High Roller Technologies, Inc. (NASDAQ:ROLR) recently saw a significant transaction involving its director and ten percent owner, Brandon Eachus. On October 23, Eachus acquired 31,250 shares of common stock at a price of $8.00 per share, amounting to a total purchase value of $250,000. This acquisition increases Eachus's direct ownership in the company.
Additionally, Eachus holds indirect ownership of shares through various entities. This includes 2,588,395 shares held by Cascadia Holdings Limited, where Eachus shares joint beneficial ownership with Michael Cribari and Jeffrey Smith. Furthermore, indirect ownership includes 731,388 shares held by Spike Up Media A.B. and 39,172 shares issuable upon exercise of a warrant held by Spike Up Media LLC, both subsidiaries of Ellmount Interactive A.B.
These transactions reflect Eachus's continued stake in High Roller Technologies, further aligning his interests with those of the company and its shareholders.
InvestingPro Insights
Brandon Eachus's recent acquisition of High Roller Technologies, Inc. (NASDAQ:ROLR) shares aligns with some interesting financial metrics and trends revealed by InvestingPro data.
The company's market capitalization stands at $65.3 million, indicating it's a small-cap stock. This relatively small size could explain why a director's purchase of 31,250 shares is considered significant.
One InvestingPro Tip notes that ROLR "generally trades with low price volatility." This characteristic might appeal to investors like Eachus who are looking for stability in their holdings. Additionally, the stock is "trading near its 52-week high," with the current price at 92.48% of its peak. This could suggest market confidence in the company's prospects, potentially influencing Eachus's decision to increase his stake.
However, it's worth noting that ROLR is "not profitable over the last twelve months," with a negative operating income of $5.22 million for the last twelve months as of Q3 2023. This loss might explain the negative P/E ratio of -11.58 and could be a factor for potential investors to consider.
For those interested in a more comprehensive analysis, InvestingPro offers additional tips and metrics that could provide deeper insights into ROLR's financial health and market position.
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