Insider Activity to Watch: Hasbro (HAS)

Hasbro, Inc. (NASDAQ:HAS) insider has recently participated in insider trading activity. Director, HASSENFELD ALAN G sold 360,000 shares for $ 25,959,464 via one transaction Feb 17. Following the transaction, the insider now owns 2,115,000 shares in total, priced at $ 152851050 as of Thursday. Another notable insider trading was done by the same insider on Feb 16. HASSENFELD ALAN G sold 90,000 shares at an average price of $71.07 for a total of $ 6,395,940. Moreover, GOLDNER BRIAN carried out a sale of 175,000 shares at $78.79 each on Oct 26. The transaction amounted to $ 13,787,985. EVP, CGO & Bus Dvlpmt Officer Billing Duncan sold 3,904 shares for $ 313,997 through one transaction Aug 13. Following this sale, this insider’s stake in the company comprises 51,676 shares, priced at $ 3734624.52 as of Thursday.

The stock has experienced a total of 1 insider trades in the past three months. These trades include 1 sell activities and 0 buy trades. Furthermore, over the past 12 months, the stock was traded 28 times by insiders. In 14 of these trades, the insider was a seller while an employee of the company was the buyer in just 14 instances.

On February 15, 2016, Sunrights, Inc. and d-rights, Inc. have joined with global play company Hasbro, Inc. (HAS) to relaunch the legendary BEYBLADE franchise. Later this year, Hasbro will distribute a new generation of Hasbro BEYBLADE toys in North America, followed by a broader launch in most major international markets in 2017. This third generation of Hasbro toys will be branded BEYBLADE BURST and will feature a dynamic “burst” component, bringing more excitement to the successful battling play pattern. Hasbro’s toys will also include a digital component for certain markets.

Hasbro, Inc., together with its subsidiaries, provides children’s and family leisure time products and services worldwide. The company’s product offerings include various toys comprising boys’ action figures, vehicles and playsets, girls toys, electronic toys and games, plush products, preschool toys and infant products, electronic interactive products, creative play, and toy-related specialty products. It also offers games comprising board, off-the-board, digital, card, electronic, trading card, and role-playing games. The company’s franchise brands include LITTLEST PET SHOP, MAGIC: THE GATHERING, MONOPOLY, MY LITTLE PONY, NERF, PLAY-DOH, and TRANSFORMERS; and challenger brands comprise BABY ALIVE, FURBY, FURREAL FRIENDS, KRE-O, PLAYSKOOL, and PLAYSKOOL HEROES. Its gaming mega brands consists of CONNECT 4, ELEFUN & FRIENDS, JENGA, THE GAME OF LIFE, OPERATION, SCRABBLE, TRIVIAL PURSUIT, PIE FACE, and TWISTER. In addition, the company produces television programming primarily based on its brands, as well as distributes such programming.