The RealReal, Inc. (NASDAQ:REAL) Holdings Decreased by Capricorn Fund Managers Ltd

Capricorn Fund Managers Ltd lowered its stake in The RealReal, Inc. (NASDAQ:REAL) by 43.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 800,000 shares of the company’s stock after selling 606,738 shares during the period. RealReal accounts for 4.0% of Capricorn Fund Managers Ltd’s holdings, making the stock its 4th biggest position. Capricorn Fund Managers Ltd’s holdings in RealReal were worth $8,944,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in RealReal by 15.2% in the third quarter. JPMorgan Chase & Co. now owns 738,619 shares of the company’s stock valued at $2,319,000 after buying an additional 97,700 shares during the last quarter. Barclays PLC boosted its holdings in shares of RealReal by 306.7% in the 3rd quarter. Barclays PLC now owns 136,262 shares of the company’s stock valued at $428,000 after acquiring an additional 102,759 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of RealReal by 2.0% in the third quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company’s stock worth $7,204,000 after acquiring an additional 44,716 shares during the period. XTX Topco Ltd acquired a new position in RealReal during the third quarter valued at $63,000. Finally, Wexford Capital LP acquired a new position in RealReal during the third quarter valued at $942,000. 64.73% of the stock is owned by hedge funds and other institutional investors.

RealReal Price Performance

Shares of RealReal stock opened at $9.52 on Tuesday. The stock has a market capitalization of $1.04 billion, a P/E ratio of -10.82 and a beta of 2.87. The business has a 50 day simple moving average of $7.77 and a two-hundred day simple moving average of $4.72. The RealReal, Inc. has a 12 month low of $1.52 and a 12 month high of $11.38.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wells Fargo & Company upgraded RealReal from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $4.00 to $15.00 in a research note on Monday, December 9th. UBS Group lifted their target price on shares of RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, Northland Securities lifted 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. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $7.38.

Insider Activity at RealReal

In other news, CEO John E. Koryl sold 396,478 shares of RealReal stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Steve Ming Lo sold 96,666 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $6.10, for a total value of $589,662.60. Following the completion of the transaction, the chief accounting officer now owns 391,525 shares in the company, valued at $2,388,302.50. This represents a 19.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.78% of the stock is owned by corporate insiders.

RealReal 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.