Brera (NASDAQ:SLMT) CEO Buys $5,710,530.00 in Stock

Brera Holdings PLC (NASDAQ:SLMT) CEO Ron Sade acquired 1,149,000 shares of Brera stock in a transaction that occurred on Thursday, May 21st. The shares were purchased at an average price of $4.97 per share, for a total transaction of $5,710,530.00. Following the transaction, the chief executive officer directly owned 1,340,646 shares in the company, 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 legal filing with the SEC, which is available through this hyperlink.

Brera Price Performance

SLMT stock traded down $0.37 during midday trading on Friday, reaching $5.77. 53,144 shares of the stock were exchanged, compared to its average volume of 119,936. Brera Holdings PLC has a 52 week low of $4.28 and a 52 week high of $529.50. The company has a current ratio of 3.50, a quick ratio of 3.50 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average price of $71.58 and a 200 day moving average price of $165.20.

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Weiss Asset Management LP raised its position in Brera by 2.6% during the 1st quarter. Weiss Asset Management LP now owns 290,531 shares of the company’s stock worth $228,000 after purchasing an additional 7,266 shares during the last quarter. HighTower Advisors LLC bought a new position in Brera during the 4th quarter worth $28,000. Millennium Management LLC bought a new position in Brera during the 4th quarter worth $41,000. Engineers Gate Manager LP bought a new position in Brera during the 4th quarter worth $62,000. Finally, PEAK6 LLC bought a new position in Brera during the 4th quarter worth $93,000. 68.26% of the stock is owned by institutional investors.

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.