Granahan Investment Management, LLC reduced its stake in Genius Sports Limited (GENI 2.59%) by 2,470,110 shares in first-quarter 2026, an estimated $17.59 million transaction based on quarterly average pricing, according to a May 15, 2026, SEC filing. What happened According to its SEC filing dated May 15, 2026, Granahan Investment Management sold 2,470,110 shares of Genius Sports Limited during t...
Granahan Investment Management, LLC reduced its stake in Genius Sports Limited (GENI 2.59%) by 2,470,110 shares in first-quarter 2026, an estimated $17.59 million transaction based on quarterly average pricing, according to a May 15, 2026, SEC filing. What happened According to its SEC filing dated May 15, 2026, Granahan Investment Management sold 2,470,110 shares of Genius Sports Limited during the first quarter. The estimated value of shares sold was $17.59 million, calculated using the quarter’s average share price. The fund ended the quarter holding 5,383,762 shares, with a value of $23.85 million at March 31, 2026. What else to know This sale reduced Genius Sports Limited’s weighting in the fund to 1.15% of 13F AUM, down from 2.00% the previous quarter. Top holdings after the filing: NYSE: CRS: $94.39 million (4.6% of AUM) NASDAQ: PRCH: $90.88 million (4.4% of AUM) NASDAQ: FTAI: $83.38 million (4.0% of AUM) NYSE: MOD: $81.83 million (4.0% of AUM) NASDAQ: VCTR: $71.20 million (3.4% of AUM) As of Thursday, shares of Genius Sports Limited were priced at $4.89, down 50% over the past year and well underperforming the S&P 500, which is instead up about 27%. Company Overview Metric Value Price (as of market close 2026-05-14) $4.89 Market Capitalization $1.31 billion Revenue (TTM) $713.45 million Net Income (TTM) ($158.85 million) Company Snapshot Genius Sports offers technology infrastructure, live data collection, streaming solutions, integrity services, and fan engagement tools for the sports, sports betting, and sports media industries. The firm generates revenue through the sale of data feeds, streaming rights, risk management services, and digital marketing solutions to sports leagues, bookmakers, and media partners. It serves sports leagues, betting operators, and digital publishers seeking real-time data, video content, and integrity services. Genius Sports Limited is a leading provider of technology-driven solutions for the global sports ecosystem, specializi...