RealNetworks, Inc. (NASDAQ:RNWK) SVP Michael Parham sold 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $4.47, for a total transaction of $31,290.00. Following the sale, the senior vice president now owns 19,848 shares in the company, valued at $88,720.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
RealNetworks, Inc. (NASDAQ RNWK) traded up $0.12 during mid-day trading on Friday, hitting $4.14. 120,146 shares of the company were exchanged, compared to its average volume of 46,975. RealNetworks, Inc. has a 12-month low of $3.90 and a 12-month high of $5.45.
RealNetworks (NASDAQ:RNWK) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported ($0.11) EPS for the quarter. The company had revenue of $30.00 million during the quarter. RealNetworks had a negative net margin of 21.67% and a negative return on equity of 32.64%.
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Separately, B. Riley restated a “buy” rating and set a $6.50 target price on shares of RealNetworks in a research note on Sunday, July 23rd.
A number of institutional investors have recently made changes to their positions in the business. State Street Corp increased its stake in RealNetworks by 6.2% in the second quarter. State Street Corp now owns 470,564 shares of the technology company’s stock valued at $2,038,000 after purchasing an additional 27,268 shares during the last quarter. Northern Trust Corp increased its stake in RealNetworks by 18.0% in the second quarter. Northern Trust Corp now owns 291,171 shares of the technology company’s stock valued at $1,260,000 after purchasing an additional 44,387 shares during the last quarter. New York State Common Retirement Fund increased its stake in RealNetworks by 18.5% in the second quarter. New York State Common Retirement Fund now owns 785,611 shares of the technology company’s stock valued at $3,402,000 after purchasing an additional 122,399 shares during the last quarter. Teachers Advisors LLC increased its stake in RealNetworks by 21.6% in the second quarter. Teachers Advisors LLC now owns 39,183 shares of the technology company’s stock valued at $170,000 after purchasing an additional 6,956 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in RealNetworks by 19.1% in the second quarter. Prudential Financial Inc. now owns 167,654 shares of the technology company’s stock valued at $726,000 after purchasing an additional 26,900 shares during the last quarter. Institutional investors own 51.53% of the company’s stock.
RealNetworks, Inc creates applications and services that enable to connect with digital media. The Company connects consumers with their digital media directly and through partners, focusing on supporting various network, devices, media types and social networks. It operates through three segments: Consumer Media, Mobile Services and Games.
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