Atika Capital Management LLC Invests $2.50 Million in Warby Parker Inc. (NYSE:WRBY)

Atika Capital Management LLC bought a new stake in Warby Parker Inc. (NYSE:WRBY) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 103,338 shares of the company’s stock, valued at approximately $2,502,000. Atika Capital Management LLC owned about 0.10% of Warby Parker as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in shares of Warby Parker in the fourth quarter valued at approximately $25,000. Jones Financial Companies Lllp lifted its position in Warby Parker by 205.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company’s stock worth $37,000 after buying an additional 1,028 shares in the last quarter. KBC Group NV boosted its stake in shares of Warby Parker by 39.3% during the 4th quarter. KBC Group NV now owns 4,743 shares of the company’s stock worth $115,000 after buying an additional 1,339 shares during the last quarter. Cibc World Markets Corp bought a new position in shares of Warby Parker in the 4th quarter valued at about $201,000. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of Warby Parker in the third quarter valued at about $213,000. Institutional investors own 93.24% of the company’s stock.

Warby Parker Stock Performance

NYSE:WRBY opened at $15.79 on Friday. Warby Parker Inc. has a fifty-two week low of $11.66 and a fifty-two week high of $28.68. The company has a market cap of $1.64 billion, a price-to-earnings ratio of -58.49 and a beta of 2.00. The stock has a fifty day moving average price of $22.80 and a 200-day moving average price of $21.64.

Insider Buying and Selling

In other Warby Parker news, CEO Neil Harris Blumenthal sold 27,967 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total transaction of $657,783.84. Following the sale, the chief executive officer now directly owns 23,961 shares of the company’s stock, valued at $563,562.72. The trade was a 53.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Steven Clive Miller sold 11,684 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total transaction of $274,807.68. Following the completion of the transaction, the chief financial officer now owns 204,727 shares of the company’s stock, valued at approximately $4,815,179.04. This trade represents a 5.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,651 shares of company stock worth $2,313,092. Corporate insiders own 26.55% of the company’s stock.

Analyst Upgrades and Downgrades

WRBY has been the subject of a number of analyst reports. JMP Securities raised their price target on Warby Parker from $23.00 to $28.00 and gave the company a “market outperform” rating in a research note on Monday, December 16th. Morgan Stanley boosted their target price on shares of Warby Parker from $17.00 to $23.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. The Goldman Sachs Group increased their price target on shares of Warby Parker from $20.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Robert W. Baird boosted their price objective on shares of Warby Parker from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, February 28th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $28.00 target price on shares of Warby Parker in a research note on Thursday, February 27th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.43.

Warby Parker 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.