Marcus & Millichap, Inc. (NYSE:MMI) COO Sells $64,757.15 in Stock

Marcus & Millichap, Inc. (NYSE:MMI) COO John David Parker sold 1,835 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $35.29, for a total transaction of $64,757.15. Following the completion of the sale, the chief operating officer now owns 13,373 shares of the company’s stock, valued at approximately $471,933.17. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

John David Parker also recently made the following trade(s):

• On Thursday, March 14th, John David Parker sold 9,716 shares of Marcus & Millichap stock. The shares were sold at an average price of $32.83, for a total transaction of $318,976.28.

Marcus & Millichap Trading Down 0.6 %

Shares of MMI opened at $33.33 on Friday. Marcus & Millichap, Inc. has a 1-year low of $26.81 and a 1-year high of $44.24. The company has a 50-day moving average of $32.95 and a 200 day moving average of $35.59.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MMI. Signaturefd LLC increased its position in Marcus & Millichap by 112.6% during the 4th quarter. Signaturefd LLC now owns 623 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 330 shares during the period. Quantbot Technologies LP purchased a new position in shares of Marcus & Millichap in the 3rd quarter worth approximately $75,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Marcus & Millichap in the 1st quarter worth approximately $85,000. EntryPoint Capital LLC purchased a new position in shares of Marcus & Millichap in the 1st quarter worth approximately $85,000. Finally, LRI Investments LLC purchased a new position in shares of Marcus & Millichap in the 1st quarter worth approximately $143,000. Hedge funds and other institutional investors own 62.78% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Marcus & Millichap from a “sell” rating to a “hold” rating in a report on Monday, May 13th.

Marcus & Millichap Company Profile

Marcus & Millichap, Inc, an investment brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada. The company offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing, as well as capital markets.