Warby Parker Inc. (NYSE:WRBY) CEO Neil Harris Blumenthal Sells 50,000 Shares

Warby Parker Inc. (NYSE:WRBY) CEO Neil Harris Blumenthal sold 50,000 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $23.65, for a total transaction of $1,182,500.00. Following the transaction, the chief executive officer now directly owns 12,177 shares of the company’s stock, valued at approximately $287,986.05. This trade represents a 80.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 Trading Down 0.8 %

Shares of NYSE:WRBY opened at $23.63 on Friday. Warby Parker Inc. has a 52 week low of $11.35 and a 52 week high of $24.71. The company’s 50 day moving average is $19.96 and its two-hundred day moving average is $17.01. The company has a market cap of $2.40 billion, a PE ratio of -87.52 and a beta of 1.93.

Analyst Upgrades and Downgrades

WRBY has been the topic of a number of research analyst reports. William Blair raised Warby Parker from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 7th. Stifel Nicolaus increased their target price on Warby Parker from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Wednesday. Piper Sandler lifted their target price on Warby Parker from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft raised shares of Warby Parker from a “neutral” rating to a “buy” rating and increased their price target for the stock from $15.00 to $18.00 in a research report on Monday, October 21st. Finally, The Goldman Sachs Group lifted their price objective on shares of Warby Parker from $20.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

Hedge Funds Weigh In On Warby Parker

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC boosted its position in shares of Warby Parker by 610.3% during the 2nd quarter. SG Americas Securities LLC now owns 91,598 shares of the company’s stock worth $1,471,000 after acquiring an additional 78,702 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in Warby Parker by 113.3% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,477,410 shares of the company’s stock worth $39,787,000 after purchasing an additional 1,315,672 shares during the last quarter. Blueshift Asset Management LLC purchased a new stake in Warby Parker during the third quarter worth approximately $1,223,000. Maverick Capital Ltd. acquired a new position in Warby Parker in the second quarter valued at approximately $1,465,000. Finally, Driehaus Capital Management LLC increased its stake in Warby Parker by 43.9% in the second quarter. Driehaus Capital Management LLC now owns 806,501 shares of the company’s stock valued at $12,952,000 after purchasing an additional 246,011 shares during the last quarter. Hedge funds and other institutional investors own 93.24% of the company’s stock.

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.