Canada Pension Plan Investment Board Invests $3.78 Million in The RealReal, Inc. (NASDAQ:REAL)

Canada Pension Plan Investment Board acquired a new position in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 345,900 shares of the company's stock, valued at approximately $3,781,000. Canada Pension Plan Investment Board owned approximately 0.32% of RealReal at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in REAL. R Squared Ltd bought a new position in RealReal in the 4th quarter valued at approximately $49,000. Harvest Fund Management Co. Ltd bought a new position in RealReal in the 4th quarter valued at approximately $94,000. Jag Capital Management LLC bought a new position in RealReal in the 4th quarter valued at approximately $126,000. Olympiad Research LP bought a new position in RealReal in the 4th quarter valued at approximately $136,000. Finally, Y Intercept Hong Kong Ltd bought a new position in RealReal in the 4th quarter valued at approximately $153,000. Institutional investors own 64.73% of the company's stock.

Insiders Place Their Bets

In other news, insider Luke Thomas Friang sold 18,503 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $127,670.70. Following the transaction, the insider now owns 556,557 shares of the company's stock, valued at $3,840,243.30. This represents a 3.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Steve Ming Lo sold 23,477 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $161,991.30. Following the completion of the sale, the chief accounting officer now directly owns 330,117 shares of the company's stock, valued at $2,277,807.30. The trade was a 6.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 258,283 shares of company stock worth $1,782,153. Corporate insiders own 9.78% of the company's stock.

RealReal Stock Down 1.6 %

Shares of REAL stock traded down $0.10 during trading hours on Monday, hitting $6.13. 1,881,934 shares of the company's stock traded hands, compared to its average volume of 2,705,698. The stock has a market cap of $693.27 million, a PE ratio of -4.75 and a beta of 2.90. The RealReal, Inc. has a 12 month low of $2.24 and a 12 month high of $11.38. The stock's 50 day simple moving average is $5.79 and its 200 day simple moving average is $6.56.

RealReal (NASDAQ:REAL - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($0.62) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The firm had revenue of $164.00 million during the quarter, compared to analysts' expectations of $162.69 million. As a group, equities research analysts expect that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, UBS Group dropped their price objective on shares of RealReal from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $8.33.

About RealReal

The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.