Atika Capital Management LLC Purchases Shares of 745,600 The RealReal, Inc. (NASDAQ:REAL)

Atika Capital Management LLC bought a new position in The RealReal, Inc. (NASDAQ:REAL - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 745,600 shares of the company's stock, valued at approximately $8,149,000. Atika Capital Management LLC owned approximately 0.68% of RealReal as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of RealReal by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 4,905,132 shares of the company's stock valued at $53,613,000 after acquiring an additional 121,626 shares during the period. Geode Capital Management LLC raised its stake in RealReal by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 2,327,782 shares of the company's stock worth $25,447,000 after buying an additional 33,927 shares during the period. State Street Corp raised its stake in RealReal by 22.3% during the 3rd quarter. State Street Corp now owns 1,701,387 shares of the company's stock worth $5,342,000 after buying an additional 310,116 shares during the period. Norges Bank acquired a new stake in RealReal in the fourth quarter valued at approximately $11,989,000. Finally, JPMorgan Chase & Co. raised its position in shares of RealReal by 15.2% during the third quarter. JPMorgan Chase & Co. now owns 738,619 shares of the company's stock worth $2,319,000 after purchasing an additional 97,700 shares during the period. 64.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. UBS Group lowered their price objective on shares of RealReal from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Northland Securities raised their price target on shares of RealReal from $6.50 to $12.50 and gave the company an "outperform" rating in a research report on Tuesday, December 17th. Two investment 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 company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $8.33.

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RealReal Stock Down 4.0 %

NASDAQ REAL traded down $0.21 during trading hours on Friday, reaching $4.93. 874,065 shares of the company were exchanged, compared to its average volume of 2,665,248. The stock has a market capitalization of $548.67 million, a P/E ratio of -3.83 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. The business's 50 day simple moving average is $6.44 and its 200-day simple moving average is $6.34.

RealReal (NASDAQ:REAL - Get Free Report) last posted 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 company had revenue of $164.00 million for the quarter, compared to the consensus estimate of $162.69 million. As a group, sell-side analysts anticipate that The RealReal, Inc. will post -0.4 earnings per share for the current year.

Insider Buying and Selling at RealReal

In other RealReal news, CEO Levesque Rati Sahi sold 113,917 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $6.90, for a total transaction of $786,027.30. Following the sale, the chief executive officer now owns 2,307,199 shares of the company's stock, valued at $15,919,673.10. The trade was a 4.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Gopal Ajay Madan sold 102,386 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $6.90, for a total value of $706,463.40. Following the completion of the transaction, the chief financial officer now directly owns 1,327,198 shares of the company's stock, valued at $9,157,666.20. The trade was a 7.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 258,283 shares of company stock worth $1,782,153 over the last ninety days. 9.78% of the stock is currently owned by company insiders.

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.