Quantum Private Wealth LLC Has $1.72 Million Stock Holdings in The RealReal, Inc. (NASDAQ:REAL)

Quantum Private Wealth LLC lowered its stake in The RealReal, Inc. (NASDAQ:REAL) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 157,439 shares of the company’s stock after selling 15,809 shares during the quarter. Quantum Private Wealth LLC owned approximately 0.14% of RealReal worth $1,721,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of REAL. Park Edge Advisors LLC acquired a new position in shares of RealReal during the 3rd quarter worth approximately $41,000. R Squared Ltd acquired a new stake in shares of RealReal in the 4th quarter valued at approximately $49,000. XTX Topco Ltd bought a new position in shares of RealReal in the third quarter valued at $63,000. Intech Investment Management LLC acquired a new position in RealReal during the third quarter worth $88,000. Finally, MetLife Investment Management LLC raised its position in RealReal by 43.9% during the third quarter. MetLife Investment Management LLC now owns 35,970 shares of the company’s stock worth $113,000 after acquiring an additional 10,981 shares in the last quarter. Institutional investors own 64.73% of the company’s stock.

Insiders Place Their Bets

In other RealReal news, CAO Steve Ming Lo sold 96,666 shares of the stock in a transaction on Monday, December 2nd. The stock was 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 trade represents a 19.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John E. Koryl sold 396,478 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $9.61, for a total transaction of $3,810,153.58. The disclosure for this sale can be found here. Company insiders own 9.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wells Fargo & Company raised shares of RealReal from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $4.00 to $15.00 in a research report on Monday, December 9th. UBS Group lifted their price target on RealReal from $3.00 to $3.25 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Finally, Northland Securities upped their price objective on RealReal from $6.50 to $12.50 and gave the company 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 issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $7.38.

RealReal Stock Up 1.4 %

Shares of REAL stock opened at $7.99 on Friday. The RealReal, Inc. has a 52 week low of $1.52 and a 52 week high of $11.38. The company has a 50-day simple moving average of $9.20 and a 200 day simple moving average of $5.41.

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.