The RealReal, Inc. $REAL Shares Bought by American Century Companies Inc.

American Century Companies Inc. boosted its position in shares of The RealReal, Inc. (NASDAQ:REAL) by 3,474.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,837,907 shares of the company’s stock after buying an additional 1,786,493 shares during the quarter. American Century Companies Inc. owned 1.59% of RealReal worth $19,537,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new stake in shares of RealReal during the 3rd quarter valued at $59,000. Alberta Investment Management Corp acquired a new position in RealReal in the 2nd quarter worth about $115,000. Great Lakes Advisors LLC bought a new stake in shares of RealReal in the 3rd quarter valued at approximately $121,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in RealReal in the third quarter worth approximately $127,000. Finally, Entropy Technologies LP acquired a new position in shares of RealReal during the 2nd quarter worth $141,000. 64.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RealReal in a research note on Thursday, January 22nd. Northland Securities set a $20.00 target price on shares of RealReal in a research note on Wednesday, January 14th. KeyCorp boosted their price target on RealReal from $16.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday, January 22nd. BTIG Research reaffirmed a “buy” rating and set a $18.00 price objective on shares of RealReal in a report on Friday, February 27th. Finally, Wells Fargo & Company upped their target price on shares of RealReal from $15.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.06.

RealReal Trading Down 3.9%

REAL stock opened at $10.87 on Tuesday. The stock has a market cap of $1.29 billion, a PE ratio of -9.97 and a beta of 2.68. The stock has a 50-day moving average price of $13.96 and a two-hundred day moving average price of $12.59. The RealReal, Inc. has a 1 year low of $4.61 and a 1 year high of $17.39.

Insider Buying and Selling at RealReal

In related news, insider Luke Thomas Friang sold 19,609 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $10.72, for a total value of $210,208.48. Following the completion of the transaction, the insider directly owned 479,656 shares of the company’s stock, valued at approximately $5,141,912.32. This trade represents a 3.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Levesque Rati Sahi sold 121,399 shares of RealReal stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $10.72, for a total transaction of $1,301,397.28. Following the completion of the transaction, the chief executive officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 235,298 shares of company stock valued at $2,522,395 in the last three months. 9.00% of the stock is currently owned by 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.