Dhiren Fonseca Sells 34,516 Shares of Rent the Runway (NASDAQ:RENT) Stock

Posted by on Jul 28th, 2026

Rent the Runway, Inc. (NASDAQ:RENT – Get Free Report) Director Dhiren Fonseca sold 34,516 shares of Rent the Runway stock in a transaction on Friday, July 24th. The shares were sold at an average price of $2.99, for a total transaction of $103,202.84. Following the completion of the sale, the director owned 100,132 shares in the company, valued at $299,394.68. The trade was a 25.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Rent the Runway Stock Performance

RENT traded up $0.27 on Tuesday, hitting $3.45. 18,879 shares of the company were exchanged, compared to its average volume of 94,712. Rent the Runway, Inc. has a 12 month low of $2.88 and a 12 month high of $10.13. The company has a market cap of $115.85 million, a PE ratio of 0.53 and a beta of 1.19. The stock’s fifty day moving average is $3.42 and its 200-day moving average is $4.95.

Rent the Runway (NASDAQ:RENT – Get Free Report) last issued its earnings results on Wednesday, June 3rd. The company reported ($0.57) earnings per share for the quarter. The company had revenue of $89.90 million for the quarter.

Hedge Funds Weigh In On Rent the Runway

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in Rent the Runway by 1,044.4% in the fourth quarter. Geode Capital Management LLC now owns 284,372 shares of the company’s stock worth $2,251,000 after purchasing an additional 259,522 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Rent the Runway during the 4th quarter worth approximately $690,000. Quinn Opportunity Partners LLC acquired a new stake in shares of Rent the Runway during the 3rd quarter worth approximately $421,000. State Street Corp bought a new stake in shares of Rent the Runway in the 4th quarter valued at $484,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Rent the Runway during the 4th quarter valued at $218,000. Institutional investors and hedge funds own 73.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Rent the Runway in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Check Out Our Latest Research Report on RENT

About Rent the Runway

(Get Free Report)

Rent the Runway (NASDAQ: RENT) operates an online marketplace and subscription service that provides designer apparel and accessory rentals to consumers. The company offers both one-time rentals and tiered subscription plans, enabling members to borrow items on a recurring basis rather than purchasing them outright. Rent the Runway’s inventory spans a wide range of brands and styles, including evening gowns, everyday wear, handbags and jewelry, positioning the company within the broader sharing-economy and circular-fashion movements.

Founded in 2009 by Jennifer Hyman and Jennifer Fleiss, Rent the Runway was built on the premise of making high-end fashion more accessible and sustainable.

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