Brera Holdings PLC (NASDAQ:SLMT – Get Free Report)’s stock price dropped 5% during mid-day trading on Friday . The company traded as low as $4.89 and last traded at $4.89. 224,102 shares changed hands during trading, an increase of 154% from the average daily volume of 88,202 shares. The stock had previously closed at $5.15.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brera in a research report on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.
Check Out Our Latest Research Report on SLMT
Brera Stock Performance
Brera (NASDAQ:SLMT – Get Free Report) last released its quarterly earnings results on Saturday, May 16th. The company reported ($915.90) earnings per share for the quarter.
Insider Activity at Brera
In related news, CEO Ron Sade purchased 1,149,000 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were purchased at an average price of $4.97 per share, with a total value of $5,710,530.00. Following the acquisition, the chief executive officer directly owned 1,340,646 shares of the company’s stock, valued at approximately $6,663,010.62. This represents a 599.54% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Keren Kalima Maimon acquired 1,149,000 shares of the stock in a transaction on Thursday, May 21st. The stock was bought at an average price of $4.97 per share, with a total value of $5,710,530.00. Following the transaction, the director directly owned 1,336,868 shares of the company’s stock, valued at approximately $6,644,233.96. The trade was a 611.60% increase in their position. The disclosure for this purchase is available in the SEC filing.
Institutional Trading of Brera
A number of institutional investors and hedge funds have recently modified their holdings of SLMT. HighTower Advisors LLC purchased a new stake in Brera in the 4th quarter worth $28,000. Geode Capital Management LLC bought a new position in Brera in the 4th quarter valued at $95,000. State of Wyoming purchased a new position in shares of Brera during the fourth quarter worth approximately $116,000. ARK Investment Management LLC bought a new position in shares of Brera during the 4th quarter worth $16,998,000. Finally, Aristides Capital LLC purchased a new stake in shares of Brera in the 4th quarter worth approximately $166,000. Institutional investors own 68.26% of the company’s stock.
Brera Company Profile
Brera Holdings PLC is an Irish holding company focused on expanding social impact football by developing a global portfolio of emerging football clubs with increased opportunities to earn tournament prizes, gain sponsorships, and provide other professional football and related consulting services. We seek to build on the legacy and brand of Brera FC, the first football club that we acquired in July 2022. Brera FC is an amateur football association which has been building an alternative football legacy since its founding in 2000.
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