Insider Buying: Brera (NASDAQ:SLMT) Director Acquires 1,149,000 Shares of Stock

Brera Holdings PLC (NASDAQ:SLMT) Director Keren Kalima Maimon acquired 1,149,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director directly owned 1,336,868 shares in the company, valued at approximately $6,644,233.96. This trade represents a 611.60% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Brera Price Performance

SLMT traded down $0.37 during trading on Friday, hitting $5.77. 53,144 shares of the company traded hands, compared to its average volume of 119,936. The stock’s 50-day simple moving average is $71.58 and its two-hundred day simple moving average is $165.20. Brera Holdings PLC has a 1 year low of $4.28 and a 1 year 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.

Brera (NASDAQ:SLMT) last posted 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 added to or reduced their stakes in the stock. Weiss Asset Management LP raised its holdings in shares of Brera by 2.6% in the 1st quarter. Weiss Asset Management LP now owns 290,531 shares of the company’s stock valued at $228,000 after purchasing an additional 7,266 shares in the last quarter. J. Derek Lewis & Associates Inc. bought a new stake in shares of Brera in the 4th quarter valued at about $312,000. PEAK6 LLC bought a new stake in shares of Brera in the 4th quarter valued at about $93,000. Aristides Capital LLC bought a new stake in shares of Brera in the 4th quarter valued at about $166,000. Finally, XTX Topco Ltd bought a new stake in shares of Brera in the 4th quarter valued at about $161,000. Institutional investors own 68.26% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.