RealReal (NASDAQ:REAL) CFO Sells $399,869.64 in Stock

Key Points

• RealReal CFO Gopal Ajay Madan sold 36,418 shares at an average price of $10.98, generating $399,869.64. He retained 1,108,860 shares worth approximately $12.18 million, a 3.18% reduction in ownership.
• RealReal shares rose 1.3% to $11.27, while the company’s latest quarterly results exceeded expectations: adjusted loss per share was $0.01 versus a $0.02 estimate, and revenue increased 16.6% year over year to $192.57 million.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $17.75; institutional investors and hedge funds own 64.73% of the company’s stock.

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) CFO Gopal Ajay Madan sold 36,418 shares of the firm's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $10.98, for a total transaction of $399,869.64. Following the completion of the sale, the chief financial officer owned 1,108,860 shares in the company, valued at $12,175,282.80. This represents a 3.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

RealReal Stock Up 1.3%

Shares of RealReal stock traded up $0.15 on Monday, reaching $11.27. The stock had a trading volume of 2,717,309 shares, compared to its average volume of 3,376,204. The RealReal, Inc. has a 1 year low of $7.21 and a 1 year high of $17.39. The company has a 50 day moving average price of $11.66 and a 200 day moving average price of $10.93. The stock has a market capitalization of $1.37 billion, a P/E ratio of -10.06 and a beta of 2.69.

RealReal (NASDAQ:REAL - Get Free Report) last announced its 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 firm had revenue of $192.57 million during the quarter, compared to analyst estimates of $188.11 million. The business's revenue for the quarter was up 16.6% compared to the same quarter last year. On average, analysts forecast that The RealReal, Inc. will post -0.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. AQR Capital Management LLC lifted 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 purchasing an additional 759,160 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in RealReal by 6.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,437 shares of the company's stock worth $326,000 after buying an additional 3,500 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of RealReal by 1.9% in the 1st quarter. Millennium Management LLC now owns 883,690 shares of the company's stock valued at $4,763,000 after acquiring an additional 16,136 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of RealReal by 14.1% in the 2nd quarter. Legal & General Group Plc now owns 81,292 shares of the company's stock valued at $389,000 after acquiring an additional 10,052 shares during the last quarter. Finally, Amundi acquired a new stake in shares of RealReal in the second quarter worth $197,000. 64.73% of the stock is owned by institutional investors and hedge funds.

About RealReal

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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