Technology Crossover Management VIII Ltd. Acquires Shares of 197,481 Rent the Runway, Inc. $RENT

Posted by Stanley Muller on Aug 18th, 2026

Technology Crossover Management VIII Ltd. acquired a new stake in Rent the Runway, Inc. (NASDAQ:RENT – Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 197,481 shares of the company’s stock, valued at approximately $622,065,000. Rent the Runway accounts for 0.2% of Technology Crossover Management VIII Ltd.’s holdings, making the stock its 4th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RENT. Marshall Wace LLP purchased a new position in shares of Rent the Runway during the 4th quarter valued at $84,000. Virtu Financial LLC acquired a new position in shares of Rent the Runway in the fourth quarter worth $88,000. Renaissance Technologies LLC purchased a new stake in shares of Rent the Runway during the fourth quarter worth $89,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Rent the Runway during the fourth quarter worth $92,000. Finally, Two Sigma Investments LP acquired a new stake in Rent the Runway during the third quarter valued at $109,000. Hedge funds and other institutional investors own 73.10% of the company’s stock.

Analyst Ratings Changes

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

Check Out Our Latest Stock Analysis on Rent the Runway

Insider Activity at Rent the Runway

In other news, Director Dhiren R. Fonseca sold 34,516 shares of the 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 transaction, the director owned 100,132 shares in the company, valued at $299,394.68. This represents a 25.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through 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. 0.37% of the stock is currently owned by company insiders.

Rent the Runway Stock Performance

NASDAQ:RENT opened at $3.64 on Tuesday. The stock’s 50 day moving average price is $3.39 and its 200 day moving average price is $4.46. Rent the Runway, Inc. has a 52 week low of $2.88 and a 52 week high of $10.13. The company has a market capitalization of $122.27 million, a P/E ratio of 0.56 and a beta of 1.17.

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

Rent the Runway Profile

(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.