Insider Selling: The RealReal, Inc. (NASDAQ:REAL) CEO Sells 396,478 Shares of Stock

The RealReal, Inc. (NASDAQ:REAL) CEO John E. Koryl sold 396,478 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $9.61, for a total value of $3,810,153.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

RealReal Stock Performance

Shares of NASDAQ:REAL opened at $8.73 on Thursday. The company’s 50-day moving average is $6.89 and its 200 day moving average is $4.39. The RealReal, Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $11.38. The company has a market capitalization of $957.60 million, a P/E ratio of -9.92 and a beta of 2.87.

Wall Street Analyst Weigh In

A number of research firms have weighed in on REAL. Northland Securities raised their price target on RealReal from $6.50 to $12.50 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Northland Capmk upgraded RealReal to a “strong-buy” rating in a research note on Monday, September 16th. Wells Fargo & Company upgraded shares of RealReal from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $4.00 to $15.00 in a research note on Monday, December 9th. Finally, UBS Group raised their price target on RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $7.38.

Institutional Trading of RealReal

A number of hedge funds and other institutional investors have recently made changes to their positions in REAL. Anchorage Capital Advisors L.P. purchased a new stake in shares of RealReal in the 3rd quarter valued at $10,675,000. Renaissance Technologies LLC purchased a new stake in RealReal in the second quarter worth about $1,563,000. Capricorn Fund Managers Ltd grew its stake in RealReal by 40.4% in the third quarter. Capricorn Fund Managers Ltd now owns 1,406,738 shares of the company’s stock worth $4,417,000 after purchasing an additional 404,949 shares during the period. Walleye Capital LLC purchased a new stake in shares of RealReal in the 3rd quarter worth about $1,163,000. Finally, NewEdge Advisors LLC increased its stake in shares of RealReal by 309.9% during the second quarter. NewEdge Advisors LLC now owns 435,554 shares of the company’s stock valued at $1,389,000 after purchasing an additional 329,303 shares in the last quarter. 64.73% of the stock is currently owned by institutional investors.

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.