Dynamic Technology Lab Private Ltd Sells 164,510 Shares of The RealReal, Inc. (NASDAQ:REAL)

Dynamic Technology Lab Private Ltd reduced its stake in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) by 93.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,250 shares of the company's stock after selling 164,510 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in RealReal were worth $123,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in REAL. Wells Fargo & Company MN raised its position in shares of RealReal by 31.5% in the 4th quarter. Wells Fargo & Company MN now owns 102,917 shares of the company's stock valued at $1,125,000 after purchasing an additional 24,669 shares in the last quarter. Trexquant Investment LP acquired a new position in RealReal in the fourth quarter worth about $3,262,000. Headlands Technologies LLC acquired a new stake in shares of RealReal during the 4th quarter valued at approximately $1,234,000. Geode Capital Management LLC lifted its position in shares of RealReal by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 2,327,782 shares of the company's stock worth $25,447,000 after buying an additional 33,927 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of RealReal by 88.9% in the 4th quarter. Alliancebernstein L.P. now owns 100,850 shares of the company's stock valued at $1,102,000 after buying an additional 47,450 shares during the period. 64.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at RealReal

In other RealReal news, CAO Steve Ming Lo sold 23,477 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $161,991.30. Following the completion of the sale, the chief accounting officer now directly owns 330,117 shares in the company, valued at $2,277,807.30. This represents a 6.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gopal Ajay Madan sold 102,386 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $706,463.40. Following the transaction, the chief financial officer now directly owns 1,327,198 shares of the company's stock, valued at $9,157,666.20. This represents a 7.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 258,283 shares of company stock valued at $1,782,153 in the last quarter. Company insiders own 9.78% of the company's stock.

Analyst Ratings Changes

Separately, UBS Group dropped their price target on RealReal from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $8.33.

RealReal Trading Up 1.3 %

NASDAQ:REAL traded up $0.07 during mid-day trading on Thursday, reaching $5.20. 606,604 shares of the stock were exchanged, compared to its average volume of 2,670,085. The RealReal, Inc. has a 1-year low of $2.24 and a 1-year high of $11.38. The firm has a market capitalization of $578.15 million, a PE ratio of -4.02 and a beta of 2.90. The business has a fifty day moving average price of $6.15 and a 200 day moving average price of $6.37.

RealReal (NASDAQ:REAL - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($0.62) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.52). The business had revenue of $164.00 million during the quarter, compared to analysts' expectations of $162.69 million. On average, sell-side analysts forecast that The RealReal, Inc. will post -0.4 earnings per share for the current year.

RealReal Company Profile

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.