Durable Capital Partners Lp Acquires 140,975 Shares of Warby Parker Inc (NYSE:WRBY) Stock

Warby Parker Inc (NYSE:WRBY) major shareholder Durable Capital Partners Lp acquired 140,975 shares of Warby Parker stock in a transaction on Wednesday, January 12th. The stock was acquired at an average cost of $37.94 per share, for a total transaction of $5,348,591.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Durable Capital Partners Lp also recently made the following trade(s):

  • On Friday, January 14th, Durable Capital Partners Lp purchased 295,352 shares of Warby Parker stock. The shares were purchased at an average cost of $34.23 per share, for a total transaction of $10,109,898.96.
  • On Monday, January 10th, Durable Capital Partners Lp purchased 261,366 shares of Warby Parker stock. The shares were purchased at an average cost of $36.86 per share, for a total transaction of $9,633,950.76.
  • On Thursday, January 6th, Durable Capital Partners Lp purchased 58,389 shares of Warby Parker stock. The shares were purchased at an average cost of $41.25 per share, for a total transaction of $2,408,546.25.
  • On Tuesday, January 4th, Durable Capital Partners Lp purchased 210,935 shares of Warby Parker stock. The shares were purchased at an average cost of $43.94 per share, for a total transaction of $9,268,483.90.
  • On Monday, December 20th, Durable Capital Partners Lp purchased 75,677 shares of Warby Parker stock. The shares were purchased at an average cost of $43.75 per share, for a total transaction of $3,310,868.75.
  • On Monday, December 13th, Durable Capital Partners Lp purchased 120,000 shares of Warby Parker stock. The shares were purchased at an average cost of $45.83 per share, for a total transaction of $5,499,600.00.
  • On Friday, December 10th, Durable Capital Partners Lp acquired 130,000 shares of Warby Parker stock. The stock was bought at an average cost of $46.65 per share, for a total transaction of $6,064,500.00.
  • On Wednesday, December 8th, Durable Capital Partners Lp acquired 9,215 shares of Warby Parker stock. The stock was bought at an average cost of $47.00 per share, for a total transaction of $433,105.00.
  • On Monday, December 6th, Durable Capital Partners Lp acquired 266,967 shares of Warby Parker stock. The stock was bought at an average cost of $45.68 per share, for a total transaction of $12,195,052.56.
  • On Thursday, December 2nd, Durable Capital Partners Lp acquired 37,625 shares of Warby Parker stock. The stock was bought at an average cost of $50.15 per share, for a total transaction of $1,886,893.75.

Warby Parker stock opened at $34.27 on Friday. The business’s 50-day moving average price is $48.14. Warby Parker Inc has a fifty-two week low of $32.95 and a fifty-two week high of $60.30.

Warby Parker (NYSE:WRBY) last released its quarterly earnings data on Friday, November 12th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.63) by $0.66. The firm had revenue of $137.40 million for the quarter, compared to analyst estimates of $133.09 million. The business’s revenue was up 32.0% on a year-over-year basis. Research analysts predict that Warby Parker Inc will post -0.84 earnings per share for the current fiscal year.

Several equities research analysts recently commented on WRBY shares. Zacks Investment Research raised shares of Warby Parker from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Saturday, January 8th. Morgan Stanley initiated coverage on shares of Warby Parker in a research report on Monday, October 25th. They issued an “equal weight” rating and a $58.00 price objective on the stock. Citigroup initiated coverage on shares of Warby Parker in a research note on Tuesday, October 26th. They issued a “buy” rating and a $67.00 price target on the stock. Telsey Advisory Group lifted their price target on shares of Warby Parker from $66.00 to $69.00 and gave the company an “outperform” rating in a research note on Monday, November 15th. Finally, Cowen initiated coverage on shares of Warby Parker in a research note on Monday, October 25th. They issued an “outperform” rating and a $66.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Warby Parker currently has an average rating of “Buy” and an average target price of $62.00.

Several institutional investors have recently added to or reduced their stakes in WRBY. General Catalyst Group Management LLC acquired a new position in shares of Warby Parker during the 3rd quarter worth about $511,303,000. Baillie Gifford & Co. acquired a new position in shares of Warby Parker during the 3rd quarter worth about $264,771,000. Capital Research Global Investors bought a new stake in shares of Warby Parker during the 3rd quarter worth about $93,765,000. Suvretta Capital Management LLC bought a new stake in shares of Warby Parker during the 3rd quarter worth about $53,050,000. Finally, Rock Springs Capital Management LP bought a new stake in shares of Warby Parker during the 3rd quarter worth about $34,483,000.

Warby Parker Company Profile

Warby Parker Inc is a direct-to-consumer eyewear brand. Warby Parker Inc is based in NEW YORK.

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Insider Buying and Selling by Quarter for Warby Parker (NYSE:WRBY)

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