RealReal (NASDAQ:REAL) CFO Gopal Ajay Madan Sells 51,585 Shares of Stock

The RealReal, Inc. (NASDAQ:REAL) CFO Gopal Ajay Madan sold 51,585 shares of RealReal stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $9.29, for a total transaction of $479,224.65. Following the sale, the chief financial officer owned 1,179,307 shares of the company’s stock, valued at approximately $10,955,762.03. The trade was a 4.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through 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 Price Performance

Shares of RealReal stock opened at $8.64 on Friday. The stock has a market cap of $1.03 billion, a PE ratio of -7.93 and a beta of 2.67. The firm has a fifty day moving average price of $12.81 and a 200 day moving average price of $12.65. The RealReal, Inc. has a 1 year low of $4.61 and a 1 year high of $17.39.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on REAL shares. KeyCorp boosted their price target on RealReal from $16.00 to $20.00 and gave the company an “overweight” rating in a report on Thursday, January 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a report on Thursday, January 22nd. Wall Street Zen upgraded shares of RealReal from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Northland Securities set a $20.00 price target on shares of RealReal in a report on Wednesday, January 14th. Finally, William Blair initiated coverage on shares of RealReal in a research report on Monday, December 15th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, RealReal has an average rating of “Moderate Buy” and a consensus target price of $18.06.

Hedge Funds Weigh In On RealReal

A number of hedge funds have recently bought and sold shares of REAL. Federated Hermes Inc. acquired a new position in shares of RealReal during the 3rd quarter worth approximately $2,177,000. BIT Capital GmbH acquired a new stake in RealReal in the 3rd quarter valued at $10,912,000. Jupiter Asset Management Ltd. grew its stake in RealReal by 501.0% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,961,057 shares of the company’s stock valued at $20,846,000 after acquiring an additional 1,634,782 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in RealReal by 189.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 920,365 shares of the company’s stock worth $9,793,000 after acquiring an additional 602,670 shares in the last quarter. Finally, Maverick Capital Ltd. acquired a new position in RealReal during the second quarter worth $2,220,000. Hedge funds and other institutional investors own 64.73% of the company’s stock.

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.