Insider Selling: RealReal (NASDAQ:REAL) CEO Sells 81,194 Shares of Stock

The RealReal, Inc. (NASDAQ:REALGet Free Report) CEO Levesque Rati Sahi sold 81,194 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $9.25, for a total value of $751,044.50. Following the transaction, the chief executive officer directly owned 1,581,276 shares in the company, valued at $14,626,803. This trade represents a 4.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Levesque Rati Sahi also recently made the following trade(s):

  • On Monday, February 23rd, Levesque Rati Sahi sold 121,399 shares of RealReal stock. The shares were sold at an average price of $10.72, for a total transaction of $1,301,397.28.

RealReal Trading Down 0.8%

Shares of NASDAQ:REAL traded down $0.07 during trading on Friday, hitting $9.20. 2,117,230 shares of the company’s stock were exchanged, compared to its average volume of 3,423,807. The firm has a market cap of $1.11 billion, a P/E ratio of -9.02 and a beta of 2.84. The firm has a 50-day moving average price of $10.19 and a two-hundred day moving average price of $12.65. The RealReal, Inc. has a 1-year low of $4.70 and a 1-year high of $17.39.

RealReal (NASDAQ:REALGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $189.72 million during the quarter, compared to analyst estimates of $187.82 million. During the same quarter in the prior year, the company earned ($0.08) earnings per share. The company’s quarterly revenue was up 18.5% on a year-over-year basis. As a group, research analysts predict that The RealReal, Inc. will post -0.19 EPS for the current year.

Institutional Trading of RealReal

Large investors have recently made changes to their positions in the company. KBC Group NV acquired a new position in RealReal in the first quarter valued at about $26,000. Quarry LP bought a new position in shares of RealReal during the 3rd quarter valued at about $28,000. Larson Financial Group LLC bought a new position in shares of RealReal during the 3rd quarter valued at about $31,000. Gables Capital Management Inc. acquired a new position in shares of RealReal in the 1st quarter valued at approximately $35,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of RealReal by 25.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,253 shares of the company’s stock valued at $57,000 after purchasing an additional 1,253 shares during the period. Institutional investors own 64.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on REAL. KeyCorp lifted their price objective on RealReal from $16.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, January 22nd. BTIG Research reduced their target price on RealReal from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, May 8th. UBS Group decreased their target price on RealReal from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Robert W. Baird set a $13.00 price target on RealReal in a research note on Friday, May 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, RealReal currently has a consensus rating of “Moderate Buy” and an average target price of $17.25.

Check Out Our Latest Report on REAL

RealReal Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for RealReal (NASDAQ:REAL)

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