Warby Parker Inc. (NYSE:WRBY) CEO Sells $1,380,500.00 in Stock

Warby Parker Inc. (NYSE:WRBY) CEO Neil Harris Blumenthal sold 50,000 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $27.61, for a total transaction of $1,380,500.00. Following the completion of the sale, the chief executive officer now directly owns 12,177 shares of the company’s stock, valued at $336,206.97. The trade was a 80.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• 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 value of $7,542,000.00.
• On Friday, December 20th, Neil Harris Blumenthal sold 93,946 shares of Warby Parker stock. The stock was sold at an average price of $25.08, for a total value 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 value of $1,406,394.86.
• On Monday, December 9th, Neil Harris Blumenthal sold 50,000 shares of Warby Parker stock. The stock was sold at an average price of $23.65, for a total value 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 Performance

NYSE:WRBY opened at $27.39 on Tuesday. The stock’s 50 day moving average price is $24.93 and its 200 day moving average price is $19.37. Warby Parker Inc. has a 52 week low of $11.35 and a 52 week high of $28.68. The company has a market capitalization of $2.78 billion, a P/E ratio of -101.43 and a beta of 1.90.

Analyst Ratings Changes

Several analysts have issued reports on WRBY shares. BTIG Research boosted their price objective on Warby Parker from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Piper Sandler upped their target price on Warby Parker from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, November 8th. William Blair upgraded Warby Parker from a “market perform” rating to an “outperform” rating in a report on Thursday, November 7th. Stifel Nicolaus upped their target price on Warby Parker from $17.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Finally, Morgan Stanley upped their target price on Warby Parker from $17.00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.67.

Institutional Investors Weigh In On Warby Parker

Large investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC bought a new stake in Warby Parker during the fourth quarter worth approximately $25,000. KBC Group NV boosted its position in Warby Parker by 39.3% during the fourth quarter. KBC Group NV now owns 4,743 shares of the company’s stock worth $115,000 after purchasing an additional 1,339 shares during the period. Shaker Investments LLC OH bought a new stake in Warby Parker during the fourth quarter worth approximately $279,000. AQR Capital Management LLC bought a new stake in Warby Parker during the second quarter worth approximately $186,000. Finally, Thrivent Financial for Lutherans bought a new stake in Warby Parker during the third quarter worth approximately $213,000. 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.