Point72 Asia Singapore Pte. Ltd. bought a new position in Rent the Runway, Inc. (NASDAQ:RENT – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,100 shares of the company’s stock, valued at approximately $72,000. Point72 Asia Singapore Pte. Ltd. owned 0.11% of Rent the Runway as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in RENT. Meeder Asset Management Inc. acquired a new stake in Rent the Runway in the second quarter valued at about $33,000. Point72 DIFC Ltd acquired a new stake in shares of Rent the Runway in the 2nd quarter valued at approximately $70,000. Summit Securities Group LLC purchased a new stake in shares of Rent the Runway in the second quarter valued at approximately $86,000. Cubist Systematic Strategies LLC acquired a new position in Rent the Runway during the second quarter worth $131,000. Finally, XTX Topco Ltd purchased a new position in Rent the Runway in the second quarter worth $293,000. Hedge funds and other institutional investors own 73.10% of the company’s stock.
Insider Activity at Rent the Runway
In related news, CEO Jennifer Hyman sold 6,127 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $10.00, for a total value of $61,270.00. Following the completion of the transaction, the chief executive officer now owns 148,088 shares of the company’s stock, valued at approximately $1,480,880. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 18,187 shares of company stock valued at $195,670 over the last quarter. Insiders own 6.60% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on Rent the Runway
Rent the Runway Trading Up 1.9 %
NASDAQ:RENT opened at $10.12 on Monday. The company has a market capitalization of $38.56 million, a P/E ratio of -0.34 and a beta of 1.08. The firm has a 50-day moving average price of $11.98 and a two-hundred day moving average price of $14.98. Rent the Runway, Inc. has a twelve month low of $4.46 and a twelve month high of $41.81.
Rent the Runway (NASDAQ:RENT – Get Free Report) last issued its quarterly earnings data on Thursday, September 5th. The company reported ($4.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($5.86) by $1.69. The company had revenue of $78.90 million for the quarter, compared to analyst estimates of $76.60 million. During the same quarter in the prior year, the firm earned ($8.00) earnings per share. On average, equities research analysts predict that Rent the Runway, Inc. will post -19.08 earnings per share for the current year.
Rent the Runway Company Profile
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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