The RealReal, Inc. $REAL Shares Sold by Crestwood Capital Management L.P.

Crestwood Capital Management L.P. cut its position in shares of The RealReal, Inc. (NASDAQ:REAL) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,343,081 shares of the company’s stock after selling 100,000 shares during the quarter. RealReal accounts for 13.4% of Crestwood Capital Management L.P.’s investment portfolio, making the stock its 2nd biggest holding. Crestwood Capital Management L.P.’s holdings in RealReal were worth $21,194,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of REAL. AQR Capital Management LLC raised its holdings in RealReal by 589.2% during the first quarter. AQR Capital Management LLC now owns 887,997 shares of the company’s stock worth $4,786,000 after purchasing an additional 759,160 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 worth $326,000 after purchasing an additional 3,500 shares during the last quarter. Millennium Management LLC raised its holdings in RealReal by 1.9% during the first quarter. Millennium Management LLC now owns 883,690 shares of the company’s stock worth $4,763,000 after purchasing an additional 16,136 shares during the last quarter. Legal & General Group Plc increased its position in RealReal by 14.1% during the second quarter. Legal & General Group Plc now owns 81,292 shares of the company’s stock worth $389,000 after buying an additional 10,052 shares in the last quarter. Finally, Amundi purchased a new position in RealReal during the second quarter worth $197,000. 64.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on REAL. Roth Mkm set a $17.00 price target on 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. Robert W. Baird set a $13.00 price target on RealReal in a research report on Friday, May 8th. BTIG Research reissued a “buy” rating and set a $17.00 price target on shares of RealReal in a research report on Wednesday, June 3rd. Finally, Wall Street Zen downgraded RealReal from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Insider Activity at RealReal

In other RealReal news, insider Luke Thomas Friang sold 21,183 shares of the business’s 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 transaction, the insider owned 530,676 shares in the company, valued at $4,908,753. The trade was a 3.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Steve Ming Lo sold 12,077 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $9.25, for a total value of $111,712.25. Following the transaction, the chief accounting officer owned 189,469 shares in the company, valued at approximately $1,752,588.25. This represents a 5.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 218,415 shares of company stock valued at $2,022,402 over the last 90 days. Corporate insiders own 2.66% of the company’s stock.

RealReal Stock Performance

Shares of RealReal stock opened at $8.87 on Monday. The RealReal, Inc. has a twelve month low of $4.70 and a twelve month high of $17.39. The stock has a market capitalization of $1.07 billion, a P/E ratio of -8.70 and a beta of 2.72. The business’s fifty day moving average price is $10.18 and its 200 day moving average price is $12.39.

RealReal (NASDAQ:REAL) last issued its earnings results on Thursday, May 7th. The company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm had revenue of $189.72 million during the quarter, compared to analyst estimates of $187.82 million. During the same quarter in the previous year, the business posted ($0.08) EPS. RealReal’s revenue was up 18.5% compared to the same quarter last year. As a group, sell-side analysts predict that The RealReal, Inc. will post -0.15 EPS for the current 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.