The RealReal, Inc. (NASDAQ:REAL – Get Free Report) CFO Gopal Ajay Madan sold 35,023 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $9.25, for a total transaction of $323,962.75. Following the completion of the transaction, the chief financial officer directly owned 1,145,278 shares in the company, valued at approximately $10,593,821.50. This represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
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 shares were sold at an average price of $9.29, for a total transaction of $479,224.65.
- On Monday, February 23rd, Gopal Ajay Madan sold 31,381 shares of RealReal stock. The stock was sold at an average price of $10.72, for a total transaction of $336,404.32.
RealReal Trading Down 0.8%
Shares of REAL opened at $9.20 on Friday. The RealReal, Inc. has a 12 month low of $4.70 and a 12 month high of $17.39. The firm’s 50 day moving average is $10.17 and its 200-day moving average is $12.62. The stock has a market capitalization of $1.11 billion, a PE ratio of -9.02 and a beta of 2.84.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in REAL. Divisadero Street Capital Management LP increased its stake in RealReal by 652.5% in 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 acquiring an additional 2,254,300 shares during the last quarter. American Century Companies Inc. increased its stake in RealReal by 3,474.7% in the third 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 during the last quarter. Jupiter Asset Management Ltd. increased its stake in RealReal by 501.0% in the third 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 during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in RealReal by 58.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,049,042 shares of the company’s stock valued at $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 RealReal in the third quarter valued at approximately $12,585,000. 64.73% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the stock. Roth Mkm set a $17.00 target price on shares of RealReal in a report on Friday, May 8th. UBS Group lowered their target price on shares of RealReal from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Robert W. Baird set a $13.00 target price on shares of RealReal in a report on Friday, May 8th. BTIG Research lowered their target price on shares of RealReal from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of RealReal in a research note on Tuesday, April 21st. 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 issued a Sell rating to the stock. According to data from MarketBeat, RealReal presently has an average rating of “Moderate Buy” and an average price target of $17.25.
Get Our Latest Stock Analysis on RealReal
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.
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