Allspring Global Investments Holdings LLC Trims Stock Position in The RealReal, Inc. $REAL

Allspring Global Investments Holdings LLC lessened its position in shares of The RealReal, Inc. (NASDAQ:REAL) by 53.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 425,624 shares of the company’s stock after selling 494,741 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.36% of RealReal worth $6,725,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in REAL. AQR Capital Management LLC increased its holdings in RealReal by 589.2% in the 1st quarter. AQR Capital Management LLC now owns 887,997 shares of the company’s stock valued at $4,786,000 after purchasing an additional 759,160 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in RealReal by 6.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,437 shares of the company’s stock valued at $326,000 after purchasing an additional 3,500 shares during the last quarter. Millennium Management LLC increased its holdings in RealReal by 1.9% in the 1st quarter. Millennium Management LLC now owns 883,690 shares of the company’s stock valued at $4,763,000 after purchasing an additional 16,136 shares during the last quarter. Swiss National Bank increased its holdings in RealReal by 6.6% in the 2nd quarter. Swiss National Bank now owns 170,000 shares of the company’s stock valued at $814,000 after purchasing an additional 10,600 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in RealReal by 14.1% in the 2nd quarter. Legal & General Group Plc now owns 81,292 shares of the company’s stock valued at $389,000 after purchasing an additional 10,052 shares during the last quarter. Institutional investors and hedge funds own 64.73% of the company’s stock.

RealReal Stock Up 3.1%

NASDAQ:REAL opened at $9.40 on Tuesday. The company has a fifty day simple moving average of $11.20 and a two-hundred day simple moving average of $12.69. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -8.62 and a beta of 2.81. The RealReal, Inc. has a 52 week low of $4.61 and a 52 week high of $17.39.

Wall Street Analyst Weigh In

REAL has been the subject of several research reports. UBS Group lifted their target price on shares of RealReal from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. BTIG Research reiterated a “buy” rating and issued a $18.00 target price on shares of RealReal in a report on Friday, February 27th. William Blair initiated coverage on shares of RealReal in a report on Monday, December 15th. They issued an “outperform” rating for the company. B. Riley Financial boosted their price target on shares of RealReal from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of RealReal in a research note on Thursday, January 22nd. One equities 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 given a Sell rating to the stock. According to MarketBeat, RealReal currently has an average rating of “Moderate Buy” and a consensus target price of $18.06.

Insiders Place Their Bets

In related news, insider Todd A. Suko sold 45,947 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $10.72, for a total transaction of $492,551.84. Following the completion of the transaction, the insider owned 560,563 shares in the company, valued at approximately $6,009,235.36. The trade was a 7.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Steve Ming Lo sold 16,962 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $10.72, for a total transaction of $181,832.64. Following the transaction, the chief accounting officer owned 170,236 shares of the company’s stock, valued at approximately $1,824,929.92. The trade was a 9.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 286,883 shares of company stock valued at $3,001,619. Corporate insiders own 9.00% 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.