Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente Sells 65,722 Shares of Stock

Revolve Group, Inc. (NYSE:RVLV) CEO Michael Mente sold 65,722 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $30.10, for a total value of $1,978,232.20. Following the sale, the chief executive officer now directly owns 73,000 shares in the company, valued at approximately $2,197,300. This trade represents a 47.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Michael Mente also recently made the following trade(s):

• On Friday, February 14th, Michael Mente sold 67,118 shares of Revolve Group stock. The stock was sold at an average price of $30.91, for a total value of $2,074,617.38.
• On Wednesday, January 29th, Michael Mente sold 66,413 shares of Revolve Group stock. The stock was sold at an average price of $30.48, for a total value of $2,024,268.24.
• On Monday, January 27th, Michael Mente sold 44,962 shares of Revolve Group stock. The stock was sold at an average price of $30.93, for a total value of $1,390,674.66.
• On Friday, January 10th, Michael Mente sold 69,605 shares of Revolve Group stock. The stock was sold at an average price of $29.77, for a total value of $2,072,140.85.
• On Wednesday, January 8th, Michael Mente sold 45,987 shares of Revolve Group stock. The stock was sold at an average price of $30.50, for a total value of $1,402,603.50.
• On Friday, December 20th, Michael Mente sold 62,441 shares of Revolve Group stock. The stock was sold at an average price of $34.20, for a total value of $2,135,482.20.
• On Wednesday, December 18th, Michael Mente sold 76,835 shares of Revolve Group stock. The stock was sold at an average price of $34.14, for a total value of $2,623,146.90.
• On Wednesday, December 4th, Michael Mente sold 98,429 shares of Revolve Group stock. The stock was sold at an average price of $34.87, for a total value of $3,432,219.23.
• On Monday, December 2nd, Michael Mente sold 90,266 shares of Revolve Group stock. The shares were sold at an average price of $35.80, for a total value of $3,231,522.80.
• On Friday, November 22nd, Michael Mente sold 71,463 shares of Revolve Group stock. The shares were sold at an average price of $35.20, for a total value of $2,515,497.60.

Revolve Group Price Performance

NYSE RVLV opened at $30.97 on Friday. The business has a 50 day simple moving average of $32.30 and a 200 day simple moving average of $28.48. Revolve Group, Inc. has a one year low of $14.87 and a one year high of $39.58. The stock has a market capitalization of $2.19 billion, a P/E ratio of 55.30, a P/E/G ratio of 1.57 and a beta of 2.17.

Institutional Investors Weigh In On Revolve Group

Several large investors have recently added to or reduced their stakes in RVLV. Farther Finance Advisors LLC grew its stake in Revolve Group by 249.7% during the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock worth $28,000 after purchasing an additional 804 shares during the period. Venturi Wealth Management LLC grew its stake in Revolve Group by 1,302.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock worth $45,000 after purchasing an additional 1,250 shares during the period. Sugar Maple Asset Management LLC acquired a new stake in Revolve Group during the fourth quarter worth approximately $50,000. Northwest & Ethical Investments L.P. acquired a new stake in Revolve Group during the fourth quarter worth approximately $87,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Revolve Group during the fourth quarter worth approximately $117,000. Institutional investors and hedge funds own 67.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on RVLV. Piper Sandler increased their target price on Revolve Group from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Evercore ISI increased their target price on Revolve Group from $21.00 to $33.00 and gave the company an “in-line” rating in a research report on Wednesday, November 6th. BTIG Research increased their target price on Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. KeyCorp upgraded Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 target price for the company in a research report on Thursday, January 23rd. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $26.00 price target (up previously from $17.00) on shares of Revolve Group in a research note on Monday, October 21st. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $29.60.

Revolve Group Company Profile

Revolve Group, Inc operates as an online fashion retailer for millennial and generation z consumers in the United States and internationally. The company operates in two segments, REVOLVE and FWRD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.