Renaissance Technologies LLC Purchases Shares of 356,400 The RealReal, Inc. (NASDAQ:REAL)

Renaissance Technologies LLC bought a new stake in The RealReal, Inc. (NASDAQ:REAL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 356,400 shares of the company's stock, valued at approximately $3,895,000. Renaissance Technologies LLC owned approximately 0.32% of RealReal at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. R Squared Ltd bought a new stake in shares of RealReal in the fourth quarter valued at about $49,000. Harvest Fund Management Co. Ltd acquired a new position in RealReal in the fourth quarter valued at about $94,000. Charles Schwab Investment Management Inc. raised its stake in RealReal by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 284,876 shares of the company's stock worth $3,114,000 after acquiring an additional 9,453 shares in the last quarter. Rhumbline Advisers raised its stake in RealReal by 7.4% during the fourth quarter. Rhumbline Advisers now owns 143,743 shares of the company's stock worth $1,571,000 after acquiring an additional 9,893 shares in the last quarter. Finally, Jag Capital Management LLC acquired a new position in RealReal during the fourth quarter worth about $126,000. 64.73% of the stock is owned by institutional investors.

Insider Transactions at RealReal

In related news, insider Luke Thomas Friang sold 18,503 shares of RealReal stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $127,670.70. Following the completion of the transaction, the insider now owns 556,557 shares of the company's stock, valued at $3,840,243.30. This trade represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Levesque Rati Sahi sold 113,917 shares of RealReal stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $786,027.30. Following the transaction, the chief executive officer now directly owns 2,307,199 shares of the company's stock, valued at $15,919,673.10. This represents a 4.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 258,283 shares of company stock worth $1,782,153 over the last three months. 9.78% of the stock is owned by company insiders.

RealReal Stock Performance

Shares of RealReal stock traded down $0.10 on Monday, hitting $6.13. The stock had a trading volume of 1,881,934 shares, compared to its average volume of 2,705,698. The stock has a 50 day moving average of $5.79 and a 200 day moving average of $6.56. The RealReal, Inc. has a twelve month low of $2.24 and a twelve month high of $11.38. The firm has a market capitalization of $693.27 million, a P/E ratio of -4.75 and a beta of 2.90.

RealReal (NASDAQ:REAL - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.52). The company had revenue of $164.00 million during the quarter, compared to analyst estimates of $162.69 million. Equities analysts expect that The RealReal, Inc. will post -0.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, UBS Group lowered their price objective on RealReal from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, RealReal has an average rating of "Moderate Buy" and a consensus price target of $8.33.

About RealReal

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.