RealNetworks, Inc. (RNWK) SVP Sells $31,290.00 in Stock
RealNetworks, Inc. (NASDAQ:RNWK) SVP Michael Parham sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $4.47, for a total transaction of $31,290.00. Following the sale, the senior vice president now owns 19,848 shares of the company’s stock, valued at $88,720.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of RealNetworks, Inc. (NASDAQ RNWK) traded down $0.22 during mid-day trading on Friday, hitting $4.13. 84,600 shares of the stock traded hands, compared to its average volume of 48,983. RealNetworks, Inc. has a fifty-two week low of $3.90 and a fifty-two week high of $5.45.
RealNetworks (NASDAQ:RNWK) last announced its earnings results on Wednesday, November 1st. The technology company reported ($0.11) earnings per share for the quarter. The firm had revenue of $30.00 million during the quarter. RealNetworks had a negative net margin of 21.67% and a negative return on equity of 32.64%.
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Separately, B. Riley reiterated a “buy” rating and set a $6.50 price objective on shares of RealNetworks in a research note on Sunday, July 23rd.
Several hedge funds have recently made changes to their positions in the company. State Street Corp boosted its stake in shares of RealNetworks by 6.2% in the second quarter. State Street Corp now owns 470,564 shares of the technology company’s stock valued at $2,038,000 after purchasing an additional 27,268 shares during the period. Northern Trust Corp boosted its stake in shares of RealNetworks by 18.0% in the second quarter. Northern Trust Corp now owns 291,171 shares of the technology company’s stock valued at $1,260,000 after purchasing an additional 44,387 shares during the period. New York State Common Retirement Fund boosted its stake in shares of RealNetworks by 18.5% in the second quarter. New York State Common Retirement Fund now owns 785,611 shares of the technology company’s stock valued at $3,402,000 after purchasing an additional 122,399 shares during the period. Teachers Advisors LLC boosted its stake in shares of RealNetworks by 21.6% in the second quarter. Teachers Advisors LLC now owns 39,183 shares of the technology company’s stock valued at $170,000 after purchasing an additional 6,956 shares during the period. Finally, Prudential Financial Inc. boosted its stake in shares of RealNetworks by 19.1% in the second quarter. Prudential Financial Inc. now owns 167,654 shares of the technology company’s stock valued at $726,000 after purchasing an additional 26,900 shares during the period. Institutional investors and hedge funds own 51.70% of the company’s stock.
RealNetworks Company Profile
RealNetworks, Inc creates applications and services that enable to connect with digital media. The Company connects consumers with their digital media directly and through partners, focusing on supporting various network, devices, media types and social networks. It operates through three segments: Consumer Media, Mobile Services and Games.
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