Rent the Runway, Inc. (NASDAQ:RENT – Get Free Report) SVP Zachary Benjamin Phillips sold 974 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $11.96, for a total value of $11,649.04. Following the transaction, the senior vice president now directly owns 17,994 shares in the company, valued at approximately $215,208.24. The transaction was disclosed in a filing with the SEC, which is available at this link.
Rent the Runway Trading Up 3.6 %
Shares of RENT stock traded up $0.38 during trading hours on Friday, reaching $10.98. 16,193 shares of the company’s stock were exchanged, compared to its average volume of 37,941. Rent the Runway, Inc. has a fifty-two week low of $4.46 and a fifty-two week high of $41.81. The stock’s 50 day moving average is $17.66 and its 200-day moving average is $14.45. The company has a market cap of $40.32 million, a price-to-earnings ratio of -0.37 and a beta of 1.10.
Rent the Runway (NASDAQ:RENT – Get Free Report) last announced its quarterly earnings data on Thursday, June 6th. The company reported ($6.03) EPS for the quarter, beating the consensus estimate of ($6.56) by $0.53. The company had revenue of $75.00 million during the quarter, compared to analysts’ expectations of $73.20 million. Equities analysts anticipate that Rent the Runway, Inc. will post -22.21 EPS for the current year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on RENT
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in shares of Rent the Runway during the 2nd quarter valued at about $33,000. Breed s Hill Capital LLC acquired a new position in shares of Rent the Runway in the 4th quarter valued at $53,000. Summit Securities Group LLC acquired a new position in shares of Rent the Runway in the second quarter worth about $86,000. CastleKnight Management LP increased its stake in shares of Rent the Runway by 304.9% in the 4th quarter. CastleKnight Management LP now owns 545,800 shares of the company’s stock valued at $288,000 after purchasing an additional 411,000 shares in the last quarter. Finally, Nisa Investment Advisors LLC acquired a new position in Rent the Runway in the 2nd quarter worth about $308,000. 73.10% of the stock is currently owned by hedge funds and other institutional investors.
About Rent the Runway
Rent the Runway, Inc operates shared designer closet in the United States. The company offers evening wear and accessories, ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear, and ski wear under subscription, rental, and resale offering.
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