Warby Parker Inc. (NYSE:WRBY) CEO Neil Harris Blumenthal Sells 93,946 Shares

Warby Parker Inc. (NYSE:WRBY) CEO Neil Harris Blumenthal sold 93,946 shares of Warby Parker stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $25.08, for a total value of $2,356,165.68. Following the transaction, the chief executive officer now directly owns 12,177 shares of the company’s stock, valued at $305,399.16. The trade was a 88.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, December 18th, Neil Harris Blumenthal sold 56,054 shares of Warby Parker stock. The shares were sold at an average price of $25.09, for a total value of $1,406,394.86.
• On Monday, December 9th, Neil Harris Blumenthal sold 50,000 shares of Warby Parker stock. The shares were 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 value of $817,645.43.

Warby Parker Price Performance

Shares of WRBY opened at $24.42 on Friday. The firm has a market cap of $2.48 billion, a P/E ratio of -90.44 and a beta of 1.93. The stock has a 50 day simple moving average of $21.72 and a two-hundred day simple moving average of $17.53. Warby Parker Inc. has a 1 year low of $11.35 and a 1 year high of $25.89.

Institutional Trading of Warby Parker

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC lifted its position in Warby Parker by 3.4% in 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 last quarter. Hsbc Holdings PLC lifted its position in Warby Parker by 11.5% in the second quarter. Hsbc Holdings PLC now owns 25,696 shares of the company’s stock valued at $413,000 after purchasing an additional 2,651 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Warby Parker by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 44,667 shares of the company’s stock valued at $717,000 after purchasing an additional 3,007 shares during the last quarter. Arizona State Retirement System lifted its position in Warby Parker by 16.0% in the second quarter. Arizona State Retirement System now owns 23,408 shares of the company’s stock valued at $376,000 after purchasing an additional 3,224 shares during the last quarter. Finally, LVW Advisors LLC lifted its position in Warby Parker by 27.9% in the third quarter. LVW Advisors LLC now owns 16,027 shares of the company’s stock valued at $262,000 after purchasing an additional 3,500 shares during the last quarter. Institutional investors own 93.24% of the company’s stock.

Wall Street Analysts Forecast Growth

WRBY has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised Warby Parker from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $15.00 to $18.00 in a report on Monday, October 21st. Stifel Nicolaus boosted their price objective on Warby Parker from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Telsey Advisory Group boosted their price objective on Warby Parker from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. William Blair raised Warby Parker from a “market perform” rating to an “outperform” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group boosted their price objective on Warby Parker from $20.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $20.73.

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.