RealReal (NASDAQ:REAL) CEO Levesque Rati Sahi Sells 84,432 Shares of Stock

The RealReal, Inc. (NASDAQ:REAL) CEO Levesque Rati Sahi sold 84,432 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $10.98, for a total transaction of $927,063.36. Following the completion of the transaction, the chief executive officer owned 1,496,844 shares of the company’s stock, valued at approximately $16,435,347.12. The trade was a 5.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

RealReal Price Performance

Shares of REAL stock opened at $11.27 on Tuesday. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of -10.06 and a beta of 2.69. The RealReal, Inc. has a one year low of $7.21 and a one year high of $17.39. The company’s fifty day moving average price is $11.66 and its 200-day moving average price is $10.91.

RealReal (NASDAQ:REAL) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The business 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. Equities research analysts expect that The RealReal, Inc. will post -0.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in RealReal during the second quarter worth about $134,510,000. Vanguard Group Inc. increased its position in RealReal by 6.9% during the fourth quarter. Vanguard Group Inc. now owns 6,336,596 shares of the company’s stock worth $99,991,000 after purchasing an additional 406,789 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in RealReal by 58.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,049,042 shares of the company’s stock worth $36,765,000 after purchasing an additional 1,489,939 shares during the period. State Street Corp raised its stake in RealReal by 4.2% during the fourth quarter. State Street Corp now owns 2,746,238 shares of the company’s stock worth $43,336,000 after purchasing an additional 111,677 shares during the period. Finally, Two Sigma Investments LP boosted its holdings in shares of 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 purchasing an additional 162,804 shares during the last quarter. 64.73% of the stock is currently owned by institutional investors and hedge funds.

More RealReal News

Here are the key news stories impacting RealReal this week:

• Positive Sentiment: The RealReal is using artificial intelligence to price and authenticate items in seconds, a development that could improve transaction speed, operational efficiency, and customer trust. The RealReal is using AI to help price and authenticate items in seconds
• Positive Sentiment: Broader interest in luxury resale and the emergence of more fashion-focused consumers may expand the addressable market for The RealReal’s authenticated secondhand luxury platform. In Luxury’s New Resale Era, Everyone’s a Fashion Expert
• Neutral Sentiment: The company’s latest reported quarter provided a supportive backdrop, with revenue rising 16.6% year over year to $192.57 million and adjusted EPS exceeding consensus expectations, although The RealReal remains unprofitable.
• Negative Sentiment: Multiple insiders sold shares on August 21 at approximately $10.97-$10.98. CEO Levesque Rati Sahi sold 84,432 shares, while CFO Gopal Ajay Madan sold 36,418 shares; additional sales came from CAO Steve Ming Lo and insider Todd A. Suko. Collectively, the transactions totaled about $1.90 million and reduced each seller’s position by roughly 2.9% to 6.6%. The sales were disclosed in SEC filings: CEO Form 4 filing Insider Form 4 filing CAO Form 4 filing CFO Form 4 filing

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.