Platform Technology Partners Has $56,000 Stock Holdings in The RealReal, Inc. (NASDAQ:REAL)

Platform Technology Partners trimmed its stake in shares of The RealReal, Inc. (NASDAQ:REAL) by 23.2% during the third quarter, Holdings Channel reports. The firm owned 17,728 shares of the company’s stock after selling 5,343 shares during the period. Platform Technology Partners’ holdings in RealReal were worth $56,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in REAL. Renaissance Technologies LLC acquired a new stake in RealReal in the 2nd quarter valued at $1,563,000. AWM Investment Company Inc. acquired a new stake in shares of RealReal in the 1st quarter valued at $1,862,000. Capricorn Fund Managers Ltd grew its holdings in shares of RealReal by 40.4% in the 3rd 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 last quarter. NewEdge Advisors LLC increased its position in shares of RealReal by 309.9% during the 2nd quarter. NewEdge Advisors LLC now owns 435,554 shares of the company’s stock worth $1,389,000 after purchasing an additional 329,303 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of RealReal during the 2nd quarter worth about $915,000. 64.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on REAL. Robert W. Baird decreased their price objective on shares of RealReal from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Wedbush dropped their price target on RealReal from $4.50 to $4.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. UBS Group lifted their price objective on RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Northland Securities started coverage on RealReal in a research note on Monday, September 16th. They issued an “outperform” rating and a $6.00 target price for the company. Finally, Northland Capmk upgraded shares of RealReal to a “strong-buy” rating in a research report on Monday, September 16th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $4.46.

Insider Activity at RealReal

In other RealReal news, CAO Steve Ming Lo sold 20,610 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $2.61, for a total transaction of $53,792.10. Following the completion of the sale, the chief accounting officer now owns 508,528 shares in the company, valued at approximately $1,327,258.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Karen Katz sold 33,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $2.62, for a total transaction of $86,460.00. Following the completion of the transaction, the director now directly owns 201,301 shares in the company, valued at approximately $527,408.62. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Steve Ming Lo sold 20,610 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $2.61, for a total transaction of $53,792.10. Following the completion of the sale, the chief accounting officer now owns 508,528 shares in the company, valued at $1,327,258.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 116,337 shares of company stock worth $303,970 over the last ninety days. Company insiders own 9.78% of the company’s stock.

RealReal Trading Up 0.5 %

RealReal stock opened at $3.78 on Wednesday. The RealReal, Inc. has a 12-month low of $1.52 and a 12-month high of $4.64. The business’s 50-day simple moving average is $3.06 and its 200 day simple moving average is $3.31.

RealReal 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.