35,997 Shares in Warby Parker Inc. $WRBY Acquired by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd acquired a new stake in Warby Parker, purchasing 35,997 shares valued at approximately $656,000, highlighting institutional investment interest in the company.
• Several institutional investors, including Durable Capital Partners LLC and American Century Companies Inc., have increased their stakes, with institutional ownership now at 93.24% of the company's stock.
• Analysts have mixed ratings on Warby Parker shares, with eleven giving a "Buy" rating and a consensus price target of $24.06, while some have shifted to a "Hold" rating recently.

Dynamic Technology Lab Private Ltd purchased a new stake in Warby Parker Inc. (NYSE:WRBY - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 35,997 shares of the company's stock, valued at approximately $656,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new stake in Warby Parker in the 1st quarter valued at $27,000. Comerica Bank increased its stake in Warby Parker by 153.1% in the 4th quarter. Comerica Bank now owns 2,291 shares of the company's stock valued at $55,000 after buying an additional 1,386 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Warby Parker in the 1st quarter valued at $58,000. CWM LLC increased its stake in Warby Parker by 231.9% in the 1st quarter. CWM LLC now owns 5,855 shares of the company's stock valued at $107,000 after buying an additional 4,091 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Warby Parker by 4,937.0% in the 1st quarter. GAMMA Investing LLC now owns 6,800 shares of the company's stock valued at $124,000 after buying an additional 6,665 shares during the last quarter. 93.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WRBY. Cowen reissued a "buy" rating on shares of Warby Parker in a research report on Friday, August 8th. Loop Capital reissued a "buy" rating on shares of Warby Parker in a research report on Wednesday, May 21st. Zacks Research raised shares of Warby Parker from a "strong sell" rating to a "hold" rating in a research report on Thursday, September 4th. Evercore ISI reissued a "positive" rating on shares of Warby Parker in a research report on Thursday, August 7th. Finally, Piper Sandler reissued an "overweight" rating and issued a $25.00 price objective (up previously from $20.00) on shares of Warby Parker in a research report on Thursday, May 29th. Eleven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $24.06.

Insider Activity

In other news, Director Teresa Briggs sold 6,000 shares of the business's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $23.56, for a total value of $141,360.00. Following the completion of the transaction, the director directly owned 44,879 shares in the company, valued at approximately $1,057,349.24. The trade was a 11.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joel E. Cutler sold 35,000 shares of the company's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $26.75, for a total transaction of $936,250.00. Following the transaction, the director owned 19,932 shares of the company's stock, valued at approximately $533,181. This represents a 63.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 141,000 shares of company stock worth $3,543,530. 18.24% of the stock is currently owned by corporate insiders.

Warby Parker Stock Up 1.2%

Shares of NYSE:WRBY traded up $0.33 during midday trading on Monday, hitting $27.08. The stock had a trading volume of 201,836 shares, compared to its average volume of 2,151,759. The company's 50-day moving average price is $24.90 and its 200-day moving average price is $21.10. The company has a market capitalization of $2.85 billion, a P/E ratio of -386.13 and a beta of 2.10. Warby Parker Inc. has a fifty-two week low of $13.63 and a fifty-two week high of $29.73.

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.