Whale Rock Capital Management LLC Invests $5.78 Million in RealReal Inc (NASDAQ:REAL)

Whale Rock Capital Management LLC purchased a new position in RealReal Inc (NASDAQ:REAL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 200,000 shares of the company’s stock, valued at approximately $5,780,000. Whale Rock Capital Management LLC owned about 0.24% of RealReal as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. Interwest Venture Management Co. bought a new position in shares of RealReal in the 2nd quarter worth about $193,748,000. Price T Rowe Associates Inc. MD bought a new position in shares of RealReal in the 2nd quarter worth about $28,900,000. Morgan Stanley bought a new position in shares of RealReal in the 2nd quarter worth about $22,936,000. Janus Henderson Group PLC bought a new position in shares of RealReal in the 2nd quarter worth about $17,340,000. Finally, BlackRock Inc. bought a new position in shares of RealReal in the 2nd quarter worth about $16,808,000. Institutional investors own 25.14% of the company’s stock.

Several analysts recently weighed in on REAL shares. UBS Group started coverage on shares of RealReal in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $30.00 price objective on the stock. Credit Suisse Group started coverage on shares of RealReal in a research report on Tuesday, July 23rd. They issued an “outperform” rating and a $30.00 price objective on the stock. KeyCorp started coverage on shares of RealReal in a research report on Tuesday, July 23rd. They issued an “overweight” rating and a $31.00 price objective on the stock. Wells Fargo & Co started coverage on shares of RealReal in a research report on Tuesday, September 3rd. They issued an “outperform” rating and a $20.00 price objective on the stock. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $30.00 price objective on shares of RealReal in a research report on Wednesday, August 14th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. RealReal presently has an average rating of “Buy” and an average price target of $28.14.



NASDAQ:REAL traded down $0.56 during mid-day trading on Tuesday, hitting $17.09. The stock had a trading volume of 87,563 shares, compared to its average volume of 1,606,766. The stock’s 50 day moving average is $16.68. RealReal Inc has a 52 week low of $12.58 and a 52 week high of $30.05.

RealReal (NASDAQ:REAL) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.28) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.34) by $0.06. The firm had revenue of $71.00 million during the quarter, compared to the consensus estimate of $70.10 million. The company’s revenue was up 51.1% on a year-over-year basis. As a group, sell-side analysts anticipate that RealReal Inc will post -1.24 EPS for the current fiscal year.

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Institutional Ownership by Quarter for RealReal (NASDAQ:REAL)

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