XTX Topco Ltd Acquires 46,816 Shares of The RealReal, Inc. (NASDAQ:REAL)

XTX Topco Ltd increased its holdings in The RealReal, Inc. (NASDAQ:REAL) by 234.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,769 shares of the company’s stock after buying an additional 46,816 shares during the period. XTX Topco Ltd’s holdings in RealReal were worth $730,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. R Squared Ltd bought a new position in shares of RealReal in the fourth quarter worth $49,000. Harvest Fund Management Co. Ltd bought a new position in RealReal in the 4th quarter worth about $94,000. Jag Capital Management LLC purchased a new position in RealReal during the 4th quarter valued at about $126,000. Olympiad Research LP bought a new stake in shares of RealReal during the fourth quarter valued at about $136,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of RealReal in the fourth quarter worth about $153,000. 64.73% of the stock is currently owned by hedge funds and other institutional investors.

RealReal Trading Up 4.9 %

REAL stock opened at $5.38 on Friday. The company’s 50 day moving average is $6.10 and its 200 day moving average is $6.39. The stock has a market cap of $598.51 million, a price-to-earnings ratio of -4.17 and a beta of 2.90. The RealReal, Inc. has a 1-year low of $2.24 and a 1-year high of $11.38.

RealReal (NASDAQ:REAL) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($0.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.52). The firm had revenue of $164.00 million for the quarter, compared to analysts’ expectations of $162.69 million. As a group, sell-side analysts forecast that The RealReal, Inc. will post -0.4 EPS for the current fiscal year.

Insider Buying and Selling at RealReal

In other RealReal news, insider Luke Thomas Friang sold 18,503 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $127,670.70. Following the transaction, the insider now directly owns 556,557 shares in the company, valued at $3,840,243.30. This trade represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Steve Ming Lo sold 23,477 shares of RealReal stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total transaction of $161,991.30. Following the transaction, the chief accounting officer now directly owns 330,117 shares in the company, valued at $2,277,807.30. This trade represents a 6.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 258,283 shares of company stock worth $1,782,153 over the last 90 days. Corporate insiders own 9.78% of the company’s stock.

Wall Street Analyst Weigh In

Separately, UBS Group reduced their price objective on shares of RealReal from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $8.33.

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.