Brera (NASDAQ:SLMT) CEO Ron Sade Acquires 1,149,000 Shares

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

Brera Stock Down 6.0%

Shares of NASDAQ:SLMT opened at $5.77 on Friday. The company has a 50-day moving average price of $71.58 and a 200-day moving average price of $165.20. The company has a quick ratio of 3.50, a current ratio of 3.50 and a debt-to-equity ratio of 0.02. Brera Holdings PLC has a 12 month low of $4.28 and a 12 month high of $529.50.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Brera in a research note on Friday, April 10th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Hedge Funds Weigh In On Brera

Institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new stake in Brera in the fourth quarter worth about $161,000. State of Wyoming purchased a new stake in Brera in the fourth quarter worth about $116,000. Geode Capital Management LLC purchased a new stake in Brera in the fourth quarter worth about $95,000. PEAK6 LLC purchased a new stake in Brera in the fourth quarter worth about $93,000. Finally, Engineers Gate Manager LP purchased a new stake in Brera in the fourth quarter worth about $62,000. 68.26% of the stock is owned by institutional investors.

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.