Steven Clive Miller Sells 14,853 Shares of Warby Parker Inc. (NYSE:WRBY) Stock

Warby Parker Inc. (NYSE:WRBY) CFO Steven Clive Miller sold 14,853 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $22.61, for a total transaction of $335,826.33. Following the completion of the sale, the chief financial officer now owns 189,146 shares of the company’s stock, valued at approximately $4,276,591.06. The trade was a 7.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, September 11th, Steven Clive Miller sold 6,763 shares of Warby Parker stock. The stock was sold at an average price of $13.90, for a total transaction of $94,005.70.
• On Friday, September 6th, Steven Clive Miller sold 15,272 shares of Warby Parker stock. The shares were sold at an average price of $13.00, for a total value of $198,536.00.

Warby Parker Trading Down 1.8 %

NYSE:WRBY traded down $0.43 during mid-day trading on Thursday, hitting $23.26. 1,024,452 shares of the company’s stock traded hands, compared to its average volume of 1,435,068. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of -87.74 and a beta of 1.93. The firm has a 50 day moving average of $18.87 and a two-hundred day moving average of $16.68. Warby Parker Inc. has a 12 month low of $10.28 and a 12 month high of $24.60.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WRBY. BTIG Research raised their price target on Warby Parker from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. JMP Securities upgraded shares of Warby Parker from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research note on Friday, August 23rd. The Goldman Sachs Group upgraded shares of Warby Parker from a “neutral” rating to a “buy” rating and increased their price target for the stock from $15.00 to $18.00 in a research note on Monday, October 21st. Piper Sandler lifted their price objective on shares of Warby Parker from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Warby Parker from a “neutral” rating to a “buy” rating and increased their target price for the stock from $15.00 to $18.00 in a research report on Monday, October 21st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.82.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC increased its position in shares of Warby Parker by 3.4% during the third quarter. Janney Montgomery Scott LLC now owns 47,908 shares of the company’s stock valued at $782,000 after purchasing an additional 1,556 shares during the period. Hsbc Holdings PLC increased its holdings in Warby Parker by 11.5% in the 2nd quarter. Hsbc Holdings PLC now owns 25,696 shares of the company’s stock valued at $413,000 after buying an additional 2,651 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Warby Parker by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 44,667 shares of the company’s stock valued at $717,000 after buying an additional 3,007 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Warby Parker by 16.0% during the 2nd quarter. Arizona State Retirement System now owns 23,408 shares of the company’s stock worth $376,000 after acquiring an additional 3,224 shares during the period. Finally, LVW Advisors LLC boosted its position in shares of Warby Parker by 27.9% during the 3rd quarter. LVW Advisors LLC now owns 16,027 shares of the company’s stock valued at $262,000 after acquiring an additional 3,500 shares in the last quarter. 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.