Warby Parker Inc. (NYSE:WRBY) CEO Sells $1,380,500.00 in Stock

Warby Parker Inc. (NYSE:WRBY - Get Free Report) CEO Neil Harris Blumenthal sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $27.61, for a total transaction of $1,380,500.00. Following the transaction, the chief executive officer now owns 12,177 shares of the company's stock, valued at approximately $336,206.97. This represents a 80.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• 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 shares were 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 transaction of $817,645.43.

Warby Parker Trading Up 0.4 %

Shares of Warby Parker stock traded up $0.10 during trading on Friday, hitting $26.37. 1,226,948 shares of the stock were exchanged, compared to its average volume of 1,610,862. Warby Parker Inc. has a 1-year low of $11.35 and a 1-year high of $28.68. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of -97.67 and a beta of 1.90. The company has a fifty day moving average price of $25.21 and a 200-day moving average price of $19.62.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Evercore ISI reiterated an "in-line" rating and issued a $23.00 price target on shares of Warby Parker in a report on Friday, January 17th. William Blair raised shares of Warby Parker from a "market perform" rating to an "outperform" rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft raised Warby Parker from a "neutral" rating to a "buy" rating and lifted their price target for the company from $15.00 to $18.00 in a research note on Monday, October 21st. Robert W. Baird upped their price objective on Warby Parker from $18.00 to $23.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Finally, Stifel Nicolaus increased their price objective on Warby Parker from $17.00 to $20.00 and gave the stock a "hold" rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $21.77.

Institutional Trading of Warby Parker

Institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp increased its holdings in shares of Warby Parker by 3.2% during the 3rd quarter. State Street Corp now owns 2,209,025 shares of the company's stock worth $36,073,000 after acquiring an additional 69,108 shares during the last quarter. Blueshift Asset Management LLC bought a new position in Warby Parker during the third quarter worth $1,223,000. TimesSquare Capital Management LLC increased its holdings in shares of Warby Parker by 12.8% in the third quarter. TimesSquare Capital Management LLC now owns 1,856,370 shares of the company's stock valued at $30,315,000 after purchasing an additional 211,050 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of Warby Parker by 3.2% in the third 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. Finally, Loomis Sayles & Co. L P lifted its stake in shares of Warby Parker by 20.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,782,629 shares of the company's stock worth $29,111,000 after buying an additional 300,891 shares during the last quarter. 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.