TTWO TAKE TWO INTERACTIVE SOFTWARE INC
Price Chart
Executive Summary
A cluster of insider selling at Take-Two Interactive follows the company's fiscal Q4 2026 earnings release and bullish FY2027 guidance tied to the upcoming GTA VI launch. CEO Strauss Zelnick and President Karl Slatoff each sold ~$1.38M in open-market shares on June 1, 2026, while CFO Lainie Goldstein sold ~$6.82M on June 2. The total open-market sales of ~$16.1M represent ~0.04% of the $41.3B market cap — a trivial proportion. Non-cash transactions (grants, tax withholdings, gifts) account for the majority of insider activity and carry no economic signal. The selling is consistent with routine post-vesting diversification and does not negate the positive fundamental outlook from the earnings report.
Key Financial Metrics
Actionable Insight
The insider selling is immaterial in size relative to market cap and likely reflects routine post-vesting diversification following the annual equity grant cycle. The bullish GTA VI catalyst (November 2026 launch) remains the dominant driver. Monitor for any acceleration of selling by C-suite executives in the weeks ahead of the launch — a material increase in dollar volume (>0.5% of market cap) would warrant a reassessment.
Key Facts
- Total open-market insider sales of ~$16.1M over a 7-day window, representing ~0.04% of TTWO's $41.3B market cap
- CEO Strauss Zelnick sold 6,129 shares at $224.44 for ~$1.38M on June 1, 2026
- President Karl Slatoff sold 6,129 shares at $224.44 for ~$1.38M on June 1, 2026
- CFO Lainie Goldstein sold 31,060 shares at $219.61 for ~$6.82M on June 2, 2026
- Chief Legal Officer Daniel Emerson sold 21,102 shares at $219.61 for ~$4.63M on June 2, 2026
- Non-cash transactions include grants of 329,949 shares each to Zelnick and Slatoff, and 57,135 shares to Goldstein
- Fiscal Q4 2026 earnings released May 21, 2026 showed narrower GAAP net loss of $59.5M vs $3.73B year-ago; FY2027 guidance calls for Net Bookings of $8.0-$8.2B driven by GTA VI launch in November 2026
- Historical calibration shows prior neutral-score reports on TTWO had negative T+20 alpha (-2.50% avg vs SPY) with 0% win rate
Financial Impact
Open-market sales of ~$16.1M are trivial relative to $41.3B market cap (0.04%)
Risk Factors
- Insider selling could accelerate if management becomes less confident in GTA VI launch timing or reception
- Historical calibration shows TTWO has underperformed SPY by -2.50% on average at T+20 following prior neutral reports
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-TTWO-1780525845578 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 10, 2026
2d ago
|
Insider Cluster
| $208.97 awaiting T+1 | awaiting T+1 | — | $211.75 (+1.33%) |
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Jun 3, 2026
9d ago
|
Insider Cluster
| $216.46 $214.29 | ▼ −1.00% | ▲ +1.60% | $211.75 (−2.17%) |
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Jun 2, 2026
10d ago
|
Insider Cluster
| $215.73 $216.65 | ▲ +0.43% | ▲ +0.02% | $211.75 (−1.84%) |
|
Jun 2, 2026
10d ago
|
Insider Cluster
| $215.73 $216.46 | ▲ +0.34% | ▼ −0.06% | $211.75 (−1.84%) |
|
Jun 1, 2026
11d ago
|
Insider Cluster
| $222.35 $215.73 | ▼ −2.98% | ▼ −2.26% | $211.75 (−4.77%) |
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May 21, 2026
22d ago
|
8-K
| $227.51 $220.60 | ▼ −3.04% | ▼ −3.62% | $211.75 (−6.93%) |
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Mar 9, 2026
13w ago
|
Insider Cluster
| $213.71 $209.03 | ▼ −2.19% | ▼ −2.01% | $211.75 (−0.91%) |
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Mar 2, 2026
14w ago
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Insider Cluster
| $213.68 $216.32 | ▲ +1.24% | ▲ +2.15% | $211.75 (−0.90%) |
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Mar 2, 2026
14w ago
|
Insider Cluster
| $213.68 $216.32 | ▲ +1.24% | ▲ +2.15% | $211.75 (−0.90%) |
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Mar 2, 2026
14w ago
|
Insider Cluster
| $213.68 $216.32 | ▲ +1.24% | ▲ +2.15% | $211.75 (−0.90%) |
US Market Status
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