RealNetworks, Inc. (NASDAQ:RNWK) Major Stockholder Acquires $69,436.30 in Stock


RealNetworks, Inc. (NASDAQ: RNWK – Get Rating), the principal shareholder of Mill Opportunity Fund Caldwell, purchased 113,830 shares of the company in a transaction that took place on Tuesday, May 31. The shares were acquired at an average cost of $0.61 per share, for a total transaction of $69,436.30. Following the transaction, the insider now owns 2,502,782 shares of the company, valued at approximately $1,526,697.02. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. Major shareholders who own at least 10% of a company’s stock are required to disclose their sales and purchases to the SEC.

Mill Opportunity Fund Caldwell also recently completed the following transactions:

  • On Tuesday, May 24, Mill Opportunity Fund Caldwell purchased 23,741 RealNetworks shares. The shares were acquired at an average cost of $0.60 per share, for a total transaction of $14,244.60.

Shares of RealNetworks rose $0.01 in Thursday’s midday session, hitting $0.64. 174,830 shares were traded, against an average volume of 278,253. RealNetworks, Inc. has a 12-month low of $0.46 and a 12-month high of $2.80. The company has a 50-day simple moving average of $0.56 and a 200-day simple moving average of $0.77. The company has a market capitalization of $30.35 million, a P/E ratio of -1.81 and a beta of 1.49.

RealNetworks (NASDAQ:RNWK – Get Rating) last released its results on Wednesday, May 4. The technology company reported EPS ($0.11) for the quarter. RealNetworks had a negative return on equity of 33.51% and a negative net margin of 30.16%. The company had revenue of $13.28 million for the quarter.

Several institutional investors have recently bought and sold shares of the company. CM Management LLC increased its position in RealNetworks shares by 39.2% during the 1st quarter. CM Management LLC now owns 2,018,629 shares of the technology company worth $1,171,000 after purchasing an additional 568,629 shares last quarter. Norges Bank purchased a new stake in shares of RealNetworks during Q4 for a value of approximately $187,000. Pinnacle Wealth Management LLC purchased a new equity stake in RealNetworks during Q4 for approximately $1,028,000. Virtu Financial LLC purchased a new stake in shares of RealNetworks during Q4 for a value of approximately $114,000. Finally, Renaissance Technologies LLC increased its shareholding in RealNetworks by 26.4% during the 4th quarter. Renaissance Technologies LLC now owns 1,958,258 shares of the technology company worth $1,919,000 after buying 409,386 additional shares in the last quarter. 23.74% of the shares are currently held by hedge funds and other institutional investors.

Separately, StockNews.com began covering RealNetworks shares in a research report on Sunday. They issued a “holding” rating on the stock.

About RealNetworks (Get a rating)

RealNetworks, Inc provides digital media software and services in the United States, Europe and worldwide. Its Consumer Media segment offers the RealPlayer media player, software that enables consumers to discover, play, download, manage and edit digital video, stream audio and video, download and play ‘save photos and videos from the web, upload and share content on social networks. , and edit their own photo and video content.

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