RealReal (NASDAQ:REAL) CFO Sells $323,962.75 in Stock

The RealReal, Inc. (NASDAQ:REAL) CFO Gopal Ajay Madan sold 35,023 shares of RealReal stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $9.25, for a total transaction of $323,962.75. Following the sale, the chief financial officer directly owned 1,145,278 shares of the company’s stock, valued at $10,593,821.50. This represents a 2.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Gopal Ajay Madan also recently made the following trade(s):

• On Thursday, March 19th, Gopal Ajay Madan sold 51,585 shares of RealReal stock. The stock was sold at an average price of $9.29, for a total value of $479,224.65.
• On Monday, February 23rd, Gopal Ajay Madan sold 31,381 shares of RealReal stock. The shares were sold at an average price of $10.72, for a total value of $336,404.32.

RealReal Stock Performance

REAL traded down $0.07 during midday trading on Friday, reaching $9.20. 2,117,230 shares of the company were exchanged, compared to its average volume of 3,423,807. The RealReal, Inc. has a one year low of $4.70 and a one year high of $17.39. The stock has a market capitalization of $1.11 billion, a P/E ratio of -9.02 and a beta of 2.84. The stock’s 50-day simple moving average is $10.19 and its 200 day simple moving average is $12.65.

RealReal (NASDAQ:REAL) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $189.72 million during the quarter, compared to the consensus estimate of $187.82 million. The business’s revenue was up 18.5% compared to the same quarter last year. During the same period last year, the company earned ($0.08) earnings per share. On average, research analysts anticipate that The RealReal, Inc. will post -0.19 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. KeyCorp increased their price target on RealReal from $16.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. Robert W. Baird set a $13.00 price objective on RealReal in a report on Friday, May 8th. Roth Mkm set a $17.00 price objective on RealReal in a research report on Friday, May 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of RealReal in a research note on Tuesday, April 21st. Finally, Wall Street Zen lowered shares of RealReal from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.25.

Institutional Trading of RealReal

Institutional investors have recently modified their holdings of the company. Divisadero Street Capital Management LP grew its holdings in shares of RealReal by 652.5% during the third quarter. Divisadero Street Capital Management LP now owns 2,599,801 shares of the company’s stock worth $27,636,000 after buying an additional 2,254,300 shares in the last quarter. American Century Companies Inc. lifted its stake in RealReal by 3,474.7% in the 3rd quarter. American Century Companies Inc. now owns 1,837,907 shares of the company’s stock valued at $19,537,000 after acquiring an additional 1,786,493 shares in the last quarter. Jupiter Asset Management Ltd. lifted its stake in RealReal by 501.0% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,961,057 shares of the company’s stock valued at $20,846,000 after acquiring an additional 1,634,782 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in RealReal by 58.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,049,042 shares of the company’s stock worth $36,765,000 after acquiring an additional 1,489,939 shares during the last quarter. Finally, Penn Capital Management Company LLC bought a new position in shares of RealReal during the 3rd quarter worth approximately $12,585,000. 64.73% of the stock is currently owned by institutional investors.

About RealReal

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.