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

Warby Parker Inc. (NYSE:WRBYGet Free Report) CEO Neil Harris Blumenthal sold 50,000 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $23.65, for a total value of $1,182,500.00. Following the transaction, the chief executive officer now directly owns 12,177 shares in the company, valued at $287,986.05. The trade was a 80.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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 shares were sold at an average price of $22.61, for a total transaction of $817,645.43.

Warby Parker Stock Up 1.2 %

Shares of WRBY stock opened at $23.82 on Friday. The stock has a 50 day moving average of $19.81 and a 200-day moving average of $16.96. The firm has a market cap of $2.42 billion, a PE ratio of -88.20 and a beta of 1.93. Warby Parker Inc. has a 12 month low of $10.80 and a 12 month high of $24.60.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Stifel Nicolaus lifted their price objective on Warby Parker from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Wednesday. JMP Securities upgraded Warby Parker from a “market perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a report on Friday, August 23rd. BTIG Research raised their price objective on shares of Warby Parker from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Telsey Advisory Group boosted their target price on shares of Warby Parker from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Finally, Piper Sandler increased their target price on shares of Warby Parker from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.00.

Get Our Latest Analysis on WRBY

Institutional Trading of Warby Parker

A number of hedge funds have recently bought and sold shares of WRBY. Vaughan Nelson Investment Management L.P. grew its position 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 buying an additional 1,315,672 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Warby Parker by 1,013.4% in the second quarter. Marshall Wace LLP now owns 1,422,940 shares of the company’s stock valued at $22,852,000 after purchasing an additional 1,295,136 shares in the last quarter. Renaissance Technologies LLC lifted its position in Warby Parker by 44.3% in the second quarter. Renaissance Technologies LLC now owns 1,568,600 shares of the company’s stock worth $25,192,000 after purchasing an additional 481,900 shares during the period. Verition Fund Management LLC bought a new stake in Warby Parker in the 3rd quarter valued at $7,462,000. Finally, Zweig DiMenna Associates LLC acquired a new position in shares of Warby Parker in the 2nd quarter valued at $5,183,000. 93.24% of the stock is owned by institutional investors.

Warby Parker Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Warby Parker (NYSE:WRBY)

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