Insider Selling: Marcus & Millichap, Inc. (NYSE:MMI) CEO Sells $32,024.00 in Stock

Marcus & Millichap, Inc. (NYSE:MMI) CEO Hessam Nadji sold 800 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $40.03, for a total transaction of $32,024.00. Following the completion of the sale, the chief executive officer now owns 223,323 shares in the company, valued at approximately $8,939,619.69. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Hessam Nadji also recently made the following trade(s):

• On Friday, July 12th, Hessam Nadji sold 15,000 shares of Marcus & Millichap stock. The shares were sold at an average price of $35.27, for a total transaction of $529,050.00.

Marcus & Millichap Stock Performance

NYSE:MMI opened at $39.87 on Monday. Marcus & Millichap, Inc. has a 52 week low of $26.81 and a 52 week high of $44.24. The firm has a 50-day moving average price of $33.08 and a two-hundred day moving average price of $34.31. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of -39.87 and a beta of 1.12.

Marcus & Millichap (NYSE:MMI) last released its earnings results on Wednesday, May 8th. The real estate investment trust reported ($0.26) earnings per share for the quarter. Marcus & Millichap had a negative net margin of 6.16% and a negative return on equity of 5.91%. The company had revenue of $129.10 million for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Jennison Associates LLC boosted its holdings in Marcus & Millichap by 109.1% in the 4th quarter. Jennison Associates LLC now owns 466,327 shares of the real estate investment trust’s stock worth $20,369,000 after buying an additional 243,281 shares during the period. Norges Bank bought a new position in Marcus & Millichap in the 4th quarter worth approximately $6,826,000. Schroder Investment Management Group boosted its holdings in Marcus & Millichap by 2.4% in the 4th quarter. Schroder Investment Management Group now owns 1,099,876 shares of the real estate investment trust’s stock worth $48,043,000 after buying an additional 25,982 shares during the period. Tributary Capital Management LLC boosted its holdings in Marcus & Millichap by 10.6% in the 1st quarter. Tributary Capital Management LLC now owns 658,266 shares of the real estate investment trust’s stock worth $22,493,000 after buying an additional 62,946 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Marcus & Millichap by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 3,841,718 shares of the real estate investment trust’s stock worth $167,806,000 after buying an additional 37,821 shares during the period. 62.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Marcus & Millichap from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th.

Marcus & Millichap Company Profile

Marcus & Millichap, Inc, an investment brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada. The company offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing, as well as capital markets.