Neil Harris Blumenthal Sells 27,967 Shares of Warby Parker Inc. (NYSE:WRBY) Stock

Warby Parker Inc. (NYSE:WRBY) CEO Neil Harris Blumenthal sold 27,967 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total value 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. This represents a 53.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Thursday, January 30th, Neil Harris Blumenthal sold 50,000 shares of Warby Parker stock. The stock was sold at an average price of $27.61, for a total value of $1,380,500.00.
• 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 value 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 value 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 value 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 value of $1,182,500.00.

Warby Parker Stock Performance

Shares of WRBY opened at $21.61 on Friday. The stock has a 50 day simple moving average of $25.50 and a 200 day simple moving average of $20.89. Warby Parker Inc. has a 52-week low of $11.35 and a 52-week high of $28.68. The firm has a market capitalization of $2.24 billion, a PE ratio of -80.02 and a beta of 1.91.

Analyst Ratings Changes

Several brokerages have weighed in on WRBY. Evercore ISI reissued an “in-line” rating and set a $23.00 price objective on shares of Warby Parker in a report on Friday, January 17th. Piper Sandler boosted their target price on Warby Parker from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. William Blair upgraded Warby Parker from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 7th. Roth Mkm assumed coverage on Warby Parker in a research report on Tuesday, February 25th. They set a “neutral” rating and a $26.00 target price for the company. Finally, Telsey Advisory Group restated an “outperform” rating and set a $28.00 target price on shares of Warby Parker in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.43.

Institutional Investors Weigh In On Warby Parker

Institutional investors have recently bought and sold shares of the company. State Street Corp lifted its stake in Warby Parker by 3.2% in the 3rd quarter. State Street Corp now owns 2,209,025 shares of the company’s stock valued at $36,073,000 after acquiring an additional 69,108 shares in the last quarter. Blueshift Asset Management LLC bought a new stake in Warby Parker in the 3rd quarter valued at approximately $1,223,000. TimesSquare Capital Management LLC lifted its stake in Warby Parker by 12.8% in the 3rd quarter. TimesSquare Capital Management LLC now owns 1,856,370 shares of the company’s stock valued at $30,315,000 after acquiring an additional 211,050 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in Warby Parker by 3.2% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,555,705 shares of the company’s stock valued at $41,735,000 after acquiring an additional 78,295 shares in the last quarter. Finally, Loomis Sayles & Co. L P lifted its stake in 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. Institutional investors own 93.24% of the company’s stock.

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.