Squarepoint Ops LLC Sells 949,741 Shares of The RealReal, Inc. $REAL

Squarepoint Ops LLC cut its stake in The RealReal, Inc. (NASDAQ:REAL) by 53.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 833,630 shares of the company’s stock after selling 949,741 shares during the period. Squarepoint Ops LLC’s holdings in RealReal were worth $9,828,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in REAL. Allworth Financial LP raised its stake in shares of RealReal by 211.3% in the 2nd quarter. Allworth Financial LP now owns 4,504 shares of the company’s stock valued at $53,000 after purchasing an additional 3,057 shares during the period. Arizona State Retirement System grew its holdings in shares of RealReal by 12.9% during the second quarter. Arizona State Retirement System now owns 30,369 shares of the company’s stock worth $358,000 after buying an additional 3,464 shares in the last quarter. Corient Private Wealth LP acquired a new stake in RealReal in the 2nd quarter valued at approximately $142,000. Amundi raised its position in RealReal by 50.4% in the 2nd quarter. Amundi now owns 51,443 shares of the company’s stock valued at $607,000 after buying an additional 17,238 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in RealReal in the 2nd quarter valued at approximately $526,000. Institutional investors own 64.73% of the company’s stock.

RealReal Stock Performance

REAL opened at $9.55 on Friday. The business’s 50-day simple moving average is $11.17 and its 200 day simple moving average is $10.75. The RealReal, Inc. has a 52-week low of $8.05 and a 52-week high of $17.39. The firm has a market capitalization of $1.16 billion, a PE ratio of -8.53 and a beta of 2.71.

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

Wall Street Analyst Weigh In

REAL has been the subject of a number of recent research reports. Roth Capital reaffirmed a “buy” rating and set a $19.00 price target on shares of RealReal in a research report on Friday, August 7th. BTIG Research reiterated a “buy” rating and issued a $17.00 price objective on shares of RealReal in a report on Wednesday, June 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of RealReal in a research report on Friday, July 17th. Finally, UBS Group increased their target price on shares of RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $17.75.

Insider Buying and Selling

In other RealReal news, insider Todd A. Suko sold 17,567 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $10.97, for a total transaction of $192,709.99. Following the transaction, the insider owned 587,897 shares of the company’s stock, valued at $6,449,230.09. The trade was a 2.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gopal Madan sold 36,418 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $10.98, for a total value of $399,869.64. Following the completion of the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 173,004 shares of company stock worth $1,899,283 in the last 90 days. 2.66% of the stock is owned by corporate insiders.

RealReal Company Profile

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.