Warby Parker Inc. (NYSE:WRBY) CEO Neil Harris Blumenthal Sells 27,967 Shares

Warby Parker Inc. (NYSE:WRBY) CEO Neil Harris Blumenthal sold 27,967 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total transaction of $657,783.84. Following the completion of the sale, the chief executive officer now directly owns 23,961 shares in the company, valued at approximately $563,562.72. The trade was a 53.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Thursday, January 30th, Neil Harris Blumenthal sold 50,000 shares of Warby Parker stock. The stock was sold at an average price of $27.61, for a total transaction of $1,380,500.00.
• 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 transaction 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 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 value of $1,182,500.00.

Warby Parker Trading Up 1.5 %

Shares of NYSE WRBY opened at $23.56 on Thursday. The company has a market capitalization of $2.40 billion, a P/E ratio of -87.26 and a beta of 1.90. Warby Parker Inc. has a 12 month low of $11.35 and a 12 month high of $28.68. The stock has a 50 day moving average of $25.54 and a 200-day moving average of $20.87.

Hedge Funds Weigh In On Warby Parker

Several large investors have recently modified their holdings of the stock. Global Retirement Partners LLC bought a new stake in shares of Warby Parker during the 4th quarter worth about $25,000. NewEdge Advisors LLC lifted its holdings in Warby Parker by 700.0% during the 4th quarter. NewEdge Advisors LLC now owns 1,200 shares of the company’s stock worth $29,000 after purchasing an additional 1,050 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Warby Parker by 205.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company’s stock valued at $37,000 after purchasing an additional 1,028 shares during the period. Comerica Bank grew its holdings in Warby Parker by 153.1% in the 4th quarter. Comerica Bank now owns 2,291 shares of the company’s stock valued at $55,000 after buying an additional 1,386 shares in the last quarter. Finally, Anderson Financial Strategies LLC bought a new position in Warby Parker during the 4th quarter worth $69,000. 93.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JMP Securities upped their price target on Warby Parker from $23.00 to $28.00 and gave the company a “market outperform” rating in a research note on Monday, December 16th. UBS Group raised their target price on shares of Warby Parker from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, February 28th. Telsey Advisory Group reiterated an “outperform” rating and set a $28.00 price target on shares of Warby Parker in a research report on Thursday, February 27th. William Blair upgraded shares of Warby Parker from a “market perform” rating to an “outperform” rating in a report on Thursday, November 7th. Finally, Roth Mkm initiated coverage on shares of Warby Parker in a research report on Tuesday, February 25th. They set a “neutral” rating and a $26.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.43.

About Warby Parker

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.