Warby Parker Inc. (NYSE:WRBY - Get Free Report) CEO Neil Harris Blumenthal sold 93,946 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $25.08, for a total transaction of $2,356,165.68. Following the transaction, the chief executive officer now directly owns 12,177 shares of the company's stock, valued at $305,399.16. This represents a 88.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Neil Harris Blumenthal also recently made the following trade(s):
Shares of NYSE:WRBY traded down $0.69 during midday trading on Thursday, reaching $25.03. The company's stock had a trading volume of 1,432,514 shares, compared to its average volume of 1,448,152. The firm has a market capitalization of $2.54 billion, a PE ratio of -92.70 and a beta of 1.93. The stock has a fifty day moving average of $21.39 and a 200 day moving average of $17.43. Warby Parker Inc. has a twelve month low of $11.35 and a twelve month high of $25.89.
A number of brokerages have issued reports on WRBY. William Blair raised shares of Warby Parker from a "market perform" rating to an "outperform" rating in a report on Thursday, November 7th. Telsey Advisory Group upped their price objective on shares of Warby Parker from $22.00 to $26.00 and gave the stock an "outperform" rating in a report on Tuesday, November 19th. BTIG Research lifted their price target on Warby Parker from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. JMP Securities increased their target price 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. Finally, Stifel Nicolaus increased 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. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.73.
Read Our Latest Research Report on WRBY
Large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake in Warby Parker by 14.8% during the second quarter. Bank of New York Mellon Corp now owns 807,272 shares of the company's stock worth $12,965,000 after purchasing an additional 104,360 shares in the last quarter. Panagora Asset Management Inc. raised its position in Warby Parker by 8.6% in the 2nd quarter. Panagora Asset Management Inc. now owns 214,560 shares of the company's stock valued at $3,446,000 after purchasing an additional 16,939 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new position in shares of Warby Parker during the second quarter worth about $675,000. Natixis Advisors LLC grew its stake in shares of Warby Parker by 58.8% in the 2nd quarter. Natixis Advisors LLC now owns 445,292 shares of the company's stock valued at $7,151,000 after purchasing an additional 164,879 shares during the last quarter. Finally, Versor Investments LP raised its position in Warby Parker by 137.2% during the 2nd quarter. Versor Investments LP now owns 26,800 shares of the company's stock worth $430,000 after buying an additional 15,500 shares during the last quarter. 93.24% of the stock is currently owned by hedge funds and other institutional investors.
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.
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