Warby Parker Inc. (NYSE:WRBY) CEO Neil Harris Blumenthal Sells 50,000 Shares

Warby Parker Inc. (NYSE:WRBY) CEO Neil Harris Blumenthal sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $27.61, for a total transaction of $1,380,500.00. Following the transaction, the chief executive officer now directly owns 12,177 shares in the company, valued at approximately $336,206.97. This trade represents a 80.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Thursday, January 2nd, Neil Harris Blumenthal sold 300,000 shares of Warby Parker stock. The stock was sold at an average price of $25.14, for a total transaction of $7,542,000.00.
• On Friday, December 20th, Neil Harris Blumenthal sold 93,946 shares of Warby Parker stock. The stock was sold at an average price of $25.08, for a total transaction of $2,356,165.68.
• On Wednesday, December 18th, Neil Harris Blumenthal sold 56,054 shares of Warby Parker stock. The stock was sold at an average price of $25.09, for a total transaction of $1,406,394.86.
• 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 transaction of $1,182,500.00.
• On Tuesday, December 3rd, Neil Harris Blumenthal sold 36,163 shares of Warby Parker stock. The shares were sold at an average price of $22.61, for a total transaction of $817,645.43.

Warby Parker Stock Down 1.2 %

Shares of NYSE:WRBY traded down $0.33 during trading on Monday, reaching $27.39. The stock had a trading volume of 1,502,361 shares, compared to its average volume of 1,682,774. The stock has a fifty day simple moving average of $24.86 and a two-hundred day simple moving average of $19.29. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of -101.43 and a beta of 1.90. Warby Parker Inc. has a 52 week low of $11.35 and a 52 week high of $28.68.

Institutional Investors Weigh In On Warby Parker

Institutional investors have recently bought and sold shares of the business. Handelsbanken Fonder AB raised its holdings in shares of Warby Parker by 33.9% in the fourth quarter. Handelsbanken Fonder AB now owns 33,573 shares of the company’s stock valued at $813,000 after buying an additional 8,500 shares during the last quarter. Alberta Investment Management Corp grew its position in shares of Warby Parker by 71.3% during the 4th quarter. Alberta Investment Management Corp now owns 166,918 shares of the company’s stock worth $4,041,000 after buying an additional 69,501 shares during the period. Global Retirement Partners LLC acquired a new position in shares of Warby Parker during the 4th quarter worth about $25,000. Rhumbline Advisers grew its position in shares of Warby Parker by 2.2% during the 4th quarter. Rhumbline Advisers now owns 123,915 shares of the company’s stock worth $3,000,000 after buying an additional 2,634 shares during the period. Finally, Legato Capital Management LLC acquired a new position in shares of Warby Parker in the 4th quarter valued at approximately $1,316,000. Institutional investors and hedge funds own 93.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on WRBY shares. Telsey Advisory Group raised their price target on shares of Warby Parker from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Morgan Stanley lifted their price objective on shares of Warby Parker from $17.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. The Goldman Sachs Group lifted their target price on shares of Warby Parker from $20.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Evercore ISI reaffirmed an “in-line” rating and issued a $23.00 target price on shares of Warby Parker in a report on Friday, January 17th. Finally, BTIG Research boosted their price objective on shares of Warby Parker from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Five investment 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, Warby Parker presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.67.

About 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.