Capricorn Fund Managers Ltd Has $6.20 Million Holdings in The RealReal, Inc. $REAL

Capricorn Fund Managers Ltd reduced its stake in shares of The RealReal, Inc. (NASDAQ:REAL) by 67.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 392,897 shares of the company’s stock after selling 796,593 shares during the period. RealReal accounts for approximately 1.5% of Capricorn Fund Managers Ltd’s investment portfolio, making the stock its 26th biggest position. Capricorn Fund Managers Ltd owned approximately 0.34% of RealReal worth $6,200,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of RealReal in the third quarter valued at about $28,000. Larson Financial Group LLC bought a new position in shares of RealReal during the third quarter worth about $31,000. State of Alaska Department of Revenue acquired a new position in shares of RealReal in the third quarter worth approximately $59,000. EHP Funds Inc. bought a new stake in RealReal in the third quarter valued at approximately $107,000. Finally, CIBC Bancorp USA Inc. bought a new stake in RealReal in the third quarter valued at approximately $108,000. 64.73% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Levesque Rati Sahi sold 121,399 shares of RealReal stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $10.72, for a total value of $1,301,397.28. Following the completion of the sale, the chief executive officer owned 1,482,779 shares of the company’s stock, valued at approximately $15,895,390.88. This trade represents a 7.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Gopal Ajay Madan sold 51,585 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $9.29, for a total transaction of $479,224.65. Following the transaction, the chief financial officer owned 1,179,307 shares in the company, valued at approximately $10,955,762.03. The trade was a 4.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 286,883 shares of company stock worth $3,001,619 in the last quarter. Insiders own 9.00% of the company’s stock.

Wall Street Analyst Weigh In

REAL has been the subject of several analyst reports. Wells Fargo & Company raised their price target on shares of RealReal from $15.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. B. Riley Financial increased their price objective on shares of RealReal from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. UBS Group lifted their target price on shares of RealReal from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. BTIG Research restated a “buy” rating and issued a $18.00 target price on shares of RealReal in a report on Friday, February 27th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.06.

RealReal Stock Performance

Shares of NASDAQ REAL opened at $9.12 on Monday. The firm’s 50-day moving average price is $11.33 and its 200-day moving average price is $12.70. The RealReal, Inc. has a 1-year low of $4.61 and a 1-year high of $17.39. The firm has a market capitalization of $1.09 billion, a P/E ratio of -8.37 and a beta of 2.81.

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.