Insider Selling: Warby Parker Inc. (NYSE:WRBY) CEO Sells 49,600 Shares of Stock

Warby Parker Inc. (NYSE:WRBY - Get Free Report) CEO Neil Harris Blumenthal sold 49,600 shares of the stock in a transaction on Monday, July 21st. The stock was sold at an average price of $24.21, for a total transaction of $1,200,816.00. Following the sale, the chief executive officer directly owned 28,347 shares of the company's stock, valued at $686,280.87. This represents a 63.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, July 18th, Neil Harris Blumenthal sold 400 shares of Warby Parker stock. The shares were sold at an average price of $24.01, for a total value of $9,604.00.

Warby Parker Price Performance

WRBY traded down $0.15 during trading on Friday, hitting $24.20. The stock had a trading volume of 506,396 shares, compared to its average volume of 2,277,111. The company has a 50 day moving average price of $21.60 and a 200-day moving average price of $21.22. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of -201.75 and a beta of 2.09. Warby Parker Inc. has a one year low of $12.46 and a one year high of $28.68.

Analyst Ratings Changes

WRBY has been the topic of a number of recent research reports. Roth Capital reissued a "neutral" rating and issued a $21.00 target price (up previously from $18.00) on shares of Warby Parker in a research report on Thursday, May 22nd. Piper Sandler reissued an "overweight" rating and issued a $25.00 target price (up previously from $20.00) on shares of Warby Parker in a research report on Thursday, May 29th. Citigroup reaffirmed a "neutral" rating and set a $22.00 price target (up previously from $17.00) on shares of Warby Parker in a research report on Wednesday, May 21st. Citizens Jmp lowered Warby Parker from an "outperform" rating to a "market perform" rating in a research report on Thursday, July 10th. Finally, Stifel Nicolaus boosted their price target on Warby Parker from $18.00 to $21.00 and gave the stock a "hold" rating in a research report on Wednesday, May 21st. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $22.88.

Institutional Trading of Warby Parker

Several institutional investors have recently added to or reduced their stakes in WRBY. New York State Teachers Retirement System acquired a new position in Warby Parker in the 1st quarter valued at $27,000. NewEdge Advisors LLC raised its holdings in Warby Parker by 700.0% in the 4th quarter. NewEdge Advisors LLC now owns 1,200 shares of the company's stock valued at $29,000 after acquiring an additional 1,050 shares in the last quarter. Comerica Bank raised its holdings 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 acquiring an additional 1,386 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Warby Parker in the 1st quarter valued at $58,000. Finally, Anderson Financial Strategies LLC acquired a new position in Warby Parker in the 4th quarter valued at $69,000. 93.24% of the stock is currently owned by 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.