Landscape Capital Management L.L.C. Purchases 218,575 Shares of The RealReal, Inc. $REAL

Landscape Capital Management L.L.C. grew its position in shares of The RealReal, Inc. (NASDAQ:REAL) by 23.0% during the third quarter, Holdings Channel reports. The fund owned 1,170,112 shares of the company’s stock after purchasing an additional 218,575 shares during the period. RealReal makes up about 0.8% of Landscape Capital Management L.L.C.’s holdings, making the stock its 16th biggest holding. Landscape Capital Management L.L.C.’s holdings in RealReal were worth $12,438,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in shares of RealReal by 589.2% during the first 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. lifted its position in RealReal by 6.1% during 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 during the period. Millennium Management LLC lifted its position in RealReal by 1.9% during the first 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. Teacher Retirement System of Texas boosted its holdings in shares of RealReal by 217.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 35,769 shares of the company’s stock valued at $171,000 after buying an additional 24,512 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of RealReal by 49.8% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,016,843 shares of the company’s stock valued at $4,871,000 after buying an additional 337,954 shares in the last quarter. Hedge funds and other institutional investors own 64.73% of the company’s stock.

Insider Transactions at RealReal

In other news, CFO Gopal Ajay Madan sold 31,381 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $10.72, for a total transaction of $336,404.32. Following the sale, the chief financial officer owned 1,124,711 shares in the company, valued at $12,056,901.92. This represents a 2.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Levesque Rati Sahi sold 121,399 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $10.72, for a total transaction of $1,301,397.28. Following the sale, the chief executive officer directly owned 1,482,779 shares of the company’s stock, valued at $15,895,390.88. This trade represents a 7.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 235,298 shares of company stock valued at $2,522,395. 9.00% of the stock is currently owned by insiders.

RealReal Price Performance

REAL stock traded down $0.00 during trading on Friday, hitting $9.97. 315,461 shares of the stock traded hands, compared to its average volume of 3,288,613. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of -9.15 and a beta of 2.67. The RealReal, Inc. has a 1 year low of $4.61 and a 1 year high of $17.39. The firm’s 50 day moving average is $13.62 and its two-hundred day moving average is $12.58.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on REAL shares. Wall Street Zen upgraded shares of RealReal from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. KeyCorp boosted their price objective on shares of RealReal from $16.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, January 22nd. William Blair assumed coverage on shares of RealReal in a report on Monday, December 15th. They issued an “outperform” rating on the stock. Wells Fargo & Company lifted their target price on shares of RealReal from $15.00 to $20.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. Finally, Weiss Ratings restated 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 given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, RealReal has a consensus rating of “Moderate Buy” and a consensus price target of $18.06.

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.