Insider Selling: Warby Parker Inc. (NYSE:WRBY) CEO Sells $2,487,377.46 in Stock

Warby Parker Inc. (NYSE:WRBYGet Free Report) CEO David Abraham Gilboa sold 149,034 shares of Warby Parker stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $16.69, for a total value of $2,487,377.46. Following the completion of the transaction, the chief executive officer now directly owns 12,306 shares of the company’s stock, valued at approximately $205,387.14. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Warby Parker Stock Down 2.5 %

Warby Parker stock opened at $16.15 on Friday. The business has a 50-day simple moving average of $14.69 and a two-hundred day simple moving average of $13.56. The company has a market cap of $1.60 billion, a P/E ratio of -35.15 and a beta of 1.86. Warby Parker Inc. has a 52-week low of $9.83 and a 52-week high of $17.95.

Warby Parker (NYSE:WRBYGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $200.00 million during the quarter, compared to the consensus estimate of $196.25 million. Warby Parker had a negative return on equity of 13.19% and a negative net margin of 7.89%. Research analysts anticipate that Warby Parker Inc. will post -0.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. FMR LLC lifted its position in shares of Warby Parker by 0.5% during the 3rd quarter. FMR LLC now owns 9,277,969 shares of the company’s stock valued at $122,098,000 after buying an additional 43,601 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Warby Parker by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 8,677,106 shares of the company’s stock valued at $118,095,000 after buying an additional 219,120 shares in the last quarter. Baillie Gifford & Co. lifted its position in shares of Warby Parker by 6.3% during the 4th quarter. Baillie Gifford & Co. now owns 6,430,452 shares of the company’s stock valued at $90,669,000 after buying an additional 378,781 shares in the last quarter. TimesSquare Capital Management LLC lifted its position in shares of Warby Parker by 149.4% during the 1st quarter. TimesSquare Capital Management LLC now owns 1,687,750 shares of the company’s stock valued at $22,970,000 after buying an additional 1,011,030 shares in the last quarter. Finally, Scopia Capital Management LP lifted its position in shares of Warby Parker by 781.3% during the 3rd quarter. Scopia Capital Management LP now owns 1,590,744 shares of the company’s stock valued at $20,934,000 after buying an additional 1,410,243 shares in the last quarter. 93.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $19.00 price objective on shares of Warby Parker in a report on Thursday, May 9th. Morgan Stanley lifted their price objective on Warby Parker from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Finally, UBS Group lifted their price objective on Warby Parker from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, May 10th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Warby Parker currently has a consensus rating of “Hold” and an average target price of $16.50.

View Our Latest Analysis on WRBY

Warby Parker Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Warby Parker (NYSE:WRBY)

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