The RealReal, Inc. (NASDAQ:REAL) Shares Sold by American Asset Management Inc.

American Asset Management Inc. lowered its position in The RealReal, Inc. (NASDAQ:REAL) by 85.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,000 shares of the company’s stock after selling 85,000 shares during the quarter. RealReal makes up about 0.2% of American Asset Management Inc.’s holdings, making the stock its 22nd largest position. American Asset Management Inc.’s holdings in RealReal were worth $164,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in REAL. Park Edge Advisors LLC acquired a new stake in shares of RealReal during the 3rd quarter valued at approximately $41,000. XTX Topco Ltd purchased a new stake in RealReal in the 3rd quarter valued at approximately $63,000. Intech Investment Management LLC purchased a new stake in RealReal in the 3rd quarter valued at approximately $88,000. MetLife Investment Management LLC lifted its stake in RealReal by 43.9% in 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 purchased a new stake in RealReal in the 2nd quarter valued at approximately $123,000. Institutional investors and hedge funds own 64.73% of the company’s stock.

Insider Transactions at RealReal

In related news, CEO John E. Koryl sold 396,478 shares of the firm’s 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 available at this link. Also, CAO Steve Ming Lo sold 96,666 shares of the firm’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 transaction of $589,662.60. Following 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 position. The disclosure for this sale can be found here. Corporate insiders own 9.78% of the company’s stock.

RealReal Trading Up 0.7 %

Shares of NASDAQ REAL opened at $9.52 on Tuesday. The RealReal, Inc. has a 12-month low of $1.52 and a 12-month high of $11.38. The stock has a fifty day moving average price of $7.66 and a 200 day moving average price of $4.68.

Analyst Ratings Changes

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

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.