Warby Parker Inc. (NYSE:WRBY - Get Free Report) CEO Neil Harris Blumenthal sold 27,967 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total value of $657,783.84. Following the sale, the chief executive officer now directly owns 23,961 shares in the company, valued at approximately $563,562.72. This represents a 53.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Neil Harris Blumenthal also recently made the following trade(s):
- On Thursday, January 30th, Neil Harris Blumenthal sold 50,000 shares of Warby Parker stock. The stock was sold at an average price of $27.61, for a total value of $1,380,500.00.
- On Thursday, January 2nd, Neil Harris Blumenthal sold 300,000 shares of Warby Parker stock. The stock was sold at an average price of $25.14, for a total value of $7,542,000.00.
- 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 stock was sold at an average price of $23.65, for a total value of $1,182,500.00.
Warby Parker Stock Performance
NYSE:WRBY traded down $0.47 during mid-day trading on Friday, hitting $21.10. 3,310,855 shares of the stock were exchanged, compared to its average volume of 1,813,399. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of -78.15 and a beta of 1.91. The firm's 50-day simple moving average is $25.36 and its 200 day simple moving average is $21.00. Warby Parker Inc. has a fifty-two week low of $11.35 and a fifty-two week high of $28.68.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. Robert W. Baird increased their price objective on Warby Parker from $30.00 to $32.00 and gave the stock an "outperform" rating in a report on Friday, February 28th. Stifel Nicolaus raised their price target on Warby Parker from $17.00 to $20.00 and gave the company a "hold" rating in a research note on Wednesday, December 11th. JMP Securities raised their price target on Warby Parker from $23.00 to $28.00 and gave the company a "market outperform" rating in a research note on Monday, December 16th. The Goldman Sachs Group raised their price target on Warby Parker from $20.00 to $26.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Finally, Evercore ISI restated an "in-line" rating and issued a $23.00 price target on shares of Warby Parker in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $23.43.
Read Our Latest Stock Analysis on Warby Parker
Institutional Trading of Warby Parker
Hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new position in Warby Parker in the 4th quarter valued at $25,000. NewEdge Advisors LLC raised its holdings in Warby Parker by 700.0% in the 4th quarter. NewEdge Advisors LLC now owns 1,200 shares of the company's stock valued at $29,000 after acquiring an additional 1,050 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Warby Parker by 205.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company's stock valued at $37,000 after acquiring an additional 1,028 shares in the last quarter. Comerica Bank raised its holdings in Warby Parker by 153.1% in the 4th quarter. Comerica Bank now owns 2,291 shares of the company's stock valued at $55,000 after acquiring an additional 1,386 shares in the last quarter. Finally, Anderson Financial Strategies LLC acquired a new position in Warby Parker in the 4th quarter valued at $69,000. 93.24% of the stock is owned by institutional investors and hedge funds.
About Warby Parker
(
Get Free Report)
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.
Further Reading
Before you consider Warby Parker, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Warby Parker wasn't on the list.
While Warby Parker currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
