Ron Sade Buys 1,149,000 Shares of Brera (NASDAQ:SLMT) Stock

Brera Holdings PLC (NASDAQ:SLMT) CEO Ron Sade acquired 1,149,000 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was purchased at an average price of $4.97 per share, for a total transaction of $5,710,530.00. Following the completion of the transaction, the chief executive officer directly owned 1,340,646 shares in the company, valued at approximately $6,663,010.62. The trade was a 599.54% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Brera Trading Down 6.0%

SLMT stock traded down $0.37 during midday trading on Friday, hitting $5.77. 53,144 shares of the company’s stock were exchanged, compared to its average volume of 119,936. The stock’s fifty day moving average price is $71.58 and its 200-day moving average price is $165.20. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.50 and a current ratio of 3.50. Brera Holdings PLC has a one year low of $4.28 and a one year high of $529.50.

Brera (NASDAQ:SLMT) last issued its quarterly earnings results on Saturday, May 16th. The company reported ($915.90) EPS for the quarter.

Institutional Investors Weigh In On Brera

Several institutional investors have recently made changes to their positions in the stock. ARK Investment Management LLC bought a new stake in Brera during the fourth quarter worth $16,998,000. Electric Capital Partners LLC bought a new stake in Brera during the fourth quarter worth $12,155,000. Anatole Investment Management Ltd bought a new stake in Brera during the fourth quarter worth $10,389,000. Alyeska Investment Group L.P. bought a new stake in Brera during the fourth quarter worth $5,293,000. Finally, Arrington Capital Management LLC bought a new stake in Brera during the fourth quarter worth $2,055,000. 68.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Brera in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About Brera

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.