Levesque Rati Sahi Sells 81,194 Shares of RealReal (NASDAQ:REAL) Stock

The RealReal, Inc. (NASDAQ:REAL) CEO Levesque Rati Sahi sold 81,194 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $9.25, for a total transaction of $751,044.50. Following the completion of the sale, the chief executive officer owned 1,581,276 shares of the company’s stock, valued at approximately $14,626,803. This trade represents a 4.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Levesque Rati Sahi also recently made the following trade(s):

• On Monday, February 23rd, Levesque Rati Sahi sold 121,399 shares of RealReal stock. The shares were sold at an average price of $10.72, for a total transaction of $1,301,397.28.

RealReal Price Performance

REAL stock opened at $9.20 on Friday. The company has a fifty day moving average price of $10.17 and a 200 day moving average price of $12.62. The RealReal, Inc. has a 12 month low of $4.70 and a 12 month high of $17.39. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -9.02 and a beta of 2.84.

RealReal (NASDAQ:REAL) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $189.72 million during the quarter, compared to analysts’ expectations of $187.82 million. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.08) EPS. As a group, analysts anticipate that The RealReal, Inc. will post -0.19 earnings per share for the current year.

Hedge Funds Weigh In On RealReal

A number of institutional investors and hedge funds have recently made changes to their positions in REAL. AQR Capital Management LLC grew its stake in shares of RealReal by 589.2% during the 1st quarter. AQR Capital Management LLC now owns 887,997 shares of the company’s stock worth $4,786,000 after purchasing an additional 759,160 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of RealReal by 6.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,437 shares of the company’s stock worth $326,000 after purchasing an additional 3,500 shares during the period. Millennium Management LLC grew its stake in shares of RealReal by 1.9% during the 1st quarter. Millennium Management LLC now owns 883,690 shares of the company’s stock worth $4,763,000 after purchasing an additional 16,136 shares during the period. Legal & General Group Plc grew its stake in shares of RealReal by 14.1% during the 2nd quarter. Legal & General Group Plc now owns 81,292 shares of the company’s stock worth $389,000 after purchasing an additional 10,052 shares during the period. Finally, Amundi acquired a new position in shares of RealReal during the 2nd quarter worth $197,000. 64.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on REAL. Wall Street Zen cut shares of RealReal from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Roth Mkm set a $17.00 price objective on shares of RealReal in a research note on Friday, May 8th. BTIG Research dropped their price objective on shares of RealReal from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of RealReal in a research note on Tuesday, April 21st. Finally, UBS Group dropped their price objective on shares of RealReal from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, RealReal has an average rating of “Moderate Buy” and an average target price of $17.25.

RealReal Company Profile

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.