The RealReal, Inc. (NASDAQ:REAL – Get Free Report) insider Luke Thomas Friang sold 22,028 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $10.98, for a total value of $241,867.44. Following the sale, the insider directly owned 508,648 shares in the company, valued at approximately $5,584,955.04. The trade was a 4.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
RealReal Stock Performance
REAL stock traded up $0.15 during trading on Monday, hitting $11.27. The stock had a trading volume of 2,717,311 shares, compared to its average volume of 3,376,204. The company’s 50 day moving average price is $11.66 and its two-hundred day moving average price is $10.93. The RealReal, Inc. has a 1-year low of $7.21 and a 1-year high of $17.39. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of -10.06 and a beta of 2.69.
RealReal (NASDAQ:REAL – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. The firm had revenue of $192.57 million for the quarter, compared to analyst estimates of $188.11 million. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. As a group, sell-side analysts forecast that The RealReal, Inc. will post -0.13 earnings per share for the current fiscal year.
Analyst Ratings Changes
View Our Latest Stock Report on RealReal
Institutional Investors Weigh In On RealReal
A number of institutional investors have recently bought and sold shares of REAL. California State Teachers Retirement System raised its stake in RealReal by 1,050.0% during the second quarter. California State Teachers Retirement System now owns 1,568,836 shares of the company’s stock worth $18,497,000 after purchasing an additional 1,432,414 shares during the period. Angeles Wealth Management LLC purchased a new stake in shares of RealReal during the 2nd quarter valued at $1,290,000. Hsbc Holdings PLC increased its holdings in shares of RealReal by 37.4% during the 2nd quarter. Hsbc Holdings PLC now owns 51,907 shares of the company’s stock worth $619,000 after buying an additional 14,128 shares during the last quarter. Cannell Capital LLC acquired a new stake in shares of RealReal during the 2nd quarter worth $271,630,000. Finally, Bank of America Corp DE purchased a new position in shares of RealReal in the 2nd quarter worth $12,655,000. 64.73% of the stock is currently owned by hedge funds and other institutional investors.
About RealReal
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.
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