Electronic Arts CFO Stuart Canfield sells $148,180 in stock By Investing.com
Stuart Canfield, Senior Vice President and Chief Financial Officer at Company 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 made 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, the stock shows low volatility compared to InvestingPro’s analysis of the company’s $38.47 billion market cap. The sale was made under a previously established 10b5-1 trading plan, which Canfield filed on August 26, 2024. After the transaction, Canfield retains ownership of 8,750 shares in the company. InvestingPro’s analysis reveals that EA maintains strong financial health with more cash than debt and excellent liquidity metrics. Subscribers can access 12 additional ProTips and the complete Pro Research Report, which is part of a platform covering 1,400+ US stocks.
In other recent news, Electronic Arts (EA) reported a record-breaking second quarter for the 2025 fiscal year, with bookings reaching $2.08 billion, representing a 14% increase over last year. This growth in bookings is largely due to the success of EA’s sports franchises, including EA SPORTS College Football 25. Following these strong results, EA has raised its guidance for the entire year. Stifel, a financial services firm, downgraded EA stock from Buy to Hold, despite maintaining a positive long-term outlook for the company. This change in rating follows a re-evaluation of Stifel’s game model and total EA booking ratings. 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 Q2 results. EA is also focusing on strategic initiatives such as developing online communities and using productive AI, including plans to expand The Sims as a platform and partnering with Amazon (NASDAQ:) MGM Studios for a film adaptation.
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