Warby Parker Inc. (NYSE:WRBY) CFO Sells $167,331.60 in Stock

Warby Parker Inc. (NYSE:WRBY) CFO Steven Clive Miller sold 7,016 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $23.85, for a total transaction of $167,331.60. Following the completion of the transaction, the chief financial officer now owns 182,130 shares in the company, valued at approximately $4,343,800.50. This represents a 3.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Steven Clive Miller also recently made the following trade(s):

• On Tuesday, December 3rd, Steven Clive Miller sold 14,853 shares of Warby Parker stock. The stock was sold at an average price of $22.61, for a total transaction of $335,826.33.

Warby Parker Trading Down 0.8 %

WRBY opened at $23.63 on Monday. The firm’s 50 day simple moving average is $19.96 and its two-hundred day simple moving average is $17.01. The company has a market capitalization of $2.40 billion, a PE ratio of -87.52 and a beta of 1.93. Warby Parker Inc. has a 1-year low of $11.35 and a 1-year high of $24.71.

Wall Street Analysts Forecast Growth

A number of analysts have commented on WRBY shares. Stifel Nicolaus lifted 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. BTIG Research lifted their price objective on Warby Parker from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Telsey Advisory Group upped their target price on shares of Warby Parker from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Robert W. Baird lifted their price target on shares of Warby Parker from $18.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, JMP Securities upgraded shares of Warby Parker from a “market perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research report on Friday, August 23rd. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $20.00.

Hedge Funds Weigh In On Warby Parker

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC grew its holdings in Warby Parker by 610.3% during the second quarter. SG Americas Securities LLC now owns 91,598 shares of the company’s stock valued at $1,471,000 after purchasing an additional 78,702 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in Warby Parker by 113.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,477,410 shares of the company’s stock worth $39,787,000 after acquiring an additional 1,315,672 shares during the period. Zweig DiMenna Associates LLC bought a new stake in Warby Parker during the 2nd quarter worth approximately $5,183,000. Bank of New York Mellon Corp lifted its holdings in Warby Parker by 14.8% during the second quarter. Bank of New York Mellon Corp now owns 807,272 shares of the company’s stock valued at $12,965,000 after purchasing an additional 104,360 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its position in shares of Warby Parker by 8.6% in the second quarter. Panagora Asset Management Inc. now owns 214,560 shares of the company’s stock worth $3,446,000 after purchasing an additional 16,939 shares during the period. 93.24% of the stock is owned by institutional investors.

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.