Graham Capital Management L.P. Has $789,000 Stock Holdings in The RealReal, Inc. (NASDAQ:REAL)

Graham Capital Management L.P. increased its holdings in The RealReal, Inc. (NASDAQ:REAL) by 23.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,158 shares of the company’s stock after purchasing an additional 13,739 shares during the period. Graham Capital Management L.P. owned approximately 0.07% of RealReal worth $789,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in REAL. Norges Bank acquired a new position in RealReal in the fourth quarter worth about $11,989,000. Driehaus Capital Management LLC acquired a new position in RealReal in the fourth quarter worth about $10,370,000. Invesco Ltd. raised its position in RealReal by 413.4% in the fourth quarter. Invesco Ltd. now owns 1,053,911 shares of the company’s stock worth $11,519,000 after purchasing an additional 848,640 shares in the last quarter. Quinn Opportunity Partners LLC increased its holdings in shares of RealReal by 233.3% during the fourth quarter. Quinn Opportunity Partners LLC now owns 1,066,057 shares of the company’s stock worth $11,652,000 after buying an additional 746,172 shares in the last quarter. Finally, Atika Capital Management LLC acquired a new stake in shares of RealReal during the fourth quarter worth approximately $8,149,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

RealReal Trading Down 1.8%

NASDAQ REAL opened at $5.50 on Wednesday. The firm has a market cap of $622.02 million, a price-to-earnings ratio of -4.26 and a beta of 2.61. The company has a 50 day moving average of $5.72 and a 200-day moving average of $6.77. The RealReal, Inc. has a 1-year low of $2.24 and a 1-year high of $11.38.

RealReal (NASDAQ:REAL) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The firm had revenue of $160.03 million for the quarter, compared to the consensus estimate of $159.98 million. On average, analysts forecast that The RealReal, Inc. will post -0.4 earnings per share for the current year.

Analysts Set New Price Targets

Separately, UBS Group raised their price objective on shares of RealReal from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Friday, May 9th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, RealReal presently has an average rating of “Moderate Buy” and a consensus price target of $8.40.

Insider Activity at RealReal

In related news, CEO Levesque Rati Sahi sold 113,917 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total value of $786,027.30. Following the completion of the sale, the chief executive officer now owns 2,307,199 shares of the company’s stock, valued at $15,919,673.10. This trade represents a 4.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Gopal Ajay Madan sold 102,386 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $706,463.40. Following the completion of the sale, the chief financial officer now directly owns 1,327,198 shares of the company’s stock, valued at approximately $9,157,666.20. This represents a 7.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 258,283 shares of company stock valued at $1,782,153 over the last quarter. Corporate insiders own 9.78% of the company’s stock.

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.