The RealReal, Inc. (NASDAQ:REAL) CEO Levesque Rati Sahi Sells 260,171 Shares

Key Points

• Levesque Rati Sahi, CEO of The RealReal, sold 260,171 shares of the company at an average price of $7.94, totaling over $2 million, which reduced his ownership by 12.61%.
• The RealReal's stock saw a 4.0% increase in value, trading at $8.04 after an active trading session with nearly 2.9 million shares exchanged.
• The company reported better-than-expected quarterly earnings, with revenue hitting $165.19 million, surpassing analyst predictions of $159.17 million.

The RealReal, Inc. (NASDAQ:REAL - Get Free Report) CEO Levesque Rati Sahi sold 260,171 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $7.94, for a total transaction of $2,065,757.74. Following the completion of the transaction, the chief executive officer directly owned 1,803,044 shares in the company, valued at $14,316,169.36. This trade represents a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Levesque Rati Sahi also recently made the following trade(s):

• On Friday, August 15th, Levesque Rati Sahi sold 151,119 shares of RealReal stock. The stock was sold at an average price of $7.78, for a total transaction of $1,175,705.82.

RealReal Stock Up 4.0%

Shares of NASDAQ REAL traded up $0.31 during midday trading on Monday, reaching $8.04. 2,868,478 shares of the stock were exchanged, compared to its average volume of 4,252,353. The company has a 50 day simple moving average of $5.63 and a 200 day simple moving average of $5.97. The RealReal, Inc. has a twelve month low of $2.24 and a twelve month high of $11.38.

RealReal (NASDAQ:REAL - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.15) by $0.02. The firm had revenue of $165.19 million for the quarter, compared to analyst estimates of $159.17 million. On average, equities research analysts predict that The RealReal, Inc. will post -0.4 earnings per share for the current year.

Institutional Trading of RealReal

A number of hedge funds and other institutional investors have recently made changes to their positions in REAL. Game Plan Financial Advisors LLC increased its holdings in RealReal by 52.8% in the 1st quarter. Game Plan Financial Advisors LLC now owns 5,500 shares of the company's stock valued at $30,000 after purchasing an additional 1,900 shares during the last quarter. Quarry LP increased its holdings in RealReal by 120.1% in the 4th quarter. Quarry LP now owns 2,875 shares of the company's stock valued at $31,000 after purchasing an additional 1,569 shares during the last quarter. AlphaQuest LLC acquired a new stake in RealReal in the 1st quarter valued at approximately $59,000. Farther Finance Advisors LLC acquired a new stake in RealReal in the 2nd quarter valued at approximately $60,000. Finally, Teacher Retirement System of Texas acquired a new stake in RealReal in the 1st quarter valued at approximately $61,000. Institutional investors and hedge funds own 64.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. B. Riley reissued a "buy" rating and issued a $9.00 target price (up from $8.00) on shares of RealReal in a research note on Friday, August 8th. UBS Group set a $8.00 target price on shares of RealReal and gave the stock a "neutral" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, RealReal currently has a consensus rating of "Buy" and a consensus target price of $11.13.

RealReal Company Profile

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.

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