The RealReal, Inc. (NASDAQ:REAL – Get Free Report) CAO Steve Ming Lo sold 96,666 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $6.10, for a total transaction of $589,662.60. Following the completion of the transaction, the chief accounting officer now directly owns 391,525 shares in the company, valued at $2,388,302.50. The trade was a 19.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
RealReal Stock Down 0.5 %
Shares of REAL opened at $6.12 on Friday. The business’s 50 day moving average is $3.86 and its two-hundred day moving average is $3.44. The RealReal, Inc. has a 52-week low of $1.52 and a 52-week high of $6.38. The firm has a market cap of $671.30 million, a price-to-earnings ratio of -6.95 and a beta of 3.09.
Hedge Funds Weigh In On RealReal
Institutional investors have recently made changes to their positions in the business. Barclays PLC increased its holdings in shares of RealReal by 306.7% in the 3rd quarter. Barclays PLC now owns 136,262 shares of the company’s stock valued at $428,000 after acquiring an additional 102,759 shares during the last quarter. Geode Capital Management LLC grew its holdings in RealReal by 2.0% during the third quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company’s stock worth $7,204,000 after acquiring an additional 44,716 shares during the period. XTX Topco Ltd acquired a new position in shares of RealReal in the 3rd quarter valued at $63,000. Wexford Capital LP acquired a new position in shares of RealReal in the 3rd quarter valued at $942,000. Finally, State Street Corp boosted its position in shares of RealReal by 22.3% in the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company’s stock valued at $5,342,000 after purchasing an additional 310,116 shares during the period. 64.73% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on REAL
RealReal Company Profile
The RealReal, Inc operates an online marketplace for resale luxury goods in the United State. The company offers various product categories, including women's fashion, men's fashion, jewelry, and watches. It primarily sells products through online marketplace and retail stores. The company was incorporated in 2011 and is headquartered in San Francisco, California.
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