Atika Capital Management LLC Takes Position in The RealReal, Inc. $REAL

Atika Capital Management LLC bought a new stake in shares of The RealReal, Inc. (NASDAQ:REAL) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 374,000 shares of the company’s stock, valued at approximately $3,976,000. Atika Capital Management LLC owned 0.32% of RealReal at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in RealReal by 7.7% in the third quarter. Vanguard Group Inc. now owns 5,929,807 shares of the company’s stock valued at $63,034,000 after purchasing an additional 425,674 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of RealReal by 3.4% in the second quarter. Marshall Wace LLP now owns 4,321,577 shares of the company’s stock worth $20,700,000 after purchasing an additional 143,165 shares during the last quarter. Jupiter Asset Management Ltd. grew its holdings in shares of RealReal by 501.0% in the third quarter. Jupiter Asset Management Ltd. now owns 1,961,057 shares of the company’s stock worth $20,846,000 after purchasing an additional 1,634,782 shares during the last quarter. Squarepoint Ops LLC increased its stake in shares of RealReal by 10.1% in the second quarter. Squarepoint Ops LLC now owns 1,927,599 shares of the company’s stock worth $9,233,000 after buying an additional 176,412 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of RealReal by 3,474.7% in the third quarter. American Century Companies Inc. now owns 1,837,907 shares of the company’s stock worth $19,537,000 after buying an additional 1,786,493 shares during the period. 64.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Levesque Rati Sahi sold 121,399 shares of RealReal stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $10.72, for a total transaction of $1,301,397.28. Following the sale, the chief executive officer directly owned 1,482,779 shares in the company, valued at $15,895,390.88. The trade was a 7.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Steve Ming Lo sold 16,962 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $10.72, for a total value of $181,832.64. Following the completion of the sale, the chief accounting officer directly owned 170,236 shares in the company, valued at approximately $1,824,929.92. The trade was a 9.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 235,298 shares of company stock valued at $2,522,395 over the last quarter. 9.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on REAL. UBS Group increased their price target on shares of RealReal from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Northland Securities set a $20.00 price objective on shares of RealReal in a research report on Wednesday, January 14th. William Blair assumed coverage on shares of RealReal in a research note on Monday, December 15th. They set an “outperform” rating for the company. Wells Fargo & Company increased 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. Finally, KeyCorp raised their target price on RealReal from $16.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, RealReal has a consensus rating of “Moderate Buy” and an average price target of $18.06.

RealReal Stock Down 5.7%

NASDAQ:REAL opened at $10.04 on Thursday. The firm’s fifty day simple moving average is $13.74 and its 200 day simple moving average is $12.60. The stock has a market cap of $1.19 billion, a P/E ratio of -9.21 and a beta of 2.67. The RealReal, Inc. has a twelve month low of $4.61 and a twelve month high of $17.39.

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.