Warby Parker Inc. (NYSE:WRBY - Get Free Report) CEO Neil Harris Blumenthal sold 56,054 shares of the firm's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $25.09, for a total transaction of $1,406,394.86. Following the sale, the chief executive officer now directly owns 12,177 shares in the company, valued at approximately $305,520.93. The trade was a 82.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Neil Harris Blumenthal also recently made the following trade(s):
- 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 transaction of $817,645.43.
Warby Parker Stock Performance
WRBY traded up $0.92 during trading on Friday, hitting $25.18. The stock had a trading volume of 3,637,201 shares, compared to its average volume of 1,447,908. The firm has a market capitalization of $2.56 billion, a P/E ratio of -93.26 and a beta of 1.93. The company's 50-day moving average price is $20.61 and its 200 day moving average price is $17.20. Warby Parker Inc. has a twelve month low of $11.35 and a twelve month high of $25.35.
Institutional Investors Weigh In On Warby Parker
Institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC lifted its holdings in shares of Warby Parker by 3.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 47,908 shares of the company's stock valued at $782,000 after buying an additional 1,556 shares during the period. Hsbc Holdings PLC increased its holdings in shares of Warby Parker by 11.5% in the 2nd quarter. Hsbc Holdings PLC now owns 25,696 shares of the company's stock valued at $413,000 after purchasing an additional 2,651 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Warby Parker by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 44,667 shares of the company's stock valued at $717,000 after purchasing an additional 3,007 shares during the period. Arizona State Retirement System boosted its holdings in Warby Parker by 16.0% during the second quarter. Arizona State Retirement System now owns 23,408 shares of the company's stock worth $376,000 after buying an additional 3,224 shares in the last quarter. Finally, LVW Advisors LLC grew its position in Warby Parker by 27.9% during the third quarter. LVW Advisors LLC now owns 16,027 shares of the company's stock worth $262,000 after buying an additional 3,500 shares during the period. Hedge funds and other institutional investors own 93.24% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on WRBY shares. Piper Sandler raised their price objective on Warby Parker from $18.00 to $22.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft raised Warby Parker from a "neutral" rating to a "buy" rating and upped their target price for the company from $15.00 to $18.00 in a research report on Monday, October 21st. William Blair raised Warby Parker from a "market perform" rating to an "outperform" rating in a research report on Thursday, November 7th. BTIG Research increased their price objective on Warby Parker from $18.00 to $20.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Robert W. Baird raised their target price on shares of Warby Parker from $18.00 to $23.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $20.73.
Check Out Our Latest Stock Report on Warby Parker
About Warby Parker
(
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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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