Gopal Ajay Madan Sells 51,585 Shares of RealReal (NASDAQ:REAL) Stock

The RealReal, Inc. (NASDAQ:REAL) CFO Gopal Ajay Madan sold 51,585 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $9.29, for a total transaction of $479,224.65. Following the sale, the chief financial officer directly owned 1,179,307 shares in the company, valued at $10,955,762.03. This trade represents a 4.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Monday, February 23rd, Gopal Ajay Madan sold 31,381 shares of RealReal stock. The stock was sold at an average price of $10.72, for a total value of $336,404.32.

RealReal Price Performance

Shares of NASDAQ:REAL opened at $8.64 on Friday. The RealReal, Inc. has a 1 year low of $4.61 and a 1 year high of $17.39. The business’s 50-day moving average is $12.81 and its 200-day moving average is $12.69. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -7.93 and a beta of 2.67.

Analyst Ratings Changes

A number of research firms have issued reports on REAL. Northland Securities set a $20.00 price target on RealReal in a report on Wednesday, January 14th. Wall Street Zen upgraded shares of RealReal from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of RealReal in a research report on Thursday, January 22nd. BTIG Research reissued a “buy” rating and set a $18.00 target price on shares of RealReal in a research note on Friday, February 27th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.06.

Hedge Funds Weigh In On RealReal

Several large investors have recently added to or reduced their stakes in REAL. Alpine Global Management LLC boosted its stake in RealReal by 934.6% during the 4th quarter. Alpine Global Management LLC now owns 72,421 shares of the company’s stock valued at $1,143,000 after purchasing an additional 65,421 shares during the last quarter. Invesco Ltd. raised its stake in shares of RealReal by 60.1% in the fourth quarter. Invesco Ltd. now owns 286,851 shares of the company’s stock worth $4,527,000 after purchasing an additional 107,640 shares during the last quarter. Voloridge Investment Management LLC raised its stake in shares of RealReal by 20.1% in the fourth quarter. Voloridge Investment Management LLC now owns 920,182 shares of the company’s stock worth $14,520,000 after purchasing an additional 153,798 shares during the last quarter. Tudor Investment Corp ET AL lifted its holdings in shares of RealReal by 9.3% in the fourth quarter. Tudor Investment Corp ET AL now owns 753,856 shares of the company’s stock valued at $11,896,000 after purchasing an additional 63,858 shares in the last quarter. Finally, Numerai GP LLC lifted its holdings in shares of RealReal by 370.6% in the fourth quarter. Numerai GP LLC now owns 56,947 shares of the company’s stock valued at $899,000 after purchasing an additional 44,845 shares in the last quarter. Institutional investors own 64.73% of the company’s stock.

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.