Texas Permanent School Fund Purchases 724 Shares of Corsair Gaming, Inc. (NASDAQ:CRSR)

Texas Permanent School Fund grew its position in Corsair Gaming, Inc. (NASDAQ:CRSRGet Rating) by 3.1% during the second quarter, HoldingsChannel.com reports. The fund owned 24,134 shares of the company’s stock after acquiring an additional 724 shares during the quarter. Texas Permanent School Fund’s holdings in Corsair Gaming were worth $317,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in Corsair Gaming by 429.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,509 shares of the company’s stock worth $32,000 after acquiring an additional 1,224 shares during the last quarter. KBC Group NV bought a new position in shares of Corsair Gaming during the 2nd quarter valued at approximately $37,000. Mutual of America Capital Management LLC bought a new position in shares of Corsair Gaming during the 1st quarter valued at approximately $101,000. Lazard Asset Management LLC bought a new position in shares of Corsair Gaming during the 1st quarter valued at approximately $107,000. Finally, State of Tennessee Treasury Department bought a new position in shares of Corsair Gaming during the 1st quarter valued at approximately $201,000. Institutional investors own 22.91% of the company’s stock.

Insider Activity at Corsair Gaming

In other Corsair Gaming news, major shareholder Group (Cayman) Lp Corsair acquired 2,121,212 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was bought at an average price of $16.50 per share, for a total transaction of $34,999,998.00. Following the acquisition, the insider now directly owns 56,300,771 shares in the company, valued at $928,962,721.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 61.01% of the stock is owned by company insiders.

Analysts Set New Price Targets

CRSR has been the topic of several analyst reports. Credit Suisse Group cut their target price on Corsair Gaming from $18.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, November 4th. DA Davidson cut their target price on Corsair Gaming to $20.00 in a research report on Tuesday, August 9th. Cowen cut their target price on Corsair Gaming to $17.00 in a research report on Tuesday, August 9th. Finally, Wedbush reissued an “outperform” rating on shares of Corsair Gaming in a research report on Wednesday, October 26th.

Corsair Gaming Price Performance

CRSR opened at $16.46 on Wednesday. The business has a fifty day moving average of $13.60 and a 200 day moving average of $14.42. Corsair Gaming, Inc. has a 52-week low of $10.96 and a 52-week high of $23.99. The company has a quick ratio of 0.82, a current ratio of 1.59 and a debt-to-equity ratio of 0.45. The stock has a market cap of $1.58 billion, a P/E ratio of -32.10 and a beta of 1.74.

Corsair Gaming Company Profile

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Corsair Gaming (NASDAQ:CRSR)

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