Connexa Sports Technologies (NASDAQ:YYAI) Major Shareholder Michael Anthony Belfiore Purchases 3,192,905 Shares

Connexa Sports Technologies Inc. (NASDAQ:YYAI) major shareholder Michael Anthony Belfiore bought 3,192,905 shares of the firm’s stock in a transaction on Wednesday, October 8th. The shares were bought at an average price of $0.32 per share, for a total transaction of $1,021,729.60. Following the completion of the transaction, the insider directly owned 3,192,905 shares in the company, valued at approximately $1,021,729.60. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Michael Anthony Belfiore also recently made the following trade(s):

• On Friday, October 10th, Michael Anthony Belfiore bought 20,190 shares of Connexa Sports Technologies stock. The shares were bought at an average price of $0.19 per share, for a total transaction of $3,836.10.

Connexa Sports Technologies Stock Performance

Shares of NASDAQ YYAI opened at $0.13 on Thursday. The firm has a market capitalization of $1.96 million, a P/E ratio of -0.01 and a beta of -2.05. Connexa Sports Technologies Inc. has a one year low of $0.11 and a one year high of $6.71. The company’s fifty day moving average is $2.59 and its two-hundred day moving average is $1.66.

Connexa Sports Technologies (NASDAQ:YYAI) last issued its earnings results on Wednesday, December 22nd. The company reported ($0.03) EPS for the quarter. The company had revenue of $5.40 million for the quarter. Connexa Sports Technologies had a return on equity of 15.61% and a net margin of 23.04%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Connexa Sports Technologies to a “hold” rating in a research report on Saturday, August 16th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Private Advisor Group LLC acquired a new position in shares of Connexa Sports Technologies during the 1st quarter worth $32,000. XTX Topco Ltd acquired a new position in shares of Connexa Sports Technologies during the 1st quarter worth $38,000. Finally, Geode Capital Management LLC raised its stake in shares of Connexa Sports Technologies by 7.2% during the 2nd quarter. Geode Capital Management LLC now owns 90,581 shares of the company’s stock worth $81,000 after buying an additional 6,116 shares during the last quarter. Institutional investors and hedge funds own 4.03% of the company’s stock.

Connexa Sports Technologies Company Profile

Connexa Sports Technologies Inc engages in the sports equipment and technology business in the United States. The company offers Slinger Launcher, a portable padel tennis ball launcher and pickleball launcher; and Slinger Bag Launcher, a ball launcher built into transport wheeled trolley bag. It also provides Gameface, AI technology and performance analytics for sports.