Neil Harris Blumenthal Sells 50,000 Shares of Warby Parker Inc. (NYSE:WRBY) Stock

Warby Parker Inc. (NYSE:WRBY) CEO Neil Harris Blumenthal sold 50,000 shares of Warby Parker stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $27.61, for a total transaction of $1,380,500.00. Following the sale, the chief executive officer now directly owns 12,177 shares of the company’s stock, valued at $336,206.97. The trade was a 80.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Thursday, January 2nd, Neil Harris Blumenthal sold 300,000 shares of Warby Parker stock. The stock was sold at an average price of $25.14, for a total transaction of $7,542,000.00.
• 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 stock was 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 transaction of $817,645.43.

Warby Parker Price Performance

WRBY stock opened at $26.88 on Wednesday. The company has a 50 day simple moving average of $24.99 and a 200 day simple moving average of $19.45. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of -99.56 and a beta of 1.90. Warby Parker Inc. has a 1 year low of $11.35 and a 1 year high of $28.68.

Hedge Funds Weigh In On Warby Parker

A number of institutional investors have recently added to or reduced their stakes in WRBY. Verition Fund Management LLC acquired a new position in Warby Parker during the 3rd quarter worth approximately $7,462,000. Loomis Sayles & Co. L P increased its position in Warby Parker by 20.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,782,629 shares of the company’s stock worth $29,111,000 after purchasing an additional 300,891 shares in the last quarter. Bank of New York Mellon Corp increased its position in Warby Parker by 19.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,632,341 shares of the company’s stock worth $39,519,000 after purchasing an additional 268,025 shares in the last quarter. Jennison Associates LLC grew its holdings in Warby Parker by 13.6% during the 3rd quarter. Jennison Associates LLC now owns 1,939,116 shares of the company’s stock worth $31,666,000 after acquiring an additional 232,530 shares during the last quarter. Finally, TimesSquare Capital Management LLC grew its holdings in Warby Parker by 12.8% during the 3rd quarter. TimesSquare Capital Management LLC now owns 1,856,370 shares of the company’s stock worth $30,315,000 after acquiring an additional 211,050 shares during the last quarter. 93.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Warby Parker from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. BTIG Research lifted their price objective on shares of Warby Parker from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Evercore ISI reiterated an “in-line” rating and issued a $23.00 price objective on shares of Warby Parker in a research note on Friday, January 17th. Robert W. Baird lifted their price objective 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, Morgan Stanley lifted their price objective on shares of Warby Parker from $17.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Five 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, Warby Parker has a consensus rating of “Moderate Buy” and a consensus target price of $21.67.

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.