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Gregory A. LaBerge, Chief Administrative Officer of Marcus & Millichap, Inc. (NYSE:MMI), recently executed a sale of the company’s common stock. According to a filing with the Securities and Exchange Commission, LaBerge sold 828 shares at a price of $38.2624 per share, totaling approximately $31,681. Following this transaction, LaBerge holds 5,222 shares indirectly through a trust. The shares are held by the Gregory & Meredith (NYSE:MDP) LaBerge TTEE Gregory A. LaBerge Trust.
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% rise compared to the previous year. The company’s full-year revenue also saw an 8% increase, amounting to $696 million. Despite ending the year with a net loss of $12.4 million, this was a marked improvement from the $34 million loss recorded in 2023. The firm emphasized its strategic investments in technology and talent acquisition as key factors driving this growth, alongside reduced service costs and SG&A expenses. Additionally, Marcus and Millichap closed 7,800 transactions in 2024, totaling $43.6 billion in volume. Analysts have noted the company’s cautious optimism for incremental transaction growth despite ongoing market volatility. The firm continues to focus on enhancing operational efficiency through technology and talent investments, while also highlighting potential impacts from interest rate fluctuations and economic uncertainties.
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