Warby Parker Inc. (NYSE:WRBY) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. cut its holdings in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 15.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 196,161 shares of the company's stock after selling 35,570 shares during the quarter. Landscape Capital Management L.L.C. owned 0.19% of Warby Parker worth $3,203,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Advisors Asset Management Inc. raised its position in Warby Parker by 79.9% during the first quarter. Advisors Asset Management Inc. now owns 5,125 shares of the company's stock valued at $70,000 after acquiring an additional 2,276 shares in the last quarter. First Eagle Investment Management LLC purchased a new position in shares of Warby Parker during the 2nd quarter valued at approximately $131,000. Choreo LLC acquired a new position in shares of Warby Parker in the 2nd quarter valued at $167,000. SG Americas Securities LLC acquired a new stake in Warby Parker during the first quarter valued at $176,000. Finally, AQR Capital Management LLC purchased a new position in Warby Parker in the second quarter valued at $186,000. 93.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Neil Harris Blumenthal sold 27,143 shares of the company's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $13.00, for a total value of $352,859.00. Following the transaction, the chief executive officer now directly owns 12,177 shares in the company, valued at approximately $158,301. This represents a 69.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Steven Clive Miller sold 6,763 shares of Warby Parker stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $13.90, for a total value of $94,005.70. Following the completion of the sale, the chief financial officer now directly owns 177,488 shares of the company's stock, valued at $2,467,083.20. The trade was a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 99,178 shares of company stock worth $1,339,901. Company insiders own 26.55% of the company's stock.

Warby Parker Price Performance

Shares of WRBY opened at $23.27 on Thursday. The firm has a 50-day moving average price of $17.19 and a 200 day moving average price of $16.09. Warby Parker Inc. has a 12-month low of $10.28 and a 12-month high of $23.39.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus increased their target price on shares of Warby Parker from $14.00 to $15.00 and gave the stock a "hold" rating in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft raised Warby Parker from a "neutral" rating to a "buy" rating and upped their target price for the stock from $15.00 to $18.00 in a research note on Monday, October 21st. JMP Securities raised shares of Warby Parker from a "market perform" rating to an "outperform" rating and set a $20.00 price target on the stock in a research note on Friday, August 23rd. Piper Sandler upped their price objective on shares of Warby Parker from $18.00 to $22.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. Finally, BTIG Research lifted their target price on shares of Warby Parker from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $18.82.

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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