American Asset Management Inc. Sells 85,000 Shares of The RealReal, Inc. (NASDAQ:REAL)

American Asset Management Inc. lowered its stake in shares of The RealReal, Inc. (NASDAQ:REAL) by 85.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,000 shares of the company’s stock after selling 85,000 shares during the quarter. RealReal comprises 0.2% of American Asset Management Inc.’s holdings, making the stock its 22nd largest holding. American Asset Management Inc.’s holdings in RealReal were worth $164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Anchorage Capital Advisors L.P. purchased a new position in shares of RealReal in the third quarter worth about $10,675,000. Woodson Capital Management LP raised its position in RealReal by 2.9% during the third quarter. Woodson Capital Management LP now owns 5,400,000 shares of the company’s stock valued at $16,956,000 after acquiring an additional 150,000 shares in the last quarter. Geode Capital Management LLC raised its position in RealReal by 2.0% during the third quarter. Geode Capital Management LLC now owns 2,293,855 shares of the company’s stock valued at $7,204,000 after acquiring an additional 44,716 shares in the last quarter. State Street Corp raised its position in RealReal by 22.3% during the third quarter. State Street Corp now owns 1,701,387 shares of the company’s stock valued at $5,342,000 after acquiring an additional 310,116 shares in the last quarter. Finally, Capricorn Fund Managers Ltd grew its holdings in RealReal by 40.4% in the third quarter. Capricorn Fund Managers Ltd now owns 1,406,738 shares of the company’s stock valued at $4,417,000 after purchasing an additional 404,949 shares during the period. Institutional investors own 64.73% of the company’s stock.

Analyst Ratings Changes

REAL has been the topic of a number of research analyst reports. Northland Securities lifted 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. Wells Fargo & Company upgraded shares of RealReal from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $4.00 to $15.00 in a research report on Monday, December 9th. Finally, UBS Group upped their price target on RealReal from $3.00 to $3.25 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Two 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. Based on data from MarketBeat.com, RealReal has an average rating of “Moderate Buy” and an average price target of $7.38.

Insider Activity

In related 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 value of $589,662.60. Following the transaction, the chief accounting officer now owns 391,525 shares of the company’s stock, valued at $2,388,302.50. This represents a 19.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO John E. Koryl sold 396,478 shares of the stock in a transaction on Monday, January 6th. The shares were 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. Insiders own 9.78% of the company’s stock.

RealReal Stock Performance

NASDAQ:REAL opened at $9.52 on Tuesday. The stock’s fifty day moving average is $7.66 and its two-hundred day moving average is $4.68. The RealReal, Inc. has a 52 week low of $1.52 and a 52 week high of $11.38.

RealReal Company 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.