Golden Matrix Group, Inc. (NASDAQ:GMGI) Insider Aleksandar Milovanovic Acquires 5,000 Shares

Posted by Cheyenne Larson on Mar 27th, 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 that occurred 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 purchase, the insider now owns 79,177,938 shares in the company, valued at $161,522,993.52. The trade was a 0.01 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 shares were acquired at an average cost of $2.17 per share, with a total value of $4,340.00.
On Thursday, February 27th, Aleksandar Milovanovic purchased 4,212 shares of Golden Matrix Group stock. The stock was acquired at an average cost of $1.97 per share, for a total transaction of $8,297.64.
On Friday, March 21st, Aleksandar Milovanovic acquired 140,000 shares of Golden Matrix Group stock. The shares were acquired at an average cost of $1.96 per share, with a total value of $274,400.00.
On Friday, March 14th, Aleksandar Milovanovic bought 50,000 shares of Golden Matrix Group stock. The stock was acquired at an average cost of $2.17 per share, for a total transaction of $108,500.00.
On Friday, March 7th, Aleksandar Milovanovic purchased 50,000 shares of Golden Matrix Group stock. The stock was bought at an average price of $2.16 per share, with a total value of $108,000.00.
On Tuesday, March 4th, Aleksandar Milovanovic acquired 2,514 shares of Golden Matrix Group stock. The shares were bought at an average price 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 bought at an average cost of $1.86 per share, for a total transaction of $186,000.00.
On Friday, February 14th, Aleksandar Milovanovic purchased 100,000 shares of Golden Matrix Group stock. The shares were bought at an average price of $1.85 per share, for a total transaction of $185,000.00.
On Wednesday, February 5th, Aleksandar Milovanovic acquired 20,000 shares of Golden Matrix Group stock. The stock was purchased at an average cost of $1.85 per share, with a total value of $37,000.00.
On Monday, February 3rd, Aleksandar Milovanovic bought 50,000 shares of Golden Matrix Group stock. The shares were purchased at an average cost of $1.80 per share, for a total transaction of $90,000.00.

Golden Matrix Group Trading Up 6.4 %

NASDAQ:GMGI 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 stock’s fifty day moving average is $2.00 and its two-hundred day moving average is $2.20. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.75 and a current ratio of 0.82.

Wall Street Analysts Forecast Growth

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

View Our Latest Report on Golden Matrix Group

Institutional Trading of Golden Matrix Group

A number of hedge funds and other institutional investors have recently modified their holdings of GMGI. SG Americas Securities LLC purchased a new position in Golden Matrix Group during the fourth quarter worth about $28,000. Kera Capital Partners Inc. acquired a new position in shares of Golden Matrix Group in the 4th quarter worth approximately $40,000. Virtu Financial LLC lifted its holdings in shares of Golden Matrix Group by 56.0% in the 3rd quarter. Virtu Financial LLC now owns 23,431 shares of the company’s stock worth $55,000 after acquiring an additional 8,408 shares during the last quarter. Barclays PLC boosted its position in shares of Golden Matrix Group by 332.6% during the 3rd quarter. Barclays PLC now owns 29,160 shares of the company’s stock worth $67,000 after purchasing an additional 22,420 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Golden Matrix Group by 24.7% in the 4th quarter. Bank of New York Mellon Corp now owns 40,632 shares of the company’s stock valued at $80,000 after purchasing an additional 8,061 shares during the last quarter. 2.74% of the stock is owned by institutional investors and hedge funds.

Golden Matrix Group Company Profile

(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.