Insider Selling: Warby Parker Inc. (NYSE:WRBY) CFO Sells 7,016 Shares of Stock

Warby Parker Inc. (NYSE:WRBY - Get Free Report) CFO Steven Clive Miller sold 7,016 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $23.85, for a total transaction of $167,331.60. Following the completion of the transaction, the chief financial officer now directly owns 182,130 shares in the company, valued at approximately $4,343,800.50. The trade was a 3.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Steven Clive Miller also recently made the following trade(s):

• On Tuesday, December 3rd, Steven Clive Miller sold 14,853 shares of Warby Parker stock. The stock was sold at an average price of $22.61, for a total transaction of $335,826.33.

Warby Parker Stock Performance

Shares of Warby Parker stock traded down $0.18 on Friday, hitting $23.63. 1,801,752 shares of the company traded hands, compared to its average volume of 1,434,918. Warby Parker Inc. has a 52 week low of $11.35 and a 52 week high of $24.71. The business has a 50-day simple moving average of $19.81 and a 200 day simple moving average of $16.96. The stock has a market capitalization of $2.40 billion, a P/E ratio of -89.04 and a beta of 1.93.

Hedge Funds Weigh In On Warby Parker

Several institutional investors have recently bought and sold shares of WRBY. SG Americas Securities LLC increased its stake in Warby Parker by 610.3% in the 2nd quarter. SG Americas Securities LLC now owns 91,598 shares of the company's stock worth $1,471,000 after acquiring an additional 78,702 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Warby Parker by 113.3% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,477,410 shares of the company's stock valued at $39,787,000 after purchasing an additional 1,315,672 shares in the last quarter. Blueshift Asset Management LLC bought a new position in Warby Parker during the third quarter valued at $1,223,000. Maverick Capital Ltd. bought a new stake in shares of Warby Parker in the 2nd quarter worth about $1,465,000. Finally, Driehaus Capital Management LLC raised its position in shares of Warby Parker by 43.9% during the 2nd quarter. Driehaus Capital Management LLC now owns 806,501 shares of the company's stock valued at $12,952,000 after buying an additional 246,011 shares in the last quarter. 93.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WRBY has been the subject of several analyst reports. The Goldman Sachs Group upped their price objective on Warby Parker from $20.00 to $26.00 and gave the stock a "buy" rating in a research note on Tuesday. Piper Sandler upped their price target on Warby Parker from $18.00 to $22.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. BTIG Research raised their price objective on Warby Parker from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft upgraded Warby Parker from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $15.00 to $18.00 in a research note on Monday, October 21st. Finally, Telsey Advisory Group increased their target price on shares of Warby Parker from $22.00 to $26.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Warby Parker currently has a consensus rating of "Moderate Buy" and an average target price of $20.00.

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.

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