Insider Selling: RealReal (NASDAQ:REAL) CAO Sells 16,962 Shares of Stock

The RealReal, Inc. (NASDAQ:REAL) CAO Steve Ming Lo sold 16,962 shares of the stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $10.72, for a total transaction of $181,832.64. Following the transaction, the chief accounting officer owned 170,236 shares of the company’s stock, valued at $1,824,929.92. This represents a 9.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

RealReal Price Performance

Shares of REAL traded up $0.64 during trading hours on Tuesday, hitting $11.61. The company’s stock had a trading volume of 4,280,808 shares, compared to its average volume of 2,869,868. The business has a 50 day simple moving average of $14.74 and a two-hundred day simple moving average of $12.30. The RealReal, Inc. has a 52-week low of $4.61 and a 52-week high of $17.39. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -8.41 and a beta of 2.65.

Institutional Investors Weigh In On RealReal

Several hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC increased its holdings in shares of RealReal by 589.2% in the 1st quarter. AQR Capital Management LLC now owns 887,997 shares of the company’s stock worth $4,786,000 after buying an additional 759,160 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of RealReal by 6.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,437 shares of the company’s stock valued at $326,000 after buying an additional 3,500 shares in the last quarter. Millennium Management LLC lifted its position in RealReal by 1.9% in the 1st quarter. Millennium Management LLC now owns 883,690 shares of the company’s stock worth $4,763,000 after buying an additional 16,136 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in RealReal in the 2nd quarter worth approximately $175,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in RealReal in the second quarter worth approximately $1,332,000. 64.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on REAL. Wall Street Zen cut RealReal from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. William Blair began coverage on RealReal in a research note on Monday, December 15th. They issued an “outperform” rating for the company. UBS Group upped their price target on RealReal from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. BTIG Research boosted their price objective on shares of RealReal from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, December 30th. Finally, B. Riley Financial increased their target price on shares of RealReal from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, RealReal currently has an average rating of “Moderate Buy” and an average price target of $17.94.

RealReal Company Profile

The RealReal, Inc (NASDAQ: REAL) operates an online marketplace specializing in the authenticated resale of luxury goods. Since its founding in 2011 by entrepreneur Julie Wainwright, the company has positioned itself as a leading platform for consignors and shoppers seeking designer fashion, fine jewelry, watches, art, and home décor. Headquartered in San Francisco, The RealReal combines e-commerce technology with an in-house team of experts to offer a seamless buying and selling experience for secondhand luxury items.

At the core of The RealReal’s business model is its consignment service, which enables individuals to sell pre-owned luxury products through a fully managed process.