Warby Parker Inc. (NYSE:WRBY) CEO Neil Harris Blumenthal Sells 93,946 Shares

Warby Parker Inc. (NYSE:WRBY - Get Free Report) CEO Neil Harris Blumenthal sold 93,946 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $25.08, for a total transaction of $2,356,165.68. Following the sale, the chief executive officer now directly owns 12,177 shares of the company's stock, valued at $305,399.16. This represents a 88.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Wednesday, December 18th, Neil Harris Blumenthal sold 56,054 shares of Warby Parker stock. The shares were 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 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 Stock Down 2.7 %

NYSE:WRBY traded down $0.69 during trading hours on Thursday, hitting $25.03. 1,432,514 shares of the company traded hands, compared to its average volume of 1,448,152. Warby Parker Inc. has a one year low of $11.35 and a one year high of $25.89. The company has a market cap of $2.54 billion, a PE ratio of -92.70 and a beta of 1.93. The firm's 50-day simple moving average is $21.56 and its 200-day simple moving average is $17.48.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Robert W. Baird increased their price target on Warby Parker from $18.00 to $23.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. 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. JMP Securities raised their target price 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. Deutsche Bank Aktiengesellschaft raised Warby Parker from a "neutral" rating to a "buy" rating and upped their price target for the stock from $15.00 to $18.00 in a research note on Monday, October 21st. Finally, Piper Sandler raised their price objective on Warby Parker from $18.00 to $22.00 and gave the company an "overweight" rating in a research note on Friday, November 8th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $20.73.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. grew its stake in Warby Parker by 3.2% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,555,705 shares of the company's stock valued at $41,735,000 after purchasing an additional 78,295 shares during the period. State Street Corp boosted its holdings in shares of Warby Parker by 3.2% in the 3rd quarter. State Street Corp now owns 2,209,025 shares of the company's stock worth $36,073,000 after buying an additional 69,108 shares during the last quarter. Geode Capital Management LLC grew its position in Warby Parker by 7.9% during the third quarter. Geode Capital Management LLC now owns 1,970,620 shares of the company's stock valued at $32,187,000 after buying an additional 144,623 shares during the period. Jennison Associates LLC increased its holdings in Warby Parker by 13.6% during the third quarter. Jennison Associates LLC now owns 1,939,116 shares of the company's stock worth $31,666,000 after buying an additional 232,530 shares during the last quarter. Finally, TimesSquare Capital Management LLC raised its position in Warby Parker by 12.8% in the third quarter. TimesSquare Capital Management LLC now owns 1,856,370 shares of the company's stock worth $30,315,000 after acquiring an additional 211,050 shares during the period. 93.24% of the stock is currently owned by hedge funds and other institutional investors.

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.