Neil Harris Blumenthal Sells 36,163 Shares of Warby Parker Inc. (NYSE:WRBY) Stock

Warby Parker Inc. (NYSE:WRBY) CEO Neil Harris Blumenthal sold 36,163 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $22.61, for a total value of $817,645.43. Following the sale, the chief executive officer now directly owns 12,177 shares in the company, valued at approximately $275,321.97. The trade was a 74.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Neil Harris Blumenthal also recently made the following trade(s):

• On Monday, September 9th, Neil Harris Blumenthal sold 50,000 shares of Warby Parker stock. The shares were sold at an average price of $13.89, for a total transaction of $694,500.00.
• On Friday, September 6th, Neil Harris Blumenthal sold 27,143 shares of Warby Parker stock. The stock was sold at an average price of $13.00, for a total transaction of $352,859.00.

Warby Parker Stock Performance

Shares of WRBY opened at $23.26 on Friday. Warby Parker Inc. has a 12 month low of $10.28 and a 12 month high of $24.60. The stock’s 50-day moving average is $19.01 and its two-hundred day moving average is $16.73.

Hedge Funds Weigh In On Warby Parker

A number of institutional investors and hedge funds have recently bought and sold shares of WRBY. Geode Capital Management LLC lifted its position in shares of Warby Parker by 7.9% during the third quarter. Geode Capital Management LLC now owns 1,970,620 shares of the company’s stock worth $32,187,000 after purchasing an additional 144,623 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Warby Parker during the 3rd quarter worth $318,000. XTX Topco Ltd lifted its holdings in Warby Parker by 71.8% in the 3rd quarter. XTX Topco Ltd now owns 44,145 shares of the company’s stock worth $721,000 after buying an additional 18,443 shares in the last quarter. State Street Corp boosted its position in Warby Parker by 3.2% in the 3rd quarter. State Street Corp now owns 2,209,025 shares of the company’s stock valued at $36,073,000 after buying an additional 69,108 shares during the last quarter. Finally, Invenomic Capital Management LP grew its stake in shares of Warby Parker by 12.0% during the third quarter. Invenomic Capital Management LP now owns 383,877 shares of the company’s stock valued at $6,269,000 after acquiring an additional 41,110 shares in the last quarter. Hedge funds and other institutional investors own 93.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on WRBY shares. William Blair upgraded shares of Warby Parker from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 7th. BTIG Research lifted their price objective on Warby Parker from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Robert W. Baird increased their target price on Warby Parker from $18.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Piper Sandler upped their price objective on shares of Warby Parker from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Warby Parker from a “neutral” rating to a “buy” rating and raised their target price for the stock from $15.00 to $18.00 in a research report on Monday, October 21st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.82.

About Warby Parker

Warby Parker Inc provides eyewear products in the United States and Canada. The company offers eyeglasses, sunglasses, light-responsive lenses, blue-light-filtering lenses, non-prescription lenses, and contact lenses. It also provides accessories, such as cases, lenses kit with anti-fog spray, pouches, and anti-fog lens spray through its retail stores, website, and mobile apps.