Mmmk Development, which holds a roughly ten percent stake in Revolve Group, Inc. (NYSE: RVLV), reported the sale of 17,593 shares of Class A Common Stock for an aggregate amount near $459,315, according to a Form 4 filing with the Securities and Exchange Commission.
The disposition was completed in two separate tranches, with reported transaction prices spanning $25.86 to $26.83. The filing details that on February 11, 2026, Mmmk Development sold 15,645 shares at a price of $26.13. The following day, February 12, 2026, it sold an additional 1,948 shares at $25.93.
The Form 4 also shows corresponding share conversions: on February 11 and February 12, 2026, Mmmk Development converted 15,645 and 1,948 shares of Class B Common Stock into Class A Common Stock, respectively.
These insider transactions come as RVLV's market performance has shown pressure over the past week, with InvestingPro data cited in the filing note indicating the stock has declined and the relative strength index (RSI) currently points toward oversold conditions. At the same time, the company is described as maintaining a strong balance sheet, with more cash on hand than outstanding debt.
Recent company developments and analyst activity
Revolve Group has also been active operationally. The company opened a new flagship store at The Grove in Los Angeles - a two-story location encompassing 8,450 square feet. The store presents merchandise from both the REVOLVE and FWRD brands, with contemporary assortments on the ground floor and luxury offerings on the second floor.
Alongside the retail expansion, several investment firms have revised their outlooks on the stock. Jefferies raised its price target to $34, citing the company’s AI-driven technology stack as a key element in better performance, specifically highlighting inventory management and promotional execution. Stifel boosted its price target to $33, pointing to potential opportunities for lifestyle brands amid macroeconomic uncertainties. BTIG maintained a Buy rating with a $30 price target after meeting with Revolve’s management team, including Co-Founder and Co-CEO Mike Karanikolas.
Collectively, the insider sale, technical indicators, balance-sheet commentary, retail expansion and analyst revisions paint a mixed picture: an operationally active company with positive analyst sentiment juxtaposed against recent share-price weakness and insider selling activity.
Clear summary
Mmmk Development sold 17,593 Revolve Group Class A shares for about $459,315 in two transactions on February 11-12, 2026, following conversions of Class B shares into Class A. The stock has weakened recently and shows oversold technical readings even as the company opened a new flagship store in Los Angeles and several analysts raised price targets or reiterated positive ratings.
Key points
- Mmmk Development, a ten percent owner of Revolve Group, sold 17,593 Class A shares for approximately $459,315, according to a Form 4 filing with the SEC.
- The trades occurred Feb. 11-12, 2026, with specific sales of 15,645 shares at $26.13 and 1,948 shares at $25.93; equivalent Class B shares were converted to Class A on those same dates.
- Revolve expanded its brick-and-mortar presence with an 8,450-square-foot flagship at The Grove in Los Angeles as multiple analysts raised or maintained price targets, citing strengths including an AI-driven tech stack and opportunities for lifestyle brands.
Risks and uncertainties
- Recent share-price weakness and an RSI signal showing the stock in oversold territory could indicate near-term volatility for investors in the consumer discretionary and retail sectors.
- Insider selling, while factual, may be interpreted in different ways by market participants and could influence sentiment in the equity markets for RVLV.
- Macro-level uncertainties referenced by analysts may affect demand for lifestyle and apparel brands, introducing execution and revenue risks for companies in the retail and consumer discretionary sectors.