Warby Parker Inc. (NYSE:WRBY - Get Free Report) CEO Neil Harris Blumenthal sold 56,054 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $25.09, for a total transaction of $1,406,394.86. Following the transaction, the chief executive officer now owns 12,177 shares in the company, valued at approximately $305,520.93. This trade represents a 82.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Neil Harris Blumenthal also recently made the following trade(s):
- 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
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Warby Parker stock opened at $25.18 on Friday. Warby Parker Inc. has a 1 year low of $11.35 and a 1 year high of $25.35. The firm's 50 day moving average price is $20.61 and its 200-day moving average price is $17.20. The stock has a market cap of $2.56 billion, a P/E ratio of -93.26 and a beta of 1.93.
Analyst Ratings Changes
WRBY has been the subject of several research reports. William Blair raised shares of Warby Parker from a "market perform" rating to an "outperform" rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Warby Parker from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $15.00 to $18.00 in a research note on Monday, October 21st. Robert W. Baird upped their price objective on Warby Parker from $18.00 to $23.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Telsey Advisory Group lifted their target price on Warby Parker from $22.00 to $26.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. Finally, Piper Sandler upped their price target on Warby Parker from $18.00 to $22.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $20.73.
View Our Latest Report on WRBY
Institutional Trading of Warby Parker
Several hedge funds have recently bought and sold shares of the stock. Marshall Wace LLP increased its holdings in Warby Parker by 1,013.4% during the 2nd quarter. Marshall Wace LLP now owns 1,422,940 shares of the company's stock worth $22,852,000 after purchasing an additional 1,295,136 shares during the period. Renaissance Technologies LLC lifted its stake in Warby Parker by 44.3% in the second quarter. Renaissance Technologies LLC now owns 1,568,600 shares of the company's stock worth $25,192,000 after acquiring an additional 481,900 shares during the period. Verition Fund Management LLC purchased a new position in Warby Parker during the 3rd quarter valued at about $7,462,000. Dimensional Fund Advisors LP lifted its position in shares of Warby Parker by 29.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,369,424 shares of the company's stock worth $21,994,000 after purchasing an additional 308,472 shares during the period. Finally, Loomis Sayles & Co. L P increased its holdings in Warby Parker by 20.3% during the third quarter. Loomis Sayles & Co. L P now owns 1,782,629 shares of the company's stock valued at $29,111,000 after buying an additional 300,891 shares during the period. Hedge funds and other institutional investors own 93.24% of the company's stock.
About Warby Parker
(
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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