Insider Selling: RealReal (NASDAQ:REAL) CFO Sells $399,869.64 in Stock

The RealReal, Inc. (NASDAQ:REAL) CFO Gopal Ajay Madan sold 36,418 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $10.98, for a total value of $399,869.64. Following the sale, the chief financial officer directly owned 1,108,860 shares in the company, valued at $12,175,282.80. This represents a 3.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

RealReal Trading Up 1.3%

Shares of NASDAQ REAL traded up $0.15 during trading on Monday, reaching $11.27. 2,717,309 shares of the company traded hands, compared to its average volume of 3,376,204. The stock has a market cap of $1.37 billion, a P/E ratio of -10.06 and a beta of 2.69. The firm’s fifty day simple moving average is $11.66 and its 200 day simple moving average is $10.93. The RealReal, Inc. has a 12-month low of $7.21 and a 12-month high of $17.39.

RealReal (NASDAQ:REAL) last issued its earnings results on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $192.57 million during the quarter, compared to analysts’ expectations of $188.11 million. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, research analysts expect that The RealReal, Inc. will post -0.13 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Robert W. Baird set a $13.00 price objective on shares of RealReal in a research note on Friday, May 8th. BTIG Research reissued a “buy” rating and set a $17.00 price target on shares of RealReal in a report on Wednesday, June 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a research report on Friday, July 17th. UBS Group lifted their price objective on shares of RealReal from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, Roth Capital reiterated a “buy” rating and issued a $19.00 price objective on shares of RealReal in a research report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.75.

Institutional Trading of RealReal

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of RealReal in the second quarter valued at approximately $134,510,000. Vanguard Group Inc. raised its stake in shares of RealReal by 6.9% during the 4th quarter. Vanguard Group Inc. now owns 6,336,596 shares of the company’s stock worth $99,991,000 after buying an additional 406,789 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of RealReal by 58.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,049,042 shares of the company’s stock valued at $36,765,000 after buying an additional 1,489,939 shares in the last quarter. State Street Corp grew its stake in RealReal by 4.2% in the 4th quarter. State Street Corp now owns 2,746,238 shares of the company’s stock valued at $43,336,000 after acquiring an additional 111,677 shares during the period. Finally, Two Sigma Investments LP grew its stake in RealReal by 6.6% in the 3rd quarter. Two Sigma Investments LP now owns 2,628,770 shares of the company’s stock valued at $27,944,000 after acquiring an additional 162,804 shares during the period. 64.73% of the stock is owned by institutional investors and hedge funds.

About RealReal

The RealReal, Inc (NASDAQ: REAL) operates an online marketplace specializing in the authenticated resale of luxury goods. Since its founding in 2011 by entrepreneur Julie Wainwright, the company has positioned itself as a leading platform for consignors and shoppers seeking designer fashion, fine jewelry, watches, art, and home décor. Headquartered in San Francisco, The RealReal combines e-commerce technology with an in-house team of experts to offer a seamless buying and selling experience for secondhand luxury items.

At the core of The RealReal’s business model is its consignment service, which enables individuals to sell pre-owned luxury products through a fully managed process.