The RealReal, Inc. (NASDAQ:REAL) Shares Sold by Kanen Wealth Management LLC

Kanen Wealth Management LLC lessened its holdings in shares of The RealReal, Inc. (NASDAQ:REAL) by 13.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,374,858 shares of the company’s stock after selling 962,518 shares during the quarter. RealReal accounts for approximately 25.9% of Kanen Wealth Management LLC’s holdings, making the stock its largest holding. Kanen Wealth Management LLC owned 0.06% of RealReal worth $69,677,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fortis Group Advisors LLC boosted its holdings in shares of RealReal by 11.0% in the third quarter. Fortis Group Advisors LLC now owns 77,635 shares of the company’s stock valued at $244,000 after buying an additional 7,686 shares during the period. Quantum Private Wealth LLC boosted its stake in RealReal by 6.1% in the 3rd quarter. Quantum Private Wealth LLC now owns 173,248 shares of the company’s stock worth $544,000 after purchasing an additional 10,000 shares during the period. MetLife Investment Management LLC increased its holdings in RealReal by 43.9% during the 3rd quarter. MetLife Investment Management LLC now owns 35,970 shares of the company’s stock worth $113,000 after purchasing an additional 10,981 shares in the last quarter. Evoke Wealth LLC bought a new position in RealReal during the 2nd quarter worth about $36,000. Finally, Park Edge Advisors LLC acquired a new stake in shares of RealReal in the 3rd quarter valued at about $41,000. 64.73% of the stock is currently owned by institutional investors.

RealReal Trading Up 0.7 %

Shares of RealReal stock opened at $9.52 on Monday. The RealReal, Inc. has a 12-month low of $1.52 and a 12-month high of $11.38. The business’s 50 day moving average is $7.66 and its 200-day moving average is $4.67.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on REAL shares. UBS Group increased their price objective on RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Wells Fargo & Company raised shares of RealReal from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $4.00 to $15.00 in a research note on Monday, December 9th. Finally, Northland Securities boosted their price objective on shares of RealReal from $6.50 to $12.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $7.38.

Insiders Place Their Bets

In other RealReal news, CAO Steve Ming Lo sold 96,666 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $6.10, for a total transaction of $589,662.60. Following the completion of the sale, the chief accounting officer now owns 391,525 shares of the company’s stock, valued at $2,388,302.50. This trade represents a 19.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John E. Koryl sold 396,478 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $9.61, for a total transaction of $3,810,153.58. The disclosure for this sale can be found here. Insiders own 9.78% of the company’s stock.

About RealReal

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.