Sharplink Gaming (NASDAQ:SBET) Stock Price Down 9.2% Following Insider Selling

Posted by Brian Himes on May 15th, 2026

Sharplink Gaming Inc. (NASDAQ:SBET – Get Free Report)’s share price traded down 9.2% on Friday following insider selling activity. The company traded as low as $6.74 and last traded at $6.7220. 1,652,127 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 7,134,917 shares. The stock had previously closed at $7.40.

Specifically, Director Robert M. Gutkowski sold 12,892 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $7.41, for a total value of $95,529.72. Following the completion of the sale, the director directly owned 24,998 shares of the company’s stock, valued at approximately $185,235.18. This trade represents a 34.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Leslie Bernhard sold 12,892 shares of Sharplink Gaming stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $7.41, for a total transaction of $95,529.72. Following the sale, the director directly owned 24,998 shares in the company, valued at $185,235.18. The trade was a 34.02% decrease in their position. The disclosure for this sale is available in the SEC filing. In related news, Director Obie Mckenzie sold 12,892 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $7.41, for a total value of $95,529.72. Following the completion of the transaction, the director directly owned 24,998 shares of the company’s stock, valued at $185,235.18. This represents a 34.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Analysts Set New Price Targets

Several analysts have commented on SBET shares. B. Riley Financial lowered their price objective on shares of Sharplink Gaming from $19.00 to $10.00 and set a “buy” rating for the company in a report on Monday, February 23rd. HC Wainwright started coverage on Sharplink Gaming in a research report on Tuesday, April 7th. They issued a “buy” rating and a $10.00 target price for the company. TD Cowen initiated coverage on Sharplink Gaming in a research note on Friday, April 10th. They issued a “buy” rating and a $16.00 target price for the company. Citizens Jmp dropped their price target on Sharplink Gaming from $50.00 to $40.00 and set a “market outperform” rating on the stock in a research report on Wednesday, March 11th. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Sharplink Gaming in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.11.

Read Our Latest Stock Analysis on Sharplink Gaming

Sharplink Gaming Stock Down 8.6%

The company has a market cap of $1.33 billion, a P/E ratio of -11.31 and a beta of 10.69. The business has a fifty day simple moving average of $7.22 and a two-hundred day simple moving average of $8.79.

Sharplink Gaming (NASDAQ:SBET – Get Free Report) last released its quarterly earnings results on Friday, May 8th. The company reported ($3.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.62) by ($2.63). Sharplink Gaming had a negative net margin of 3,604.61% and a negative return on equity of 38.53%. The firm had revenue of $12.06 million for the quarter, compared to the consensus estimate of $14.60 million. During the same quarter in the prior year, the firm earned ($1.84) earnings per share. On average, equities analysts predict that Sharplink Gaming Inc. will post 0.1 EPS for the current fiscal year.

Institutional Trading of Sharplink Gaming

Large investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd purchased a new stake in Sharplink Gaming during the third quarter valued at approximately $49,000. Empowered Funds LLC bought a new position in Sharplink Gaming in the fourth quarter worth approximately $56,000. Independent Financial Group LLC purchased a new position in shares of Sharplink Gaming during the 1st quarter worth $65,000. Koshinski Asset Management Inc. bought a new stake in shares of Sharplink Gaming during the 1st quarter valued at $71,000. Finally, R Squared Ltd bought a new stake in shares of Sharplink Gaming during the 4th quarter valued at $90,000. 13.75% of the stock is currently owned by institutional investors.

About Sharplink Gaming

(Get Free Report)

SharpLink Gaming, Inc operates as an online technology company that connects sports fans, leagues, and sports websites to sports betting and iGaming content. The company operates through four segments: Affiliate Marketing Services United States, Affiliate Marketing Services International, Sports Gaming Client Services, and SportsHub Games Network. It operates a performance marketing platform, which owns and operates state-specific web domains to attract, acquire, and drive local sports betting and casino traffic directly to the company's sportsbook and casino partners, which are licensed to operate in each respective state; and offers sports betting data to sports media publishers.