RealReal (NASDAQ:REAL) CFO Sells $336,404.32 in Stock

The RealReal, Inc. (NASDAQ:REAL) CFO Gopal Ajay Madan sold 31,381 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $10.72, for a total value of $336,404.32. Following the completion of the transaction, the chief financial officer directly owned 1,124,711 shares in the company, valued at $12,056,901.92. This trade represents a 2.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, November 26th, Gopal Ajay Madan sold 28,520 shares of RealReal stock. The stock was sold at an average price of $14.73, for a total value of $420,099.60.

RealReal Stock Up 5.8%

REAL traded up $0.64 during midday trading on Tuesday, hitting $11.61. 4,280,808 shares of the company traded hands, compared to its average volume of 2,869,868. The company’s 50-day moving average is $14.74 and its 200 day moving average is $12.30. The firm has a market capitalization of $1.35 billion, a PE ratio of -8.41 and a beta of 2.65. The RealReal, Inc. has a 52 week low of $4.61 and a 52 week high of $17.39.

Wall Street Analyst Weigh In

REAL has been the topic of a number of research reports. Robert W. Baird set a $15.00 price target on RealReal in a research note on Wednesday, December 17th. Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a research note on Thursday, January 22nd. BTIG Research increased their price objective on shares of RealReal from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, December 30th. Roth Mkm set a $17.50 target price on shares of RealReal and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, Wells Fargo & Company increased their price target on shares of RealReal from $15.00 to $20.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. One investment 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, RealReal presently has an average rating of “Moderate Buy” and an average target price of $17.94.

Institutional Investors Weigh In On RealReal

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Divisadero Street Capital Management LP lifted its holdings in RealReal by 652.5% during the third quarter. Divisadero Street Capital Management LP now owns 2,599,801 shares of the company’s stock valued at $27,636,000 after purchasing an additional 2,254,300 shares in the last quarter. American Century Companies Inc. raised its position in shares of RealReal by 3,474.7% during the 3rd quarter. American Century Companies Inc. now owns 1,837,907 shares of the company’s stock valued at $19,537,000 after purchasing an additional 1,786,493 shares during the period. Jupiter Asset Management Ltd. lifted its stake in shares of RealReal by 501.0% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,961,057 shares of the company’s stock valued at $20,846,000 after buying an additional 1,634,782 shares in the last quarter. Penn Capital Management Company LLC bought a new position in RealReal in the 3rd quarter worth $12,585,000. Finally, BIT Capital GmbH purchased a new stake in RealReal in the 3rd quarter worth $10,912,000. Institutional investors own 64.73% of the company’s stock.

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.