RealReal (NASDAQ:REAL) CFO Gopal Ajay Madan Sells 36,418 Shares of Stock

The RealReal, Inc. (NASDAQ:REAL) CFO Gopal Ajay Madan sold 36,418 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $10.98, for a total transaction of $399,869.64. Following the completion of the transaction, the chief financial officer owned 1,108,860 shares in the company, valued at $12,175,282.80. This represents a 3.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

RealReal Trading Up 1.3%

REAL stock opened at $11.27 on Tuesday. The stock has a market cap of $1.37 billion, a P/E ratio of -10.06 and a beta of 2.69. The RealReal, Inc. has a twelve month low of $7.21 and a twelve month high of $17.39. The company’s 50 day moving average is $11.66 and its two-hundred day moving average is $10.91.

RealReal (NASDAQ:REAL) last issued its earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $192.57 million during the quarter, compared to analyst estimates of $188.11 million. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, equities research analysts predict that The RealReal, Inc. will post -0.13 earnings per share for the current year.

Institutional Investors Weigh In On RealReal

A number of institutional investors and hedge funds have recently made changes to their positions in REAL. KBC Group NV acquired a new stake in shares of RealReal during the first quarter worth about $26,000. Quarry LP purchased a new position in shares of RealReal during the third quarter worth about $28,000. Larson Financial Group LLC acquired a new position in RealReal in the 3rd quarter valued at about $31,000. Gables Capital Management Inc. purchased a new stake in RealReal during the 1st quarter valued at approximately $35,000. Finally, Persistent Asset Partners Ltd acquired a new stake in RealReal during the 2nd quarter worth approximately $46,000. 64.73% of the stock is owned by hedge funds and other institutional investors.

RealReal News Roundup

Here are the key news stories impacting RealReal this week:

• Positive Sentiment: The RealReal is using artificial intelligence to price and authenticate items in seconds, a development that could improve transaction speed, operational efficiency, and customer trust. The RealReal is using AI to help price and authenticate items in seconds
• Positive Sentiment: Broader interest in luxury resale and the emergence of more fashion-focused consumers may expand the addressable market for The RealReal’s authenticated secondhand luxury platform. In Luxury’s New Resale Era, Everyone’s a Fashion Expert
• Neutral Sentiment: The company’s latest reported quarter provided a supportive backdrop, with revenue rising 16.6% year over year to $192.57 million and adjusted EPS exceeding consensus expectations, although The RealReal remains unprofitable.
• Negative Sentiment: Multiple insiders sold shares on August 21 at approximately $10.97-$10.98. CEO Levesque Rati Sahi sold 84,432 shares, while CFO Gopal Ajay Madan sold 36,418 shares; additional sales came from CAO Steve Ming Lo and insider Todd A. Suko. Collectively, the transactions totaled about $1.90 million and reduced each seller’s position by roughly 2.9% to 6.6%. The sales were disclosed in SEC filings: CEO Form 4 filing Insider Form 4 filing CAO Form 4 filing CFO Form 4 filing

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on REAL. Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a research report on Friday, July 17th. BTIG Research restated a “buy” rating and set a $17.00 price target on shares of RealReal in a research note on Wednesday, June 3rd. Robert W. Baird set a $13.00 price target on RealReal in a research report on Friday, May 8th. UBS Group boosted their price objective on RealReal from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Finally, Roth Capital reissued a “buy” rating and issued a $19.00 price objective on shares of RealReal in a report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.75.

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.