Jennifer Hyman Sells 73,379 Shares of Rent the Runway, Inc. (NASDAQ:RENT) Stock

Rent the Runway, Inc. (NASDAQ:RENTGet Free Report) CEO Jennifer Hyman sold 73,379 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $0.49, for a total value of $35,955.71. Following the completion of the transaction, the chief executive officer now owns 2,645,128 shares in the company, valued at approximately $1,296,112.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Jennifer Hyman also recently made the following trade(s):

  • On Monday, December 18th, Jennifer Hyman sold 152,190 shares of Rent the Runway stock. The stock was sold at an average price of $0.79, for a total transaction of $120,230.10.
  • On Wednesday, December 13th, Jennifer Hyman sold 75,000 shares of Rent the Runway stock. The shares were sold at an average price of $0.76, for a total transaction of $57,000.00.

Rent the Runway Trading Up 5.2 %

NASDAQ:RENT opened at $0.54 on Friday. The stock’s 50-day moving average is $0.62 and its 200-day moving average is $0.84. Rent the Runway, Inc. has a 1-year low of $0.42 and a 1-year high of $4.21. The stock has a market cap of $37.71 million, a P/E ratio of -0.31 and a beta of 1.04.

Rent the Runway (NASDAQ:RENTGet Free Report) last posted its earnings results on Tuesday, December 5th. The company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.03). The business had revenue of $72.50 million for the quarter, compared to analysts’ expectations of $73.16 million. During the same quarter last year, the firm earned ($0.47) earnings per share. As a group, equities analysts forecast that Rent the Runway, Inc. will post -1.58 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on RENT. Telsey Advisory Group reissued a “market perform” rating and issued a $1.00 price objective on shares of Rent the Runway in a research note on Wednesday, November 29th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $0.60 price target on shares of Rent the Runway in a research note on Tuesday, January 16th. The Goldman Sachs Group dropped their price objective on Rent the Runway from $3.50 to $2.00 and set a “buy” rating for the company in a research report on Thursday, January 11th. Piper Sandler reiterated a “neutral” rating and issued a $0.75 target price (down previously from $2.00) on shares of Rent the Runway in a research report on Wednesday, January 17th. Finally, Barclays dropped their target price on shares of Rent the Runway from $3.00 to $2.00 and set an “overweight” rating for the company in a report on Wednesday, December 6th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $2.29.

Read Our Latest Research Report on RENT

Institutional Trading of Rent the Runway

Several institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. acquired a new position in Rent the Runway during the 4th quarter worth about $1,568,000. Millennium Management LLC boosted its holdings in Rent the Runway by 2,937.7% in the fourth quarter. Millennium Management LLC now owns 1,554,907 shares of the company’s stock valued at $4,742,000 after acquiring an additional 1,503,720 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Rent the Runway by 15.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 7,333,333 shares of the company’s stock valued at $22,513,000 after acquiring an additional 959,394 shares during the last quarter. Marshall Wace LLP increased its position in Rent the Runway by 111.2% during the 3rd quarter. Marshall Wace LLP now owns 1,541,929 shares of the company’s stock valued at $3,392,000 after purchasing an additional 811,772 shares during the period. Finally, Lord Abbett & CO. LLC bought a new position in Rent the Runway during the 1st quarter worth approximately $4,294,000. Institutional investors own 66.51% of the company’s stock.

About Rent the Runway

(Get Free Report)

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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Insider Buying and Selling by Quarter for Rent the Runway (NASDAQ:RENT)

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