Warby Parker Inc. (NYSE:WRBY - Get Free Report) CEO Neil Harris Blumenthal sold 2,345 shares of the stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $24.08, for a total value of $56,467.60. Following the transaction, the chief executive officer owned 50,165 shares of the company's stock, valued at approximately $1,207,973.20. This trade represents a 4.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Neil Harris Blumenthal also recently made the following trade(s):
- On Monday, April 20th, Neil Harris Blumenthal sold 22,442 shares of Warby Parker stock. The stock was sold at an average price of $25.09, for a total value of $563,069.78.
- On Friday, April 17th, Neil Harris Blumenthal sold 75,213 shares of Warby Parker stock. The stock was sold at an average price of $24.56, for a total value of $1,847,231.28.
Warby Parker Stock Up 3.9%
NYSE:WRBY opened at $25.83 on Tuesday. Warby Parker Inc. has a twelve month low of $13.63 and a twelve month high of $31.00. The business has a 50 day moving average price of $23.15 and a two-hundred day moving average price of $23.10. The company has a market cap of $2.76 billion, a P/E ratio of 1,292.10 and a beta of 2.07.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of WRBY. AQR Capital Management LLC grew its position in shares of Warby Parker by 101.0% in the 1st quarter. AQR Capital Management LLC now owns 171,271 shares of the company's stock valued at $3,122,000 after acquiring an additional 86,053 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Warby Parker by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,690 shares of the company's stock valued at $961,000 after acquiring an additional 2,297 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Warby Parker by 96.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,888,817 shares of the company's stock valued at $34,433,000 after acquiring an additional 929,073 shares during the period. Caxton Associates LLP bought a new position in shares of Warby Parker in the 1st quarter valued at about $252,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Warby Parker by 17.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 257,020 shares of the company's stock valued at $4,685,000 after acquiring an additional 38,395 shares during the period. Institutional investors own 93.24% of the company's stock.
Analyst Ratings Changes
A number of research firms have weighed in on WRBY. Telsey Advisory Group reaffirmed an "outperform" rating and set a $32.00 price target on shares of Warby Parker in a research report on Friday, February 20th. Citigroup boosted their price target on shares of Warby Parker from $18.00 to $24.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 17th. Weiss Ratings cut shares of Warby Parker from a "hold (c-)" rating to a "sell (d)" rating in a research report on Monday, March 2nd. Finally, UBS Group reissued a "neutral" rating and set a $20.00 price target on shares of Warby Parker in a research report on Wednesday, February 25th. Ten analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $28.09.
Get Our Latest Stock Report on WRBY
About Warby Parker
(
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Warby Parker, Inc (NYSE: WRBY) is a U.S.-based eyewear company that designs, manufactures and sells prescription glasses, sunglasses and contact lenses through a direct-to-consumer model. Since its founding, the company has combined online and brick-and-mortar channels to streamline the customer experience, offering features such as virtual try-on technology and a home try-on program that allows consumers to sample frames before purchase.
Established in 2010 by Wharton graduates Neil Blumenthal, Dave Gilboa, Andrew Hunt and Jeffrey Raider, Warby Parker set out to disrupt the traditional optical market by controlling the entire supply chain—from frame design and lens production to warehousing and distribution.
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