Potrero Capital Research LLC Buys 2,355,827 Shares of Stitch Fix, Inc. (NASDAQ:SFIX)

Potrero Capital Research LLC grew its stake in Stitch Fix, Inc. (NASDAQ:SFIX) by 178.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,679,558 shares of the company’s stock after purchasing an additional 2,355,827 shares during the quarter. Stitch Fix comprises approximately 11.2% of Potrero Capital Research LLC’s holdings, making the stock its 2nd largest holding. Potrero Capital Research LLC’s holdings in Stitch Fix were worth $18,803,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its stake in Stitch Fix by 64.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,515 shares of the company’s stock worth $26,000 after buying an additional 2,543 shares during the period. WealthPLAN Partners LLC acquired a new stake in Stitch Fix during the 1st quarter worth $31,000. Creative Planning acquired a new stake in Stitch Fix during the 4th quarter worth $32,000. B. Riley Wealth Advisors Inc. bought a new position in Stitch Fix during the 4th quarter worth about $32,000. Finally, True Capital Management bought a new position in Stitch Fix during the 4th quarter worth about $37,000. Institutional investors and hedge funds own 67.49% of the company’s stock.

Stitch Fix Price Performance

SFIX stock traded down $0.05 during trading hours on Monday, reaching $3.93. 624,441 shares of the stock were exchanged, compared to its average volume of 2,680,278. The firm’s 50-day moving average is $4.20 and its 200-day moving average is $4.16. The company has a market cap of $447.10 million, a price-to-earnings ratio of -1.84 and a beta of 2.24. Stitch Fix, Inc. has a 12 month low of $2.63 and a 12 month high of $6.03.

Insiders Place Their Bets

In other Stitch Fix news, insider Casey O’connor sold 9,262 shares of the stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $4.21, for a total transaction of $38,993.02. Following the completion of the transaction, the insider now owns 284,346 shares in the company, valued at approximately $1,197,096.66. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 28.51% of the company’s stock.

About Stitch Fix

Stitch Fix, Inc sells a range of apparel, shoes, and accessories for men, women, and kids through its website and mobile application in the United States and the United Kingdom. It offers denim, dresses, blouses, skirts, shoes, jewelry, and handbags under the Stitch Fix brand. The company was formerly known as rack habit inc.