Insider Selling: RealReal Inc (NASDAQ:REAL) CTO Sells $11,625.91 in Stock

RealReal Inc (NASDAQ:REAL) CTO Fredrik Bjork sold 817 shares of the company’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $14.23, for a total transaction of $11,625.91. Following the completion of the sale, the chief technology officer now directly owns 214,663 shares in the company, valued at $3,054,654.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Fredrik Bjork also recently made the following trade(s):

  • On Wednesday, May 27th, Fredrik Bjork sold 25,113 shares of RealReal stock. The shares were sold at an average price of $13.12, for a total transaction of $329,482.56.

REAL stock opened at $13.93 on Thursday. RealReal Inc has a fifty-two week low of $5.00 and a fifty-two week high of $25.40. The firm’s 50-day simple moving average is $13.65 and its 200 day simple moving average is $12.75. The stock has a market cap of $1.19 billion and a PE ratio of -3.65.

RealReal (NASDAQ:REAL) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.39) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.46) by $0.07. The business had revenue of $78.20 million for the quarter, compared to analysts’ expectations of $78.36 million. RealReal had a negative net margin of 34.19% and a negative return on equity of 60.41%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter last year, the company earned ($2.80) EPS. On average, analysts expect that RealReal Inc will post -1.43 earnings per share for the current fiscal year.

A number of brokerages have weighed in on REAL. Needham & Company LLC began coverage on shares of RealReal in a report on Friday, June 19th. They set a “hold” rating on the stock. Nomura Instinet increased their target price on shares of RealReal from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, June 9th. BidaskClub cut shares of RealReal from a “buy” rating to a “hold” rating in a report on Wednesday, July 8th. KeyCorp increased their target price on shares of RealReal from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, June 10th. Finally, Credit Suisse Group increased their target price on shares of RealReal from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. RealReal presently has a consensus rating of “Buy” and an average target price of $17.47.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Broad Peak Investment Holdings Ltd. grew its position in RealReal by 31.6% in the 2nd quarter. Broad Peak Investment Holdings Ltd. now owns 2,228,306 shares of the company’s stock valued at $28,500,000 after buying an additional 534,506 shares in the last quarter. Janus Henderson Group PLC grew its position in RealReal by 44.8% in the 4th quarter. Janus Henderson Group PLC now owns 618,947 shares of the company’s stock valued at $11,667,000 after buying an additional 191,554 shares in the last quarter. Franklin Resources Inc. grew its position in RealReal by 57.9% in the 4th quarter. Franklin Resources Inc. now owns 844,146 shares of the company’s stock valued at $15,912,000 after buying an additional 309,446 shares in the last quarter. Bank of New York Mellon Corp grew its position in RealReal by 48.0% in the 4th quarter. Bank of New York Mellon Corp now owns 77,429 shares of the company’s stock valued at $1,460,000 after buying an additional 25,129 shares in the last quarter. Finally, Two Sigma Advisers LP bought a new position in RealReal in the 1st quarter valued at about $634,000. Hedge funds and other institutional investors own 71.02% of the company’s stock.

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Insider Buying and Selling by Quarter for RealReal (NASDAQ:REAL)

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