Marshall Wace LLP Decreases Position in Corsair Gaming, Inc. (NASDAQ:CRSR)

Marshall Wace LLP lowered its stake in shares of Corsair Gaming, Inc. (NASDAQ:CRSR – Get Rating) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 460,439 shares of the company’s stock after selling 10,534 shares during the period. Marshall Wace LLP owned 0.48% of Corsair Gaming worth $5,226,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CRSR. Bank of New York Mellon Corp lifted its holdings in shares of Corsair Gaming by 224.2% during the 1st quarter. Bank of New York Mellon Corp now owns 540,458 shares of the company’s stock worth $11,437,000 after acquiring an additional 373,738 shares during the last quarter. Cetera Advisor Networks LLC increased its position in shares of Corsair Gaming by 62.6% during the first quarter. Cetera Advisor Networks LLC now owns 17,496 shares of the company’s stock valued at $370,000 after buying an additional 6,736 shares during the period. Citigroup Inc. increased its position in shares of Corsair Gaming by 103.3% during the first quarter. Citigroup Inc. now owns 38,266 shares of the company’s stock valued at $810,000 after buying an additional 19,447 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Corsair Gaming by 429.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,509 shares of the company’s stock valued at $32,000 after buying an additional 1,224 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in Corsair Gaming by 55.3% during the first quarter. MetLife Investment Management LLC now owns 15,389 shares of the company’s stock worth $326,000 after acquiring an additional 5,482 shares in the last quarter. 81.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Corsair Gaming

In other Corsair Gaming news, CFO Michael G. Potter sold 3,585 shares of Corsair Gaming stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $13.88, for a total transaction of $49,759.80. Following the completion of the sale, the chief financial officer now directly owns 30,665 shares in the company, valued at approximately $425,630.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO Michael G. Potter sold 3,585 shares of the business’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $13.88, for a total value of $49,759.80. Following the completion of the sale, the chief financial officer now owns 30,665 shares of the company’s stock, valued at approximately $425,630.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Thi L. La sold 5,000 shares of the business’s stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $14.00, for a total transaction of $70,000.00. Following the completion of the sale, the chief operating officer now directly owns 196,543 shares of the company’s stock, valued at approximately $2,751,602. The disclosure for this sale can be found here. Insiders own 61.01% of the company’s stock.

Corsair Gaming Trading Down 2.2 %

NASDAQ CRSR opened at $15.96 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.25 and a current ratio of 1.82. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of -24.94 and a beta of 1.85. The company’s 50-day simple moving average is $16.08 and its two-hundred day simple moving average is $14.93. Corsair Gaming, Inc. has a one year low of $10.96 and a one year high of $22.91.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CRSR shares. Robert W. Baird upped their target price on shares of Corsair Gaming from $16.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, February 13th. Wedbush cut shares of Corsair Gaming from an “outperform” rating to a “neutral” rating and set a $17.00 target price for the company. in a report on Monday, February 6th. Finally, Barclays increased their price objective on shares of Corsair Gaming from $16.00 to $19.00 and gave the stock an “overweight” rating in a research note on Friday, February 10th.

About Corsair Gaming

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Corsair Gaming, Inc, together with its subsidiaries, designs, markets, and distributes gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. The company offers gamer and creator peripherals, including gaming keyboards, mice, headsets, and controllers, as well as capture cards, stream decks, USB microphones, studio accessories, and EpocCam software.