Warby Parker Inc. (NYSE:WRBY) CEO Sells $7,542,000.00 in Stock

Warby Parker Inc. (NYSE:WRBY) CEO Neil Harris Blumenthal sold 300,000 shares of Warby Parker stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $25.14, for a total transaction of $7,542,000.00. Following the transaction, the chief executive officer now directly owns 12,177 shares in the company, valued at approximately $306,129.78. This represents a 96.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, December 20th, Neil Harris Blumenthal sold 93,946 shares of Warby Parker stock. The stock was sold at an average price of $25.08, for a total value of $2,356,165.68.
• On Wednesday, December 18th, Neil Harris Blumenthal sold 56,054 shares of Warby Parker stock. The stock was sold at an average price of $25.09, for a total value of $1,406,394.86.
• On Monday, December 9th, Neil Harris Blumenthal sold 50,000 shares of Warby Parker stock. The shares were sold at an average price of $23.65, for a total value of $1,182,500.00.
• On Tuesday, December 3rd, Neil Harris Blumenthal sold 36,163 shares of Warby Parker stock. The stock was sold at an average price of $22.61, for a total value of $817,645.43.

Warby Parker Trading Down 0.3 %

Shares of WRBY traded down $0.09 during mid-day trading on Monday, reaching $26.37. The company’s stock had a trading volume of 2,497,993 shares, compared to its average volume of 2,298,164. The business has a 50-day simple moving average of $22.46 and a two-hundred day simple moving average of $17.87. Warby Parker Inc. has a 1-year low of $11.35 and a 1-year high of $27.10. The stock has a market cap of $2.68 billion, a P/E ratio of -97.67 and a beta of 1.88.

Institutional Trading of Warby Parker

Hedge funds have recently modified their holdings of the stock. First Eagle Investment Management LLC bought a new position in Warby Parker in the 2nd quarter valued at about $131,000. Choreo LLC acquired a new position in Warby Parker in the 2nd quarter valued at $167,000. AQR Capital Management LLC bought a new position in Warby Parker during the 2nd quarter worth $186,000. Thrivent Financial for Lutherans acquired a new stake in shares of Warby Parker during the third quarter worth $213,000. Finally, LVW Advisors LLC boosted its position in shares of Warby Parker by 27.9% in the third quarter. LVW Advisors LLC now owns 16,027 shares of the company’s stock valued at $262,000 after acquiring an additional 3,500 shares during the period. Institutional investors and hedge funds own 93.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on WRBY shares. The Goldman Sachs Group increased their price objective on shares of Warby Parker from $20.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. BTIG Research boosted their price target on Warby Parker from $18.00 to $20.00 and gave the company a “buy” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised Warby Parker from a “neutral” rating to a “buy” rating and lifted their target price for the company from $15.00 to $18.00 in a research report on Monday, October 21st. JMP Securities raised their price target on shares of Warby Parker from $23.00 to $28.00 and gave the stock a “market outperform” rating in a research note on Monday, December 16th. Finally, Stifel Nicolaus lifted their price target on shares of Warby Parker from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $20.73.

Warby Parker Company Profile

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.