Neil Harris Blumenthal Sells 300,000 Shares of Warby Parker Inc. (NYSE:WRBY) Stock

Warby Parker Inc. (NYSE:WRBY) CEO Neil Harris Blumenthal sold 300,000 shares of Warby Parker stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $25.14, for a total transaction of $7,542,000.00. Following the completion of the transaction, the chief executive officer now owns 12,177 shares in the company, valued at approximately $306,129.78. This trade represents a 96.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 shares were 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 stock was sold at an average price of $22.61, for a total value of $817,645.43.

Warby Parker Price Performance

Shares of Warby Parker stock opened at $26.57 on Wednesday. The business has a 50 day moving average price of $22.83 and a 200 day moving average price of $18.02. The company has a market capitalization of $2.70 billion, a P/E ratio of -98.41 and a beta of 1.88. Warby Parker Inc. has a 1 year low of $11.35 and a 1 year high of $27.10.

Analyst Ratings Changes

A number of analysts recently weighed in on WRBY shares. Telsey Advisory Group lifted their price target on Warby Parker from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. JMP Securities upped their price target on shares of Warby Parker from $23.00 to $28.00 and gave the stock a “market outperform” rating in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft upgraded shares of Warby Parker from a “neutral” rating to a “buy” rating and increased their price target for the company from $15.00 to $18.00 in a report on Monday, October 21st. 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. Finally, Robert W. Baird increased their target price on shares of Warby Parker from $18.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.73.

Institutional Trading of Warby Parker

Several institutional investors and hedge funds have recently made changes to their positions in the stock. First Eagle Investment Management LLC purchased a new stake in Warby Parker during the 2nd quarter worth about $131,000. Choreo LLC acquired a new position in shares of Warby Parker in the second quarter valued at approximately $167,000. AQR Capital Management LLC purchased a new position in shares of Warby Parker during the second quarter valued at approximately $186,000. Thrivent Financial for Lutherans purchased a new position in shares of Warby Parker during the third quarter valued at approximately $213,000. Finally, LVW Advisors LLC grew its stake in Warby Parker by 27.9% in the 3rd quarter. LVW Advisors LLC now owns 16,027 shares of the company’s stock worth $262,000 after acquiring an additional 3,500 shares during the period. 93.24% of the stock is currently owned by hedge funds and other institutional investors.

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.