Insider Selling: Warby Parker Inc. (NYSE:WRBY) CFO Sells $335,826.33 in Stock

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

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

Warby Parker Stock Up 2.3 %

Shares of Warby Parker stock opened at $23.79 on Friday. The business has a 50-day simple moving average of $19.17 and a 200 day simple moving average of $16.78. Warby Parker Inc. has a one year low of $10.28 and a one year high of $24.60.

Wall Street Analyst Weigh In

WRBY has been the subject of several analyst reports. Telsey Advisory Group raised their price target on shares of Warby Parker from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. BTIG Research lifted their target price on shares of Warby Parker from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group raised shares of Warby Parker from a “neutral” rating to a “buy” rating and upped their price target 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. Finally, Robert W. Baird boosted their price objective on Warby Parker from $18.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $18.82.

Hedge Funds Weigh In On Warby Parker

A number of institutional investors have recently modified their holdings of the company. First Eagle Investment Management LLC acquired a new position in Warby Parker during the 2nd quarter valued at about $131,000. Choreo LLC bought a new stake in Warby Parker during the second quarter worth $167,000. AQR Capital Management LLC bought a new stake in Warby Parker during the second quarter worth $186,000. LVW Advisors LLC purchased a new stake in Warby Parker in the 2nd quarter valued at $201,000. Finally, Thrivent Financial for Lutherans bought a new position in Warby Parker during the 3rd quarter valued at $213,000. 93.24% of the stock is owned by institutional investors and hedge funds.

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.