RealReal (NASDAQ:REAL) Insider Luke Thomas Friang Sells 22,028 Shares of Stock

The RealReal, Inc. (NASDAQ:REAL) insider Luke Thomas Friang sold 22,028 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $10.98, for a total value of $241,867.44. Following the completion of the sale, the insider directly owned 508,648 shares in the company, valued at approximately $5,584,955.04. The trade was a 4.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

RealReal Stock Performance

Shares of NASDAQ:REAL opened at $11.27 on Tuesday. The business’s fifty day moving average price is $11.66 and its two-hundred day moving average price is $10.91. The stock has a market cap of $1.37 billion, a PE 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.

RealReal (NASDAQ:REAL) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $192.57 million during the quarter, compared to analyst estimates of $188.11 million. RealReal’s revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, equities research analysts predict that The RealReal, Inc. will post -0.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Roth Capital reaffirmed a “buy” rating and set a $19.00 price target on shares of RealReal in a research note on Friday, August 7th. Robert W. Baird set a $13.00 price objective on shares of RealReal in a research report on Friday, May 8th. BTIG Research reissued a “buy” rating and set a $17.00 price objective on shares of RealReal in a research note on Wednesday, June 3rd. UBS Group raised their target price on shares of RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a research note on Friday, July 17th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, RealReal presently has an average rating of “Moderate Buy” and a consensus target price of $17.75.

Institutional Trading of RealReal

Several hedge funds and other institutional investors have recently added to or reduced their stakes in REAL. BlackRock Inc. purchased a new position in shares of RealReal during the 2nd quarter worth about $134,510,000. AWM Investment Company Inc. purchased a new stake in RealReal in the second quarter valued at approximately $21,265,000. Arrowstreet Capital Limited Partnership increased its position 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 last quarter. California State Teachers Retirement System increased its position in RealReal by 1,050.0% during the second quarter. California State Teachers Retirement System now owns 1,568,836 shares of the company’s stock worth $18,497,000 after purchasing an additional 1,432,414 shares during the last quarter. Finally, Bank of America Corp DE purchased a new position in RealReal during the second quarter worth approximately $12,655,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

RealReal News Roundup

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.