Warby Parker Inc. (NYSE:WRBY) CEO Neil Harris Blumenthal Sells 93,946 Shares of Stock

Warby Parker Inc. (NYSE:WRBY) CEO Neil Harris Blumenthal sold 93,946 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $25.08, for a total value of $2,356,165.68. Following the completion of the sale, the chief executive officer now directly owns 12,177 shares in the company, valued at approximately $305,399.16. The trade was a 88.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, December 18th, Neil Harris Blumenthal sold 56,054 shares of Warby Parker stock. The shares were sold at an average price of $25.09, for a total value 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 2.7 %

Shares of NYSE WRBY traded down $0.69 during midday trading on Thursday, reaching $25.03. 1,432,514 shares of the company were exchanged, compared to its average volume of 1,448,152. Warby Parker Inc. has a one year low of $11.35 and a one year high of $25.89. The stock has a market cap of $2.54 billion, a P/E ratio of -92.70 and a beta of 1.93. The stock’s 50-day moving average price is $21.39 and its 200-day moving average price is $17.43.

Wall Street Analyst Weigh In

Several equities research analysts have commented on WRBY shares. Telsey Advisory Group raised their price target on shares of Warby Parker from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft raised Warby Parker from a “neutral” rating to a “buy” rating and upped their target price for the company from $15.00 to $18.00 in a report on Monday, October 21st. Robert W. Baird increased their target price on Warby Parker from $18.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, November 8th. William Blair upgraded shares of Warby Parker from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 7th. Finally, Stifel Nicolaus increased their price target on shares of Warby Parker from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.73.

Hedge Funds Weigh In On Warby Parker

Several institutional investors have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC acquired a new stake in Warby Parker in the 2nd quarter valued at $131,000. Choreo LLC purchased a new position in shares of Warby Parker during the 2nd quarter valued at $167,000. AQR Capital Management LLC purchased a new position in Warby Parker in the 2nd quarter valued at approximately $186,000. Thrivent Financial for Lutherans bought a new stake in shares of Warby Parker during the third quarter valued at about $213,000. Finally, LVW Advisors LLC boosted its stake in Warby Parker by 27.9% during the third quarter. LVW Advisors LLC now owns 16,027 shares of the company’s stock valued at $262,000 after buying an additional 3,500 shares during the period. 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.