Revolve Group, Inc. (NYSE:RVLV) Shares Sold by Kamunting Street Capital Management L.P.

Kamunting Street Capital Management L.P. cut its stake in Revolve Group, Inc. (NYSE:RVLV - Free Report) by 75.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,000 shares of the company's stock after selling 30,000 shares during the quarter. Revolve Group comprises approximately 0.3% of Kamunting Street Capital Management L.P.'s investment portfolio, making the stock its 14th biggest position. Kamunting Street Capital Management L.P.'s holdings in Revolve Group were worth $335,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Federated Hermes Inc. lifted its position in Revolve Group by 205.6% in the fourth quarter. Federated Hermes Inc. now owns 237,314 shares of the company's stock valued at $7,948,000 after buying an additional 159,655 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Revolve Group by 83.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 349,670 shares of the company's stock worth $8,665,000 after acquiring an additional 158,960 shares during the last quarter. EAM Global Investors LLC purchased a new position in shares of Revolve Group during the 4th quarter worth approximately $4,440,000. Teacher Retirement System of Texas purchased a new stake in Revolve Group in the fourth quarter valued at approximately $4,185,000. Finally, EAM Investors LLC purchased a new position in shares of Revolve Group during the fourth quarter worth $3,969,000. Hedge funds and other institutional investors own 67.60% of the company's stock.

Revolve Group Trading Down 2.0 %

Shares of RVLV traded down $0.41 during mid-day trading on Friday, hitting $20.39. 534,745 shares of the company's stock were exchanged, compared to its average volume of 1,105,110. The business's 50 day moving average is $22.66 and its two-hundred day moving average is $28.45. The firm has a market capitalization of $1.45 billion, a P/E ratio of 36.41, a P/E/G ratio of 1.48 and a beta of 2.10. Revolve Group, Inc. has a fifty-two week low of $14.87 and a fifty-two week high of $39.58.

Insider Buying and Selling at Revolve Group

In other Revolve Group news, CEO Michael Karanikolas sold 12,566 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $25.94, for a total transaction of $325,962.04. Following the transaction, the chief executive officer now owns 123,000 shares in the company, valued at approximately $3,190,620. The trade was a 9.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael Mente sold 44,962 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $30.93, for a total value of $1,390,674.66. Following the completion of the sale, the chief executive officer now directly owns 73,000 shares of the company's stock, valued at $2,257,890. This represents a 38.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 256,781 shares of company stock worth $7,793,755. 46.56% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on RVLV. Jefferies Financial Group raised Revolve Group from a "hold" rating to a "buy" rating and set a $30.00 target price on the stock in a research note on Friday, March 14th. Barclays raised their price objective on shares of Revolve Group from $25.00 to $26.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Morgan Stanley dropped their price objective on shares of Revolve Group from $29.00 to $21.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Stifel Nicolaus decreased their price target on shares of Revolve Group from $40.00 to $28.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Roth Mkm reaffirmed a "buy" rating and set a $36.00 price objective (up previously from $35.00) on shares of Revolve Group in a research report on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Revolve Group currently has a consensus rating of "Moderate Buy" and an average target price of $28.53.

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.