Insider Selling: RealReal (NASDAQ:REAL) CEO Sells 84,432 Shares

The RealReal, Inc. (NASDAQ:REAL) CEO Levesque Rati Sahi sold 84,432 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $10.98, for a total value of $927,063.36. Following the transaction, the chief executive officer directly owned 1,496,844 shares in the company, valued at $16,435,347.12. This trade represents a 5.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

RealReal Stock Up 1.3%

Shares of REAL traded up $0.15 during trading hours on Monday, hitting $11.27. The company had a trading volume of 2,717,309 shares, compared to its average volume of 3,376,204. The RealReal, Inc. has a 52-week low of $7.21 and a 52-week high of $17.39. The stock’s 50 day moving average price is $11.66 and its 200 day moving average price is $10.93. The firm has a market cap of $1.37 billion, a P/E ratio of -10.06 and a beta of 2.69.

RealReal (NASDAQ:REAL) last issued its earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $192.57 million for the quarter, compared to analysts’ expectations of $188.11 million. The business’s revenue was up 16.6% on a year-over-year basis. On average, research analysts expect that The RealReal, Inc. will post -0.13 EPS for the current fiscal year.

Analyst Ratings Changes

REAL has been the topic of several recent analyst reports. BTIG Research restated a “buy” rating and issued a $17.00 target price on shares of RealReal in a report on Wednesday, June 3rd. Robert W. Baird set a $13.00 price target on shares of RealReal in a report on Friday, May 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of RealReal in a research report on Friday, July 17th. Roth Capital reissued a “buy” rating and issued a $19.00 price target on shares of RealReal in a report on Friday, August 7th. Finally, UBS Group boosted their price objective on shares of RealReal from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, RealReal presently has an average rating of “Moderate Buy” and a consensus target price of $17.75.

Institutional Investors Weigh In On RealReal

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of RealReal in the second quarter worth approximately $134,510,000. AWM Investment Company Inc. purchased a new stake in RealReal in the second quarter worth approximately $21,265,000. Arrowstreet Capital Limited Partnership boosted its holdings in RealReal by 58.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,049,042 shares of the company’s stock worth $36,765,000 after purchasing an additional 1,489,939 shares during the last quarter. California State Teachers Retirement System grew its position in RealReal by 1,050.0% in the 2nd quarter. California State Teachers Retirement System now owns 1,568,836 shares of the company’s stock worth $18,497,000 after purchasing an additional 1,432,414 shares during the period. Finally, Bank of America Corp DE bought a new stake in RealReal in the 2nd quarter worth approximately $12,655,000. 64.73% of the stock is currently owned by institutional investors.

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.