Tudor Investment Corp ET AL Purchases 141,699 Shares of The RealReal, Inc. $REAL

Key Points

• Tudor Investment Corp increased its stake in The RealReal by 25.8%, adding 141,699 shares to own 689,998 shares (about 0.59% of the company) valued at roughly $7.34 million at quarter-end.
• Company insiders sold a total of 286,883 shares last quarter (including sales by Luke Thomas Friang and CAO Steve Ming Lo), totaling about $3.0 million and leaving insiders with roughly 9% ownership.
• Analysts skew positive with a consensus "Moderate Buy" and an average price target of $18.06, compared with a recent share price near $9.22, indicating notable implied upside.

Tudor Investment Corp ET AL raised its position in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) by 25.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 689,998 shares of the company's stock after acquiring 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 also recently made changes to their positions in REAL. AQR Capital Management LLC boosted its holdings in shares of RealReal by 589.2% during the first quarter. AQR Capital Management LLC now owns 887,997 shares of the company's stock worth $4,786,000 after acquiring an additional 759,160 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of RealReal by 6.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,437 shares of the company's stock valued at $326,000 after buying an additional 3,500 shares during the period. Millennium Management LLC boosted its stake in shares of RealReal by 1.9% in the first quarter. Millennium Management LLC now owns 883,690 shares of the company's stock valued at $4,763,000 after buying an additional 16,136 shares during the period. Swiss National Bank boosted its stake in shares of RealReal by 6.6% in the second quarter. Swiss National Bank now owns 170,000 shares of the company's stock valued at $814,000 after buying an additional 10,600 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of RealReal by 14.1% in the second quarter. Legal & General Group Plc now owns 81,292 shares of the company's stock valued at $389,000 after buying an additional 10,052 shares during the period. Institutional investors own 64.73% of the company's stock.

Insider Buying and Selling at RealReal

In other RealReal news, insider Luke Thomas Friang sold 19,609 shares of the business's 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 $210,208.48. Following the completion of the transaction, the insider directly owned 479,656 shares in the company, valued at $5,141,912.32. The trade was a 3.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Steve Ming Lo sold 16,962 shares of the business's 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 $181,832.64. Following the transaction, the chief accounting officer owned 170,236 shares of the company's stock, valued at approximately $1,824,929.92. This represents a 9.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 286,883 shares of company stock valued at $3,001,619. 9.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

REAL has been the subject of several recent research reports. KeyCorp boosted their price target on RealReal from $16.00 to $20.00 and gave the company an "overweight" rating in a research note on Thursday, January 22nd. William Blair initiated coverage on RealReal in a research note on Monday, December 15th. They issued an "outperform" rating for the company. B. Riley Financial boosted their price target on RealReal from $14.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, December 12th. Robert W. Baird boosted their price target on RealReal from $15.00 to $16.00 and gave the company a "neutral" rating in a research note on Friday, February 27th. Finally, Northland Securities set a $20.00 price target on RealReal in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $18.06.

RealReal Price Performance

Shares of REAL opened at $9.22 on Wednesday. The RealReal, Inc. has a one year low of $4.61 and a one year high of $17.39. The company has a market cap of $1.10 billion, a P/E ratio of -8.46 and a beta of 2.81. The firm has a 50 day simple moving average of $11.06 and a two-hundred day simple moving average of $12.68.

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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