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

Warby Parker Inc. (NYSE:WRBY) CEO Neil Harris Blumenthal sold 27,967 shares of Warby Parker stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total value of $657,783.84. Following the completion of the transaction, the chief executive officer now directly owns 23,961 shares in the company, valued at $563,562.72. This represents a 53.86 % decrease in their position. The sale 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 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 Warby Parker stock opened at $23.56 on Thursday. The firm has a fifty day simple moving average of $25.54 and a 200-day simple moving average of $20.87. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of -87.26 and a beta of 1.90. Warby Parker Inc. has a 1-year low of $11.35 and a 1-year high of $28.68.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on WRBY shares. Morgan Stanley lifted their price target on Warby Parker from $17.00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. JMP Securities upped their target price on Warby Parker from $23.00 to $28.00 and gave the company a “market outperform” rating in a report on Monday, December 16th. Telsey Advisory Group reissued an “outperform” rating and issued a $28.00 price target on shares of Warby Parker in a research report on Thursday, February 27th. Stifel Nicolaus boosted their price objective on shares of Warby Parker from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Finally, Roth Capital upgraded shares of Warby Parker to a “strong-buy” rating in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $23.43.

Institutional Trading of Warby Parker

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WRBY. American Century Companies Inc. raised its position in shares of Warby Parker by 64.7% during the fourth quarter. American Century Companies Inc. now owns 2,144,422 shares of the company’s stock valued at $51,916,000 after buying an additional 842,558 shares during the last quarter. Durable Capital Partners LP raised its holdings in Warby Parker by 10.3% in the 4th quarter. Durable Capital Partners LP now owns 9,017,825 shares of the company’s stock valued at $218,322,000 after acquiring an additional 840,797 shares in the last quarter. Great Lakes Advisors LLC bought a new stake in shares of Warby Parker in the 4th quarter worth approximately $14,596,000. Verition Fund Management LLC acquired a new stake in shares of Warby Parker during the 3rd quarter worth approximately $7,462,000. Finally, Symmetry Investments LP acquired a new stake in shares of Warby Parker during the 4th quarter worth approximately $8,581,000. Institutional investors and hedge funds 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.