Insider Selling: RealReal (NASDAQ:REAL) CFO Sells $323,962.75 in Stock

The RealReal, Inc. (NASDAQ:REAL) CFO Gopal Ajay Madan sold 35,023 shares of RealReal stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $9.25, for a total value of $323,962.75. Following the transaction, the chief financial officer owned 1,145,278 shares in the company, valued at $10,593,821.50. This trade represents a 2.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Gopal Ajay Madan also recently made the following trade(s):

• On Thursday, March 19th, Gopal Ajay Madan sold 51,585 shares of RealReal stock. The shares were sold at an average price of $9.29, for a total value of $479,224.65.
• On Monday, February 23rd, Gopal Ajay Madan sold 31,381 shares of RealReal stock. The shares were sold at an average price of $10.72, for a total value of $336,404.32.

RealReal Stock Performance

NASDAQ REAL opened at $9.20 on Monday. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of -9.02 and a beta of 2.84. The stock’s 50 day moving average price is $10.17 and its two-hundred day moving average price is $12.63. The RealReal, Inc. has a 52 week low of $4.70 and a 52 week high of $17.39.

RealReal (NASDAQ:REAL) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). The company had revenue of $189.72 million for the quarter, compared to the consensus estimate of $187.82 million. During the same quarter in the prior year, the company earned ($0.08) EPS. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, equities research analysts forecast that The RealReal, Inc. will post -0.19 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on REAL. Robert W. Baird set a $13.00 target price on RealReal in a report on Friday, May 8th. Wall Street Zen lowered RealReal from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. BTIG Research decreased their price objective on RealReal from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, May 8th. UBS Group decreased their price objective on RealReal from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Finally, Roth Mkm set a $17.00 price objective on RealReal in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, RealReal currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.25.

Institutional Trading of RealReal

Large investors have recently bought and sold shares of the business. Quarry LP acquired a new stake in RealReal in the third quarter valued at about $28,000. KBC Group NV acquired a new stake in RealReal in the first quarter valued at about $26,000. Larson Financial Group LLC acquired a new stake in RealReal in the third quarter valued at about $31,000. Gables Capital Management Inc. acquired a new stake in RealReal in the first quarter valued at about $35,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in RealReal in the fourth quarter valued at about $71,000. 64.73% of the stock is owned by institutional investors and hedge funds.

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.