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

Warby Parker Inc. (NYSE:WRBY) 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.

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

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.