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CERRITOS, CA—MMMK Development, Inc., a significant shareholder of Revolve Group , Inc. (NYSE:RVLV), recently executed a series of transactions involving the company’s Class A common stock. According to a Form 4 filing with the Securities and Exchange Commission, MMMK Development sold shares totaling approximately $5.36 million over several days in late January. The sales come as Revolve Group, currently valued at $2.13 billion, trades near $30 per share, showing significant momentum with a 100% return over the past year. InvestingPro analysis indicates the stock is trading above its Fair Value, with multiple indicators suggesting high volatility in price movements.
On January 27, MMMK Development sold 40,036 shares at an average price of $30.86, followed by an additional sale of 4,926 shares at $31.50. The following day, the firm sold 50,066 shares at $30.71 and 12,969 shares at $31.29. On January 29, MMMK Development completed sales of 60,452 shares at $30.36, 5,581 shares at $31.66, and 380 shares at $32.08.
These transactions were carried out under a pre-established Rule 10b5-1 trading plan, which allows insiders to set up a predetermined schedule for selling stocks. After the completion of these transactions, MMMK Development’s holdings in Revolve Group were reduced to zero shares.
In other recent news, Revolve Group has been the focus of significant financial developments. The company’s third-quarter results showed a 10% year-over-year increase in net sales, reaching $283 million. Net income also rose notably, hitting $11 million, up from $3 million in the same quarter of the previous year. Adjusted EBITDA grew by 85% to reach $18 million.
KeyBanc Capital Markets recently upgraded Revolve’s stock rating from Sector Weight to Overweight, setting a price target of $37.00. This upgrade was based on increased confidence in the company’s prospects and anticipation of its fourth-quarter results. Stifel maintained a Buy rating on Revolve’s shares, with a price target of $41, citing expectations of a top and bottom line beat in the upcoming fourth-quarter earnings.
In addition to these financial highlights, Revolve Group has been investing in AI technology and international expansion. The company plans to open a Revolve Holiday Shop and a flagship store by mid-2025. These recent developments reflect the company’s ongoing growth and market position.
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