Co-Chief Executive Officer Michael Mente sold 15,972 shares of Revolve Group, Inc. Class A Common Stock on April 9, 2026, bringing in approximately $413,674. The shares were transacted at prices ranging from $25.86 to $25.975.
The disposition was executed indirectly through MMMK Development, Inc., where Mente holds an ownership stake and shares voting and dispositive authority. The sale was carried out pursuant to a Rule 10b5-1 trading plan that Mente adopted on May 29, 2025.
Also on April 9, 2026, Mente converted 15,972 shares of Class B Common Stock into the same number of Class A shares, a corporate action recorded alongside the sale.
At the time of the sale, the traded prices were near the then-current market quote of $25.06 per share, and the company reported a market capitalization of $1.79 billion.
Market research from InvestingPro included in the public record describes the shares as trading below their Fair Value at current levels. That analysis notes Revolve has more cash than debt on its balance sheet and assigns the company a "GOOD" financial health score, while also flagging that the stock has experienced notable price volatility. InvestingPro additionally indicates that a Pro Research Report covering Revolve is available as part of its coverage universe.
Outside of the insider transaction, a number of brokerages have issued recent updates and the company has disclosed corporate developments:
- Piper Sandler increased its price target for Revolve to $30 and maintained an Overweight rating, citing strong sales growth and improved margins as factors behind the company s market share gains in the contemporary luxury segment.
- TD Cowen revised its price target to $28 from $35 while retaining a Buy rating, noting that elevated spending is pressuring near-term margins but could support longer-term brand growth.
- Stifel reaffirmed its Buy rating and set a $33 price target after conversations with company management about future business drivers.
On the product and governance fronts, Revolve has launched its first in-house apparel and accessories collection, REVOLVE Los Angeles, offering luxury items exclusively through its platforms. The company also named Erinn Murphy to its board of directors and designated her as chair of the Audit Committee; her background includes roles at Crocs and Piper Sandler, bringing additional financial expertise to the board.
These developments - the insider sale and conversion, analyst target adjustments, the new private label launch, and the audit committee appointment - together provide a snapshot of recent activity at Revolve. The immediate facts are limited to the transactions, the disclosures regarding the 10b5-1 plan and MMMK Development, the market metrics cited, InvestingPro s summarized analysis, and the broker and corporate actions reported.
Readers should note that this report confines itself to the public details disclosed about the trade, the conversion, analyst updates, and the company announcements cited above. No additional interpretation beyond those disclosures is provided here.