Insider Selling: The RealReal, Inc. (NASDAQ:REAL) CEO Sells $3,810,153.58 in Stock

The RealReal, Inc. (NASDAQ:REAL) CEO John E. Koryl sold 396,478 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $9.61, for a total transaction of $3,810,153.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

RealReal Price Performance

Shares of REAL opened at $8.73 on Friday. The RealReal, Inc. has a 1 year low of $1.52 and a 1 year high of $11.38. The stock has a 50 day simple moving average of $7.12 and a two-hundred day simple moving average of $4.46. The firm has a market cap of $957.60 million, a P/E ratio of -9.92 and a beta of 2.87.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. UBS Group boosted their target price on RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Wells Fargo & Company upgraded shares of RealReal from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $4.00 to $15.00 in a research report on Monday, December 9th. Northland Capmk raised shares of RealReal to a “strong-buy” rating in a research note on Monday, September 16th. Finally, Northland Securities increased their price target on shares of RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, RealReal has an average rating of “Moderate Buy” and an average target price of $7.38.

Hedge Funds Weigh In On RealReal

Several institutional investors and hedge funds have recently made changes to their positions in REAL. Anchorage Capital Advisors L.P. bought a new stake in RealReal in the third quarter worth $10,675,000. Renaissance Technologies LLC purchased a new stake in RealReal during the 2nd quarter valued at about $1,563,000. Capricorn Fund Managers Ltd grew its position 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. Walleye Capital LLC bought a new position in RealReal during the 3rd quarter worth approximately $1,163,000. Finally, NewEdge Advisors LLC lifted its position in RealReal by 309.9% in the second quarter. NewEdge Advisors LLC now owns 435,554 shares of the company’s stock valued at $1,389,000 after purchasing an additional 329,303 shares during the last quarter. Institutional investors own 64.73% of the company’s stock.

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.