Salvatore Jr. Lento Sells 2,157 Shares of Skillz Inc. (NYSE:SKLZ) Stock

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

Skillz Stock Down 3.2 %

Shares of Skillz stock opened at $5.07 on Thursday. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.63. Skillz Inc. has a 52-week low of $4.72 and a 52-week high of $7.48. The company has a 50-day simple moving average of $5.53 and a two-hundred day simple moving average of $6.12.

Analyst Upgrades and Downgrades

Separately, Wedbush reissued an “outperform” rating and set a $15.00 price target on shares of Skillz in a research report on Friday, August 2nd.

Institutional Inflows and Outflows

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

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.