Warby Parker Inc. (NYSE:WRBY) CFO Sells $167,331.60 in Stock

Warby Parker Inc. (NYSE:WRBY) CFO Steven Clive Miller sold 7,016 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $23.85, for a total value of $167,331.60. Following the transaction, the chief financial officer now directly owns 182,130 shares in the company, valued at approximately $4,343,800.50. This represents a 3.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Steven Clive Miller also recently made the following trade(s):

• On Tuesday, December 3rd, Steven Clive Miller sold 14,853 shares of Warby Parker stock. The stock was sold at an average price of $22.61, for a total transaction of $335,826.33.

Warby Parker Trading Down 0.8 %

Shares of Warby Parker stock traded down $0.18 during trading on Friday, hitting $23.63. 1,801,752 shares of the stock traded hands, compared to its average volume of 1,434,918. The stock’s fifty day simple moving average is $19.81 and its 200 day simple moving average is $16.96. The firm has a market cap of $2.40 billion, a P/E ratio of -89.04 and a beta of 1.93. Warby Parker Inc. has a 52-week low of $11.35 and a 52-week high of $24.71.

Analyst Ratings Changes

WRBY has been the subject of several analyst reports. BTIG Research raised their target price on shares of Warby Parker from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Telsey Advisory Group boosted their target price on Warby Parker from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. JMP Securities upgraded Warby Parker from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a report on Friday, August 23rd. Robert W. Baird boosted their price objective on Warby Parker from $18.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, The Goldman Sachs Group upped their price objective on Warby Parker from $20.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. boosted its position in Warby Parker by 3.2% during 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. State Street Corp boosted its position in Warby Parker by 3.2% during the third quarter. State Street Corp now owns 2,209,025 shares of the company’s stock valued at $36,073,000 after purchasing an additional 69,108 shares in the last quarter. Geode Capital Management LLC grew its stake in Warby Parker by 7.9% in the third quarter. Geode Capital Management LLC now owns 1,970,620 shares of the company’s stock valued at $32,187,000 after purchasing an additional 144,623 shares during the last quarter. Jennison Associates LLC raised its holdings in Warby Parker by 13.6% in the third quarter. Jennison Associates LLC now owns 1,939,116 shares of the company’s stock worth $31,666,000 after purchasing an additional 232,530 shares in the last quarter. Finally, TimesSquare Capital Management LLC raised its holdings in Warby Parker by 12.8% in the third quarter. TimesSquare Capital Management LLC now owns 1,856,370 shares of the company’s stock worth $30,315,000 after purchasing an additional 211,050 shares in the last quarter. Hedge funds and other 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.