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CALABASAS, CA – Gregory A. LaBerge, Chief Administrative Officer of Marcus & Millichap, Inc. (NYSE:MMI), recently sold a significant portion of his common stock holdings. According to a recent filing, LaBerge sold a total of 2,915 shares on March 11, 2025, at an average price of $34.78 per share, amounting to a total transaction value of approximately $101,386.
The shares were sold indirectly by the Gregory & Meredith (NYSE:MDP) LaBerge Trust. Following the sale, LaBerge holds 2,307 shares indirectly.
In addition to this sale, the filing detailed several transactions related to restricted stock units (RSUs) exercised on March 10, 2025. LaBerge acquired a total of 9,531 shares through these exercises, priced at $0 per share, as each RSU represents a contingent right to receive one share of the company’s common stock.
Furthermore, shares totaling $120,881 were withheld by Marcus & Millichap to cover tax liabilities incurred from these RSU settlements. These withheld shares were priced at $35.47 per share, reflecting the closing sale price on the date of the transaction.
These transactions highlight LaBerge’s ongoing engagement with his equity holdings in Marcus & Millichap, a leading real estate services company headquartered in Calabasas, California.
In other recent news, Marcus and Millichap reported a significant increase in revenue for the fourth quarter of 2024, reaching $240 million, which represents a 44% year-over-year growth. The company’s full-year revenue also rose to $696 million, an 8% increase from the previous year. Despite these gains, Marcus and Millichap ended the year with a net loss of $12.4 million, an improvement from the $34 million loss recorded in 2023. The earnings call emphasized the firm’s strategic investments in technology and talent acquisition as key drivers for future growth. Additionally, the company closed 7,800 transactions throughout the year, totaling $43.6 billion in volume. Analysts noted that Marcus and Millichap’s performance was bolstered by a 40% increase in brokerage revenue and a 97% rise in financing revenue during the fourth quarter. The company’s strategic focus includes continued investment in technology and talent, aiming to enhance operational efficiency. Despite challenges such as interest rate volatility, Marcus and Millichap maintained its position as a leading investment brokerage firm by transaction count.
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