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 firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $9.61, for a total value of $3,810,153.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

RealReal Price Performance

Shares of NASDAQ:REAL opened at $8.73 on Friday. The RealReal, Inc. has a one year low of $1.52 and a one year high of $11.38. The stock has a market cap of $957.60 million, a price-to-earnings ratio of -9.92 and a beta of 2.87. The company has a 50 day moving average of $7.12 and a 200-day moving average of $4.46.

Institutional Trading of RealReal

Institutional investors and hedge funds have recently made changes to their positions in the business. Anchorage Capital Advisors L.P. acquired a new stake in shares of RealReal during the third quarter worth $10,675,000. Woodson Capital Management LP increased its stake in shares of RealReal by 2.9% in the 3rd quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company’s stock valued at $16,956,000 after acquiring an additional 150,000 shares during the last quarter. Geode Capital Management LLC raised its position in shares of RealReal by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company’s stock valued at $7,204,000 after acquiring an additional 44,716 shares during the period. State Street Corp boosted its stake in RealReal by 22.3% during the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company’s stock worth $5,342,000 after acquiring an additional 310,116 shares during the last quarter. Finally, Capricorn Fund Managers Ltd boosted its stake in RealReal by 40.4% during the 3rd quarter. Capricorn Fund Managers Ltd now owns 1,406,738 shares of the company’s stock worth $4,417,000 after acquiring an additional 404,949 shares during the last quarter. Institutional investors own 64.73% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.