Neil Harris Blumenthal Sells 56,054 Shares of Warby Parker Inc. (NYSE:WRBY) Stock

Warby Parker Inc. (NYSE:WRBY) CEO Neil Harris Blumenthal sold 56,054 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $25.09, for a total value of $1,406,394.86. Following the transaction, the chief executive officer now owns 12,177 shares of the company’s stock, valued at approximately $305,520.93. This represents a 82.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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 Stock Performance

Shares of NYSE:WRBY opened at $25.18 on Friday. The company has a market capitalization of $2.56 billion, a PE ratio of -93.26 and a beta of 1.93. The stock has a fifty day moving average of $20.80 and a 200-day moving average of $17.25. Warby Parker Inc. has a one year low of $11.35 and a one year high of $25.35.

Institutional Investors Weigh In On Warby Parker

Several hedge funds have recently modified their holdings of WRBY. Marshall Wace LLP increased its stake in Warby Parker by 1,013.4% in 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 in the last quarter. Renaissance Technologies LLC increased its position in shares of 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 in the last quarter. Verition Fund Management LLC acquired a new stake in shares of Warby Parker during the third quarter valued at approximately $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 valued at $21,994,000 after acquiring an additional 308,472 shares in the last quarter. Finally, Loomis Sayles & Co. L P lifted its position in shares of Warby Parker by 20.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,782,629 shares of the company’s stock valued at $29,111,000 after acquiring an additional 300,891 shares in the last quarter. 93.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on WRBY shares. Deutsche Bank Aktiengesellschaft upgraded shares of Warby Parker from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $15.00 to $18.00 in a research note on Monday, October 21st. Robert W. Baird boosted their price target on shares of Warby Parker from $18.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Telsey Advisory Group increased their price objective on shares of Warby Parker from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Stifel Nicolaus boosted their target price on Warby Parker from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Finally, The Goldman Sachs Group upped their target price on Warby Parker from $20.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Warby Parker presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.73.

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.