RealReal (NASDAQ:REAL) CEO Levesque Rati Sahi Sells 81,194 Shares of Stock

The RealReal, Inc. (NASDAQ:REAL) CEO Levesque Rati Sahi sold 81,194 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $9.25, for a total transaction of $751,044.50. Following the sale, the chief executive officer directly owned 1,581,276 shares in the company, valued at approximately $14,626,803. The trade was a 4.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Levesque Rati Sahi also recently made the following trade(s):

• On Monday, February 23rd, Levesque Rati Sahi sold 121,399 shares of RealReal stock. The shares were sold at an average price of $10.72, for a total transaction of $1,301,397.28.

RealReal Price Performance

Shares of RealReal stock opened at $9.20 on Friday. The firm’s fifty day simple moving average is $10.17 and its 200-day simple moving average is $12.62. The RealReal, Inc. has a 12 month low of $4.70 and a 12 month high of $17.39. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of -9.02 and a beta of 2.84.

RealReal (NASDAQ:REAL) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm had revenue of $189.72 million during the quarter, compared to analysts’ expectations of $187.82 million. During the same quarter last year, the business earned ($0.08) earnings per share. The business’s quarterly revenue was up 18.5% on a year-over-year basis. Analysts anticipate that The RealReal, Inc. will post -0.19 earnings per share for the current year.

Wall Street Analyst Weigh In

REAL has been the topic of several recent research reports. BTIG Research decreased their price objective on shares of RealReal from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Roth Mkm set a $17.00 price objective on shares of RealReal in a research report on Friday, May 8th. UBS Group decreased their price objective on shares of RealReal from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a research report on Tuesday, April 21st. Finally, Robert W. Baird set a $13.00 price objective on shares of RealReal in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, RealReal currently has a consensus rating of “Moderate Buy” and an average target price of $17.25.

Institutional Trading of RealReal

A number of institutional investors have recently modified their holdings of the company. Comerica Bank grew its holdings in shares of RealReal by 0.3% during the 3rd quarter. Comerica Bank now owns 351,156 shares of the company’s stock worth $3,733,000 after purchasing an additional 1,156 shares during the period. Larson Financial Group LLC boosted its holdings in RealReal by 40.7% in the 4th quarter. Larson Financial Group LLC now owns 4,099 shares of the company’s stock worth $65,000 after acquiring an additional 1,185 shares during the period. Evoke Wealth LLC boosted its stake in shares of RealReal by 2.9% during the 4th quarter. Evoke Wealth LLC now owns 43,853 shares of the company’s stock valued at $692,000 after buying an additional 1,240 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of RealReal by 25.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,253 shares of the company’s stock valued at $57,000 after buying an additional 1,253 shares during the last quarter. Finally, DRW Securities LLC boosted its stake in shares of RealReal by 10.3% during the 4th quarter. DRW Securities LLC now owns 17,717 shares of the company’s stock valued at $280,000 after buying an additional 1,650 shares during the last quarter. Hedge funds and other institutional investors own 64.73% of the company’s stock.

RealReal Company Profile

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.