Steve Lo, the Senior Vice President and Chief Accounting Officer at TheRealReal, Inc. (NASDAQ:REAL), has recently sold a significant portion of the company's stock. According to a recent SEC filing, Lo disposed of shares totaling $813,655 over a series of transactions on December 2 and 3. The shares were sold at prices ranging from $5.89 to $6.12 per share, notably close to the stock's 52-week high of $6.13. InvestingPro data shows the stock has delivered an impressive 193% return year-to-date, though technical indicators suggest overbought conditions.
These transactions have reduced Lo's direct ownership to 353,594 shares. TheRealReal, known for its online luxury consignment platform, continues to navigate the evolving retail landscape, with this insider transaction drawing attention from investors and market analysts alike. The company maintains strong gross profit margins of 74%, though InvestingPro analysis reveals potential concerns about debt servicing capacity. For deeper insights into insider trading patterns and 12+ additional key metrics, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, The RealReal (NASDAQ:REAL) Inc. reported key performance indicators (KPIs) for the third quarter of 2024, showing positive momentum. The company's quarterly active buyers increased by 8,000, reaching 389,000, and the average order value rose by 1.8% year-over-year to $522. These developments contributed to a 10.7% year-over-year growth in net merchandise value (NMV) and a 13.7% year-over-year increase in consignment revenue.
Additionally, The RealReal reported a strong third quarter with a 6% increase in Gross Merchandise Volume (GMV) to $433 million and an 11% rise in revenue to $148 million. The company also raised its full-year guidance, projecting a Q4 GMV between $484 million and $500 million, and full-year revenue between $595 million and $602 million.
BTIG recently increased its price target for The RealReal's stock to $4.00 from the previous $3.50, maintaining a Buy rating. This adjustment by BTIG follows The RealReal's third-quarter results and reflects an incrementally constructive view of the company. The RealReal's outlook is supported by a "quite healthy" supply and a positive demand trend, suggesting a positive trajectory for the company.
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