GSA Capital Partners LLP Reduces Holdings in The RealReal, Inc. $REAL

GSA Capital Partners LLP reduced its position in The RealReal, Inc. (NASDAQ:REAL) by 60.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 179,592 shares of the company’s stock after selling 273,552 shares during the period. GSA Capital Partners LLP’s holdings in RealReal were worth $1,909,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Arizona State Retirement System boosted its holdings in RealReal by 9.6% in the third quarter. Arizona State Retirement System now owns 28,446 shares of the company’s stock valued at $302,000 after purchasing an additional 2,496 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of RealReal by 6.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,437 shares of the company’s stock valued at $326,000 after purchasing an additional 3,500 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of RealReal by 1.9% in the 2nd quarter. Raymond James Financial Inc. now owns 283,850 shares of the company’s stock valued at $1,360,000 after purchasing an additional 5,373 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of RealReal during the 3rd quarter valued at approximately $59,000. Finally, AlphaQuest LLC grew its position in shares of RealReal by 57.8% during the third quarter. AlphaQuest LLC now owns 17,224 shares of the company’s stock worth $183,000 after buying an additional 6,306 shares in the last quarter. 64.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at RealReal

In related news, insider Luke Thomas Friang sold 18,619 shares of the company’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $13.06, for a total transaction of $243,164.14. Following the completion of the transaction, the insider directly owned 499,265 shares in the company, valued at $6,520,400.90. This represents a 3.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Levesque Rati Sahi sold 97,036 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $13.06, for a total value of $1,267,290.16. Following the completion of the sale, the chief executive officer directly owned 1,604,178 shares in the company, valued at $20,950,564.68. This represents a 5.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 361,130 shares of company stock worth $4,923,541. 9.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

REAL has been the topic of several recent analyst reports. KeyCorp upped their price target on shares of RealReal from $16.00 to $20.00 and gave the company an “overweight” rating in a report on Thursday, January 22nd. Robert W. Baird set a $15.00 price target on shares of RealReal in a research report on Wednesday, December 17th. UBS Group lifted their price target on RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Roth Mkm set a $17.50 target price on RealReal and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, Wall Street Zen lowered RealReal from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. One 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 issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $17.94.

RealReal Stock Up 6.5%

Shares of REAL stock opened at $11.45 on Tuesday. The business has a 50 day moving average of $15.06 and a two-hundred day moving average of $12.10. The RealReal, Inc. has a 52 week low of $4.61 and a 52 week high of $17.39. The company has a market cap of $1.34 billion, a P/E ratio of -8.30 and a beta of 2.65.

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.