Capricorn Fund Managers Ltd lessened its stake in shares of The RealReal, Inc. (NASDAQ:REAL - Free Report) by 43.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 800,000 shares of the company's stock after selling 606,738 shares during the period. RealReal accounts for about 4.0% of Capricorn Fund Managers Ltd's investment portfolio, making the stock its 4th biggest holding. Capricorn Fund Managers Ltd owned approximately 0.73% of RealReal worth $8,944,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Park Edge Advisors LLC purchased a new stake in shares of RealReal during the third quarter worth about $41,000. XTX Topco Ltd bought a new position in RealReal in the 3rd quarter worth approximately $63,000. Intech Investment Management LLC bought a new position in RealReal in the 3rd quarter worth approximately $88,000. MetLife Investment Management LLC grew 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 valued at $113,000 after buying an additional 10,981 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of RealReal during the second quarter valued at approximately $123,000. Hedge funds and other institutional investors own 64.73% of the company's stock.
Insider Buying and Selling
In other news, CAO Steve Ming Lo sold 96,666 shares of RealReal stock in a transaction that occurred on 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 sale, the chief accounting officer now owns 391,525 shares of the company's stock, valued at approximately $2,388,302.50. The trade was a 19.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John E. Koryl sold 396,478 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $9.61, for a total value of $3,810,153.58. The disclosure for this sale can be found here. 9.78% of the stock is owned by corporate insiders.
RealReal Stock Performance
NASDAQ REAL traded up $0.41 during trading on Tuesday, hitting $9.93. The stock had a trading volume of 1,954,951 shares, compared to its average volume of 3,359,938. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -11.28 and a beta of 2.87. The stock has a 50 day simple moving average of $7.77 and a 200 day simple moving average of $4.72. The RealReal, Inc. has a one year low of $1.52 and a one year high of $11.38.
Wall Street Analysts Forecast Growth
Several research analysts have commented on REAL shares. Northland Securities increased their price objective on shares of RealReal from $6.50 to $12.50 and gave the company an "outperform" rating in a report on Tuesday, December 17th. Wells Fargo & Company upgraded shares of RealReal from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $4.00 to $15.00 in a research report on Monday, December 9th. Finally, UBS Group lifted their price target on RealReal from $3.00 to $3.25 and gave the stock a "neutral" rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $7.38.
Read Our Latest Stock Report on RealReal
RealReal Company Profile
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Free Report)
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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