Warby Parker Inc. (NYSE:WRBY) CFO Steven Clive Miller Sells 11,684 Shares

Warby Parker Inc. (NYSE:WRBY) CFO Steven Clive Miller sold 11,684 shares of Warby Parker stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total value of $274,807.68. Following the sale, the chief financial officer now directly owns 204,727 shares of the company’s stock, valued at approximately $4,815,179.04. The trade was a 5.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Steven Clive Miller also recently made the following trade(s):

• On Wednesday, December 11th, Steven Clive Miller sold 7,016 shares of Warby Parker stock. The shares were sold at an average price of $23.85, for a total value of $167,331.60.

Warby Parker Price Performance

Shares of NYSE:WRBY opened at $23.56 on Thursday. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of -87.26 and a beta of 1.90. The business’s 50-day moving average is $25.54 and its 200-day moving average is $20.87. Warby Parker Inc. has a 1 year low of $11.35 and a 1 year high of $28.68.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WRBY shares. Citigroup reiterated a “sell” rating and issued a $23.00 price target (up previously from $19.00) on shares of Warby Parker in a research note on Wednesday, February 5th. Roth Mkm started coverage on Warby Parker in a research note on Tuesday, February 25th. They issued a “neutral” rating and a $26.00 price target on the stock. William Blair upgraded Warby Parker from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 7th. Stifel Nicolaus lifted their price target on Warby Parker from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $28.00 price target on shares of Warby Parker in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Warby Parker currently has a consensus rating of “Moderate Buy” and an average price target of $23.43.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Durable Capital Partners LP lifted its stake in shares of 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 purchasing an additional 840,797 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in Warby Parker by 3.5% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,645,540 shares of the company’s stock worth $64,047,000 after buying an additional 89,835 shares during the period. State Street Corp raised its stake in Warby Parker by 3.2% during the 3rd quarter. State Street Corp now owns 2,209,025 shares of the company’s stock worth $36,073,000 after buying an additional 69,108 shares during the period. American Century Companies Inc. raised its stake in Warby Parker by 64.7% during the 4th quarter. American Century Companies Inc. now owns 2,144,422 shares of the company’s stock worth $51,916,000 after buying an additional 842,558 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Warby Parker by 18.5% in the fourth quarter. Renaissance Technologies LLC now owns 2,002,400 shares of the company’s stock worth $48,478,000 after purchasing an additional 313,100 shares during the last quarter. 93.24% of the stock is owned by institutional investors and hedge funds.

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.