Warby Parker Inc. (NYSE:WRBY - Get Free Report) 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 sale, the chief executive officer now directly owns 12,177 shares in the company, valued at approximately $305,520.93. The trade was a 82.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Neil Harris Blumenthal also recently made the following trade(s):
WRBY traded up $0.92 during trading on Friday, hitting $25.18. The stock had a trading volume of 3,637,201 shares, compared to its average volume of 1,447,908. The firm has a market capitalization of $2.56 billion, a P/E ratio of -93.26 and a beta of 1.93. The company's 50-day moving average price is $20.61 and its 200 day moving average price is $17.20. Warby Parker Inc. has a twelve month low of $11.35 and a twelve month high of $25.35.
Institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC lifted its holdings in shares of Warby Parker by 3.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 47,908 shares of the company's stock valued at $782,000 after buying an additional 1,556 shares during the period. Hsbc Holdings PLC increased its holdings in shares of 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 purchasing an additional 2,651 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of 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 period. Arizona State Retirement System boosted its holdings in Warby Parker by 16.0% during the second quarter. Arizona State Retirement System now owns 23,408 shares of the company's stock worth $376,000 after buying an additional 3,224 shares in the last quarter. Finally, LVW Advisors LLC grew its position in Warby Parker by 27.9% during the third quarter. LVW Advisors LLC now owns 16,027 shares of the company's stock worth $262,000 after buying an additional 3,500 shares during the period. Hedge funds and other institutional investors own 93.24% of the company's stock.
Several equities analysts have issued reports on WRBY shares. Piper Sandler raised their price objective on Warby Parker from $18.00 to $22.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft raised Warby Parker from a "neutral" rating to a "buy" rating and upped their target price for the company from $15.00 to $18.00 in a research report on Monday, October 21st. William Blair raised Warby Parker from a "market perform" rating to an "outperform" rating in a research report on Thursday, November 7th. BTIG Research increased their price objective on Warby Parker from $18.00 to $20.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Robert W. Baird raised their target price on shares of Warby Parker from $18.00 to $23.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $20.73.
Check Out Our Latest Stock Report on 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.
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