Warby Parker Inc. (NYSE:WRBY) CEO Neil Harris Blumenthal Sells 56,054 Shares of Stock

Warby Parker Inc. (NYSE:WRBY) CEO Neil Harris Blumenthal sold 56,054 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $25.09, for a total transaction of $1,406,394.86. Following the completion of the transaction, the chief executive officer now directly owns 12,177 shares of the company’s stock, valued at approximately $305,520.93. This trade represents a 82.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Neil Harris Blumenthal also recently made the following trade(s):

• On Monday, December 9th, Neil Harris Blumenthal sold 50,000 shares of Warby Parker stock. The stock was sold at an average price of $23.65, for a total value of $1,182,500.00.
• On Tuesday, December 3rd, Neil Harris Blumenthal sold 36,163 shares of Warby Parker stock. The stock was sold at an average price of $22.61, for a total transaction of $817,645.43.

Warby Parker Trading Up 3.8 %

NYSE WRBY opened at $25.18 on Friday. The stock’s fifty day moving average price is $20.61 and its 200-day moving average price is $17.20. The stock has a market cap of $2.56 billion, a P/E ratio of -93.26 and a beta of 1.93. Warby Parker Inc. has a 12 month low of $11.35 and a 12 month high of $25.35.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on WRBY shares. The Goldman Sachs Group lifted their price objective on Warby Parker from $20.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Piper Sandler raised their target price 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. Stifel Nicolaus boosted their price target on shares of Warby Parker from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Robert W. Baird raised their price objective on shares of Warby Parker from $18.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft raised Warby Parker from a “neutral” rating to a “buy” rating and increased their target price for the company from $15.00 to $18.00 in a research note on Monday, October 21st. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $20.73.

Institutional Trading of Warby Parker

A number of institutional investors and hedge funds have recently bought and sold shares of the company. First Eagle Investment Management LLC purchased a new stake in shares of Warby Parker during the second quarter valued at approximately $131,000. Choreo LLC bought a new position in Warby Parker in the 2nd quarter valued at approximately $167,000. AQR Capital Management LLC purchased a new stake in Warby Parker during the 2nd quarter valued at $186,000. Thrivent Financial for Lutherans bought a new stake in shares of Warby Parker in the 3rd quarter worth $213,000. Finally, LVW Advisors LLC raised its stake in shares of Warby Parker by 27.9% in the third quarter. LVW Advisors LLC now owns 16,027 shares of the company’s stock worth $262,000 after purchasing an additional 3,500 shares during the last quarter. 93.24% of the stock is currently 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.