Atika Capital Management LLC Cuts Position in The RealReal, Inc. $REAL

Atika Capital Management LLC reduced its holdings in shares of The RealReal, Inc. (NASDAQ:REAL) by 20.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 451,055 shares of the company’s stock after selling 113,945 shares during the quarter. Atika Capital Management LLC’s holdings in RealReal were worth $4,096,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in REAL. AQR Capital Management LLC increased its holdings in RealReal by 589.2% in the 1st quarter. AQR Capital Management LLC now owns 887,997 shares of the company’s stock valued at $4,786,000 after purchasing an additional 759,160 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of RealReal by 6.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,437 shares of the company’s stock valued at $326,000 after buying an additional 3,500 shares in the last quarter. Millennium Management LLC raised its holdings in shares of RealReal by 1.9% during the 1st quarter. Millennium Management LLC now owns 883,690 shares of the company’s stock valued at $4,763,000 after buying an additional 16,136 shares during the period. Legal & General Group Plc lifted its position in 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 acquiring an additional 10,052 shares in the last quarter. Finally, Amundi acquired a new stake in RealReal in the second quarter valued at approximately $197,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on REAL shares. Roth Capital set a $17.00 target price on shares of RealReal in a research report on Friday, May 8th. UBS Group reissued a “buy” rating on shares of RealReal in a research report on Wednesday, June 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a research note on Friday, July 17th. BTIG Research restated a “buy” rating and set a $17.00 target price on shares of RealReal in a research note on Wednesday, June 3rd. Finally, Wall Street Zen lowered RealReal from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, RealReal currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Insiders Place Their Bets

In related news, CEO Levesque Rati Sahi sold 81,194 shares of the business’s stock in a transaction dated 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 $14,626,803. This represents a 4.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Luke Thomas Friang sold 21,183 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $9.25, for a total transaction of $195,942.75. Following the sale, the insider owned 530,676 shares in the company, valued at approximately $4,908,753. This trade represents a 3.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 166,830 shares of company stock worth $1,543,178. Corporate insiders own 2.66% of the company’s stock.

RealReal Stock Performance

REAL stock opened at $11.37 on Friday. The firm has a market cap of $1.37 billion, a P/E ratio of -11.15 and a beta of 2.66. The RealReal, Inc. has a 12-month low of $5.00 and a 12-month high of $17.39. The stock’s 50 day simple moving average is $10.67 and its 200 day simple moving average is $11.56.

RealReal (NASDAQ:REAL) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). The business had revenue of $189.72 million during the quarter, compared to analyst estimates of $187.82 million. During the same period in the prior year, the firm earned ($0.08) EPS. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, research analysts forecast that The RealReal, Inc. will post -0.14 EPS for the current fiscal year.

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.