The RealReal, Inc. $REAL Shares Acquired by Tudor Investment Corp ET AL

Key Points

• Tudor Investment Corp grew its stake in The RealReal by 25.8% in Q3 to 689,998 shares—about 0.59% of the company—valued at roughly $7.34 million.
• Insiders sold significant stock on Feb. 23 (including CEO Levesque Rati Sahi and Todd A. Suko); insiders disposed of 286,883 shares worth about $3.0 million in the last quarter and now hold 9.0% of the company.
• Wall Street is cautiously positive with an average rating of "Moderate Buy" and an average price target of $18.06, amid several recent target increases from brokerages.

Tudor Investment Corp ET AL grew its holdings in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) by 25.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 689,998 shares of the company's stock after purchasing an additional 141,699 shares during the period. Tudor Investment Corp ET AL owned approximately 0.59% of RealReal worth $7,335,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in REAL. Quarry LP acquired a new position in RealReal during the 3rd quarter valued at about $28,000. Larson Financial Group LLC purchased a new stake in RealReal in the third quarter valued at about $31,000. State of Alaska Department of Revenue acquired a new stake in RealReal in the third quarter worth about $59,000. EHP Funds Inc. acquired a new stake in RealReal in the third quarter worth about $107,000. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of RealReal during the third quarter worth about $108,000. Institutional investors and hedge funds own 64.73% of the company's stock.

RealReal Stock Up 8.0%

Shares of NASDAQ:REAL opened at $9.33 on Tuesday. The RealReal, Inc. has a 52-week low of $4.61 and a 52-week high of $17.39. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of -8.56 and a beta of 2.67. The business has a 50-day moving average price of $12.67 and a 200-day moving average price of $12.73.

Insider Buying and Selling

In other RealReal news, insider Todd A. Suko sold 45,947 shares of RealReal stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $10.72, for a total transaction of $492,551.84. Following the completion of the sale, the insider directly owned 560,563 shares in the company, valued at approximately $6,009,235.36. The trade was a 7.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Levesque Rati Sahi sold 121,399 shares of the company's stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $10.72, for a total transaction of $1,301,397.28. Following the completion of the sale, the chief executive officer directly owned 1,482,779 shares in the company, valued at $15,895,390.88. This trade represents a 7.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 286,883 shares of company stock worth $3,001,619 in the last quarter. 9.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on REAL. Robert W. Baird increased their price objective on shares of RealReal from $15.00 to $16.00 and gave the company a "neutral" rating in a research report on Friday, February 27th. BTIG Research reissued a "buy" rating and set a $18.00 target price on shares of RealReal in a research report on Friday, February 27th. B. Riley Financial upped their price target on shares of RealReal from $14.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, December 12th. KeyCorp raised their price target on shares of RealReal from $16.00 to $20.00 and gave the stock an "overweight" rating in a report on Thursday, January 22nd. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of RealReal in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $18.06.

RealReal 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.

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