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

Warby Parker Inc. (NYSE:WRBY) CEO Neil Harris Blumenthal sold 50,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $27.61, for a total value of $1,380,500.00. Following the transaction, the chief executive officer now directly owns 12,177 shares of the company’s stock, valued at $336,206.97. The trade was a 80.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 stock was sold at an average price of $25.08, for a total transaction 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 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 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 value of $817,645.43.

Warby Parker Stock Down 0.0 %

NYSE:WRBY opened at $26.88 on Thursday. Warby Parker Inc. has a 52 week low of $11.35 and a 52 week high of $28.68. The company has a fifty day simple moving average of $25.06 and a two-hundred day simple moving average of $19.50. The company has a market cap of $2.73 billion, a price-to-earnings ratio of -99.54 and a beta of 1.90.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WRBY. Piper Sandler raised their target price on Warby Parker from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Telsey Advisory Group raised their price objective on shares of Warby Parker from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Robert W. Baird increased their price target on shares of Warby Parker from $18.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. The Goldman Sachs Group lifted their price target on shares of Warby Parker from $20.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. 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 research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.77.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of WRBY. AQR Capital Management LLC purchased a new position in shares of Warby Parker in the 2nd quarter valued at about $186,000. Millennium Management LLC lifted its stake in Warby Parker by 26.6% in the second quarter. Millennium Management LLC now owns 299,151 shares of the company’s stock worth $4,804,000 after acquiring an additional 62,865 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Warby Parker by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 44,667 shares of the company’s stock worth $717,000 after acquiring an additional 3,007 shares in the last quarter. Algert Global LLC increased its position in shares of Warby Parker by 81.8% in the 2nd quarter. Algert Global LLC now owns 40,346 shares of the company’s stock valued at $648,000 after purchasing an additional 18,154 shares during the last quarter. Finally, LVW Advisors LLC raised its holdings in shares of Warby Parker by 27.9% in the 3rd quarter. LVW Advisors LLC now owns 16,027 shares of the company’s stock valued at $262,000 after purchasing an additional 3,500 shares in the last quarter. 93.24% of the stock is owned by institutional investors and hedge funds.

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.