The RealReal, Inc. (NASDAQ:REAL - Get Free Report) CEO Levesque Rati Sahi sold 151,119 shares of RealReal stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $7.78, for a total value of $1,175,705.82. Following the sale, the chief executive officer owned 2,063,215 shares of the company's stock, valued at approximately $16,051,812.70. This represents a 6.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Levesque Rati Sahi also recently made the following trade(s):
- On Monday, August 18th, Levesque Rati Sahi sold 260,171 shares of RealReal stock. The shares were sold at an average price of $7.94, for a total transaction of $2,065,757.74.
RealReal Stock Up 4.0%
Shares of NASDAQ:REAL traded up $0.31 during 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 RealReal, Inc. has a 12-month low of $2.24 and a 12-month high of $11.38. The firm's 50-day moving average price is $5.63 and its 200 day moving average price is $5.97.
RealReal (NASDAQ:REAL - Get Free Report) last issued its 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 analysts' expectations of $159.17 million. Equities analysts forecast that The RealReal, Inc. will post -0.4 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on REAL. B. Riley restated a "buy" rating and issued a $9.00 target price (up from $8.00) on shares of RealReal in a report on Friday, August 8th. UBS Group set a $8.00 target price on RealReal and gave the stock a "neutral" rating in a report on Friday, August 8th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $11.13.
Read Our Latest Stock Report on REAL
Institutional Trading of RealReal
A number of institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN lifted its position in RealReal by 31.5% during the 4th quarter. Wells Fargo & Company MN now owns 102,917 shares of the company's stock worth $1,125,000 after acquiring an additional 24,669 shares in the last quarter. Invesco Ltd. lifted its position in RealReal by 413.4% during the 4th quarter. Invesco Ltd. now owns 1,053,911 shares of the company's stock worth $11,519,000 after acquiring an additional 848,640 shares in the last quarter. Renaissance Technologies LLC acquired a new position in RealReal during the 4th quarter worth approximately $3,895,000. Raymond James Financial Inc. acquired a new position in RealReal during the 4th quarter worth approximately $5,143,000. Finally, Rockefeller Capital Management L.P. acquired a new position in RealReal during the 4th quarter worth approximately $611,000. Hedge funds and other institutional investors own 64.73% of the company's stock.
About RealReal
(
Get Free Report)
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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