Insight Holdings Group LLC Sells 438,706 Shares of The Real Brokerage Inc. (NASDAQ:REAX)

Insight Holdings Group LLC decreased its position in shares of The Real Brokerage Inc. (NASDAQ:REAX) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,134,990 shares of the company’s stock after selling 438,706 shares during the quarter. Real Brokerage comprises 10.2% of Insight Holdings Group LLC’s holdings, making the stock its 3rd largest holding. Insight Holdings Group LLC owned 0.17% of Real Brokerage worth $157,021,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Jane Street Group LLC increased its position in shares of Real Brokerage by 488.7% during the third quarter. Jane Street Group LLC now owns 134,089 shares of the company’s stock worth $744,000 after acquiring an additional 111,312 shares in the last quarter. Barclays PLC grew its holdings in Real Brokerage by 337.7% during the third quarter. Barclays PLC now owns 141,188 shares of the company’s stock worth $782,000 after buying an additional 108,928 shares in the last quarter. JPMorgan Chase & Co. raised its position in Real Brokerage by 607.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 631,916 shares of the company’s stock valued at $3,507,000 after buying an additional 542,653 shares during the last quarter. Franklin Resources Inc. bought a new position in Real Brokerage during the 3rd quarter valued at $138,000. Finally, Principal Financial Group Inc. boosted its holdings in Real Brokerage by 463.8% during the 3rd quarter. Principal Financial Group Inc. now owns 72,467 shares of the company’s stock worth $402,000 after acquiring an additional 59,614 shares during the last quarter. 53.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Jones Trading reissued a “buy” rating and set a $6.00 price target on shares of Real Brokerage in a research report on Thursday, March 6th.

Real Brokerage Stock Performance

Shares of NASDAQ:REAX opened at $4.59 on Monday. The Real Brokerage Inc. has a fifty-two week low of $3.55 and a fifty-two week high of $6.75. The company’s 50-day moving average is $4.58 and its 200 day moving average is $4.89. The company has a market capitalization of $907.69 million, a P/E ratio of -25.50 and a beta of 1.13.

Real Brokerage (NASDAQ:REAX) last released its earnings results on Thursday, March 6th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. The firm had revenue of $350.63 million during the quarter, compared to the consensus estimate of $300.11 million. As a group, research analysts predict that The Real Brokerage Inc. will post -0.1 earnings per share for the current year.

Real Brokerage Company Profile

The Real Brokerage Inc, together with its subsidiaries, operates as a real estate technology company in the United States and Canada. It operates in three segments: North American Brokerage, Real Title, and One Real Mortgage. It offers brokerage, title, and mortgage broker services. The company is based in Miami, Florida.