SAN FRANCISCO—John Koryl, former Chief Executive Officer of TheRealReal, Inc. (NASDAQ:REAL), has sold a significant portion of his holdings in the company. According to a recent SEC filing, Koryl disposed of a total of 396,478 shares of TheRealReal's common stock on January 6, 2025. The transactions were executed at prices ranging from $9.61 to $9.87 per share, amounting to a total sale value of approximately $3.81 million. The sale comes as the stock has shown remarkable strength, with a 363% return over the past year, though InvestingPro analysis indicates the stock is currently overvalued.
Following these transactions, Koryl no longer holds any shares in the company. The sales were conducted through multiple transactions, with the weighted average prices reflecting the stated range. This move comes after Koryl's previous purchase of 19,919 shares in August 2024, which were acquired at a weighted-average cost of $2.51 per share. According to InvestingPro, which offers 12 additional key insights about REAL, the stock has demonstrated high price volatility and recently experienced a 16% decline over the past week.
Koryl's recent stock sales were facilitated by Todd Suko, acting as Attorney in Fact. The company, currently valued at approximately $964 million by market capitalization, maintains impressive gross profit margins of 74%.
In other recent news, The RealReal (NASDAQ:REAL) Inc. has been making notable strides in its financial performance. The company's third quarter of 2024 showed a 6% increase in Gross Merchandise Volume (GMV) to $433 million, and an 11% rise in revenue to $148 million. This progress was complemented by a positive adjusted EBITDA of $2.3 million, marking its second consecutive profitable quarter.
The RealReal's financial forecast for the fourth quarter of 2024 also looks promising, with GMV projected between $484 million and $500 million, and revenue expected to range from $158 million to $165 million. These projections reflect the company's ongoing commitment to operational excellence and customer service.
In terms of analyst perspectives, Wells Fargo (NYSE:WFC) upgraded The RealReal's stock rating from Equal Weight to Overweight, based on a reassessment of the company's revenue and EBITDA projections for 2025. Similarly, BTIG increased the price target for The RealReal's stock to $4.00, maintaining a Buy rating.
These recent developments suggest a positive trajectory for The RealReal, as it continues to demonstrate growth and profitability in its operations.
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