RealReal (NASDAQ:REAL) CEO Sells $751,044.50 in Stock

by · The Cerbat Gem

The RealReal, Inc. (NASDAQ:REAL – Get Free Report) CEO Levesque Rati Sahi sold 81,194 shares of RealReal stock in a transaction that occurred 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 transaction, the chief executive officer owned 1,581,276 shares of the company’s stock, valued at $14,626,803. This trade represents a 4.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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 Stock Performance

NASDAQ:REAL opened at $9.20 on Monday. The RealReal, Inc. has a 1 year low of $4.70 and a 1 year high of $17.39. The firm has a 50 day moving average of $10.17 and a 200-day moving average of $12.63. The stock has a market capitalization of $1.11 billion, a P/E ratio of -9.02 and a beta of 2.84.

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. BTIG Research cut their target price on shares of RealReal from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Robert W. Baird set a $13.00 price objective on shares of RealReal in a research report on Friday, May 8th. Roth Mkm set a $17.00 price objective on shares of RealReal in a research report on Friday, May 8th. Wall Street Zen cut shares of RealReal from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Finally, UBS Group dropped their price objective on shares of RealReal from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. One 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, the company currently has an average rating of “Moderate Buy” and an average target price of $17.25.

Get Our Latest Stock Report on RealReal

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Comerica Bank raised its position in shares of RealReal by 0.3% during the 3rd quarter. Comerica Bank now owns 351,156 shares of the company’s stock valued at $3,733,000 after acquiring an additional 1,156 shares during the last quarter. Larson Financial Group LLC raised its position in shares of RealReal by 40.7% during the 4th quarter. Larson Financial Group LLC now owns 4,099 shares of the company’s stock valued at $65,000 after acquiring an additional 1,185 shares during the last quarter. Evoke Wealth LLC raised its position in shares of RealReal by 2.9% during the 4th quarter. Evoke Wealth LLC now owns 43,853 shares of the company’s stock valued at $692,000 after acquiring an additional 1,240 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of RealReal by 25.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,253 shares of the company’s stock valued at $57,000 after acquiring an additional 1,253 shares during the last quarter. Finally, DRW Securities LLC raised its position in shares of RealReal by 10.3% during the 4th quarter. DRW Securities LLC now owns 17,717 shares of the company’s stock valued at $280,000 after acquiring an additional 1,650 shares during the last quarter. Institutional investors own 64.73% of the company’s stock.

About RealReal

(Get Free Report)

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.

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