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 the company’s stock in a transaction dated Thursday, January 2nd. The shares were 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 of the company’s stock, valued at approximately $306,129.78. This represents a 96.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $25.08, for a total transaction 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 transaction 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 transaction 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 Price Performance

Shares of Warby Parker stock opened at $26.57 on Wednesday. Warby Parker Inc. has a 1-year low of $11.35 and a 1-year high of $27.10. The company has a market capitalization of $2.70 billion, a PE ratio of -98.41 and a beta of 1.88. The business has a 50-day moving average of $22.83 and a 200-day moving average of $18.02.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on WRBY shares. Robert W. Baird raised their price objective on Warby Parker from $18.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. William Blair upgraded shares of Warby Parker from a “market perform” rating to an “outperform” rating in a report on Thursday, November 7th. BTIG Research boosted their price objective on shares of Warby Parker from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Stifel Nicolaus raised their target price 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. Finally, JMP Securities upped 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 report on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.73.

Institutional Inflows and Outflows

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

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.