stock worth $2,816,000 after purchasing an additional 3,200 shares during the period. Dimensional Fund Advisors LP bought a new position in shares of Skillz during the second quarter worth approximately $88,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Skillz by 16.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 34,592 shares of the company’s stock worth $225,000 after purchasing an additional 4,800 shares during the period. Institutional investors own 19.42% of the company’s stock.

Skillz Company Profile

Skillz Inc operates a mobile game platform in the United States and internationally. The company primarily develops and supports a proprietary online-hosted technology platform that enables independent game developers to host tournaments and provide competitive gaming activity to end-users. The company distributes games through direct app download from its website, as well as through third-party platforms.