Insider Buying: Brera (NASDAQ:SLMT) CEO Acquires $5,710,530.00 in Stock

Brera Holdings PLC (NASDAQ:SLMT) CEO Ron Sade acquired 1,149,000 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was acquired at an average price of $4.97 per share, with a total value of $5,710,530.00. Following the transaction, the chief executive officer 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Brera Stock Performance

SLMT stock opened at $5.77 on Monday. Brera Holdings PLC has a twelve month low of $4.28 and a twelve month high of $529.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.50 and a current ratio of 3.50. The business has a fifty day moving average of $71.58 and a 200-day moving average of $160.65.

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

Institutional Investors Weigh In On Brera

A number of institutional investors and hedge funds have recently made changes to their positions in SLMT. ARK Investment Management LLC bought a new stake in shares of Brera during the fourth quarter worth $16,998,000. Electric Capital Partners LLC acquired a new stake in shares of Brera during the fourth quarter worth $12,155,000. Anatole Investment Management Ltd acquired a new stake in shares of Brera during the fourth quarter worth $10,389,000. Alyeska Investment Group L.P. acquired a new stake in shares of Brera during the fourth quarter worth $5,293,000. Finally, Arrington Capital Management LLC acquired a new stake in shares of Brera during the fourth quarter worth $2,055,000. Institutional investors own 68.26% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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, Based on data from MarketBeat.com, Brera 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.