Key Points
- RealReal CFO Gopal Ajay Madan sold 51,585 shares on March 19 at an average price of $9.29 for about $479,225, trimming his stake by 4.19% to 1,179,307 shares; he also sold 31,381 shares on Feb. 23 at $10.72.
- The stock opened at $8.64 and was down 6.3%, with a market cap of roughly $1.03 billion and a 12‑month range of $4.61–$17.39, while analysts hold a consensus of Moderate Buy and an average price target of $18.06.
The RealReal, Inc. (NASDAQ:REAL - Get Free Report) CFO Gopal Ajay Madan sold 51,585 shares of the business's stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $9.29, for a total transaction of $479,224.65. Following the sale, the chief financial officer directly owned 1,179,307 shares of the company's stock, valued at $10,955,762.03. This represents a 4.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Gopal Ajay Madan also recently made the following trade(s):
- On Monday, February 23rd, Gopal Ajay Madan sold 31,381 shares of RealReal stock. The stock was sold at an average price of $10.72, for a total transaction of $336,404.32.
RealReal Trading Down 6.3%
Shares of RealReal stock opened at $8.64 on Friday. The RealReal, Inc. has a twelve month low of $4.61 and a twelve month high of $17.39. The firm has a market capitalization of $1.03 billion, a PE ratio of -7.93 and a beta of 2.67. The firm's 50-day moving average price is $12.81 and its 200 day moving average price is $12.65.
Institutional Investors Weigh In On RealReal
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP purchased a new position in RealReal during the third quarter worth approximately $28,000. Larson Financial Group LLC purchased a new stake in RealReal in the 3rd quarter valued at $31,000. State of Alaska Department of Revenue purchased a new stake in RealReal in the 3rd quarter valued at $59,000. Flagship Harbor Advisors LLC acquired a new stake in shares of RealReal in the 4th quarter worth $71,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of RealReal in the 4th quarter worth $104,000. Institutional investors and hedge funds own 64.73% of the company's stock.
Analyst Ratings Changes
REAL has been the subject of several recent research reports. B. Riley Financial increased their price objective on RealReal from $14.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, December 12th. Robert W. Baird lifted their target price on shares of RealReal from $15.00 to $16.00 and gave the stock a "neutral" rating in a research note on Friday, February 27th. KeyCorp upped their target price on shares of RealReal from $16.00 to $20.00 and gave the stock an "overweight" rating in a report on Thursday, January 22nd. Northland Securities set a $20.00 target price on shares of RealReal in a research report on Wednesday, January 14th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of RealReal in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, RealReal has a consensus rating of "Moderate Buy" and an average price target of $18.06.
View Our Latest Analysis on REAL
RealReal Company Profile
(
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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