Levesque Rati Sahi Sells 121,399 Shares of RealReal (NASDAQ:REAL) Stock

The RealReal, Inc. (NASDAQ:REAL) CEO Levesque Rati Sahi sold 121,399 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $10.72, for a total value of $1,301,397.28. Following the sale, the chief executive officer directly owned 1,482,779 shares of the company’s stock, valued at $15,895,390.88. This represents a 7.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

RealReal Trading Up 5.8%

Shares of NASDAQ REAL traded up $0.64 during mid-day trading on Tuesday, reaching $11.61. The company had a trading volume of 4,280,808 shares, compared to its average volume of 2,869,868. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of -8.41 and a beta of 2.65. The business’s 50-day moving average is $14.74 and its 200-day moving average is $12.30. 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 subject of a number of research analyst reports. KeyCorp lifted their target price on RealReal from $16.00 to $20.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. Robert W. Baird set a $15.00 price target on RealReal in a research note on Wednesday, December 17th. BTIG Research upped 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. Wall Street Zen cut shares of RealReal from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, William Blair began coverage on shares of RealReal in a report on Monday, December 15th. They issued an “outperform” rating for the company. 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 issued a Sell rating to the company. According to data from MarketBeat, RealReal presently has a consensus rating of “Moderate Buy” and an average target price of $17.94.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in RealReal by 6.9% during the 4th quarter. Vanguard Group Inc. now owns 6,336,596 shares of the company’s stock valued at $99,991,000 after buying an additional 406,789 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of RealReal by 3.4% during the second quarter. Marshall Wace LLP now owns 4,321,577 shares of the company’s stock valued at $20,700,000 after acquiring an additional 143,165 shares in the last quarter. State Street Corp raised its position in shares of RealReal by 4.2% in the 4th quarter. State Street Corp now owns 2,746,238 shares of the company’s stock valued at $43,336,000 after purchasing an additional 111,677 shares during the last quarter. Two Sigma Investments LP raised its position in shares of RealReal by 6.6% in the 3rd quarter. Two Sigma Investments LP now owns 2,628,770 shares of the company’s stock valued at $27,944,000 after purchasing an additional 162,804 shares during the last quarter. Finally, Divisadero Street Capital Management LP boosted its stake in RealReal by 652.5% in the 3rd quarter. Divisadero Street Capital Management LP now owns 2,599,801 shares of the company’s stock worth $27,636,000 after purchasing an additional 2,254,300 shares in the last quarter. 64.73% of the stock is currently owned by hedge funds and other 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.