Levesque Rati Sahi Sells 84,432 Shares of RealReal (NASDAQ:REAL) Stock

Key Points

• CEO Levesque Rati Sahi sold 84,432 RealReal shares at an average price of $10.98, generating $927,063.36. The sale reduced his direct ownership by 5.34% to 1,496,844 shares.
• RealReal shares traded at $11.27 after rising $0.15, with a market capitalization of approximately $1.37 billion and a 52-week range of $7.21 to $17.39.
• The company exceeded quarterly expectations, reporting a loss of $0.01 per share versus the anticipated $0.02 loss and revenue of $192.57 million, up 16.6% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $17.75.

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) CEO Levesque Rati Sahi sold 84,432 shares of RealReal stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.98, for a total value of $927,063.36. Following the sale, the chief executive officer directly owned 1,496,844 shares of the company's stock, valued at $16,435,347.12. This represents a 5.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

RealReal Stock Performance

RealReal stock traded up $0.15 during midday trading on Monday, hitting $11.27. 2,717,309 shares of the company's stock were exchanged, compared to its average volume of 3,376,204. The company has a market cap of $1.37 billion, a P/E ratio of -10.06 and a beta of 2.69. The stock has a 50-day moving average price of $11.66 and a two-hundred day moving average price of $10.93. The RealReal, Inc. has a 52-week low of $7.21 and a 52-week high of $17.39.

RealReal (NASDAQ:REAL - Get Free Report) last released its quarterly 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 business had revenue of $192.57 million during the quarter, compared to analysts' expectations of $188.11 million. The firm's quarterly revenue was up 16.6% on a year-over-year basis. As a group, sell-side analysts expect that The RealReal, Inc. will post -0.13 earnings per share for the current year.

Institutional Trading of RealReal

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new position in RealReal during the second quarter valued at approximately $134,510,000. Vanguard Group Inc. lifted its holdings in shares of RealReal by 6.9% in the 4th quarter. Vanguard Group Inc. now owns 6,336,596 shares of the company's stock worth $99,991,000 after acquiring an additional 406,789 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of RealReal by 58.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,049,042 shares of the company's stock valued at $36,765,000 after purchasing an additional 1,489,939 shares in the last quarter. State Street Corp boosted its stake in shares of RealReal by 4.2% in the 4th quarter. State Street Corp now owns 2,746,238 shares of the company's stock valued at $43,336,000 after purchasing an additional 111,677 shares in the last quarter. Finally, Two Sigma Investments LP grew its holdings in shares of RealReal by 6.6% during the 3rd quarter. Two Sigma Investments LP now owns 2,628,770 shares of the company's stock valued at $27,944,000 after purchasing an additional 162,804 shares during the last quarter. Institutional investors own 64.73% of the company's stock.

Analyst Upgrades and Downgrades

REAL has been the subject of a number of research reports. Robert W. Baird set a $13.00 price target on shares of RealReal in a research note on Friday, May 8th. BTIG Research restated a "buy" rating and set a $17.00 price objective on shares of RealReal in a research report on Wednesday, June 3rd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of RealReal in a report on Friday, July 17th. Roth Capital reiterated a "buy" rating and issued a $19.00 target price on shares of RealReal in a research report on Friday, August 7th. Finally, UBS Group increased their target price on RealReal from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $17.75.

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.

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