Steven Clive Miller Sells 11,684 Shares of Warby Parker Inc. (NYSE:WRBY) Stock

Warby Parker Inc. (NYSE:WRBY) CFO Steven Clive Miller sold 11,684 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total value of $274,807.68. Following the completion of the sale, the chief financial officer now directly owns 204,727 shares of the company’s stock, valued at approximately $4,815,179.04. This trade represents a 5.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, December 11th, Steven Clive Miller sold 7,016 shares of Warby Parker stock. The shares were sold at an average price of $23.85, for a total value of $167,331.60.

Warby Parker Price Performance

NYSE:WRBY opened at $23.56 on Thursday. Warby Parker Inc. has a 1 year low of $11.35 and a 1 year high of $28.68. The company has a market cap of $2.40 billion, a P/E ratio of -87.26 and a beta of 1.90. The stock’s fifty day moving average price is $25.54 and its two-hundred day moving average price is $20.87.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WRBY shares. Evercore ISI reaffirmed an “in-line” rating and issued a $23.00 target price on shares of Warby Parker in a report on Friday, January 17th. Citigroup reaffirmed a “sell” rating and issued a $23.00 target price (up from $19.00) on shares of Warby Parker in a report on Wednesday, February 5th. Stifel Nicolaus upped their target price on Warby Parker from $17.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. JMP Securities upped their target price on Warby Parker from $23.00 to $28.00 and gave the company a “market outperform” rating in a report on Monday, December 16th. Finally, Piper Sandler increased their price objective on Warby Parker from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.43.

Institutional Investors Weigh In On Warby Parker

A number of institutional investors and hedge funds have recently made changes to their positions in WRBY. Durable Capital Partners LP raised its position in Warby Parker by 10.3% during the fourth quarter. Durable Capital Partners LP now owns 9,017,825 shares of the company’s stock valued at $218,322,000 after purchasing an additional 840,797 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Warby Parker by 3.5% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,645,540 shares of the company’s stock valued at $64,047,000 after acquiring an additional 89,835 shares in the last quarter. State Street Corp boosted its position in Warby Parker by 3.2% during 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. American Century Companies Inc. boosted its position in Warby Parker by 64.7% during the 4th quarter. American Century Companies Inc. now owns 2,144,422 shares of the company’s stock valued at $51,916,000 after acquiring an additional 842,558 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Warby Parker by 18.5% during the 4th quarter. Renaissance Technologies LLC now owns 2,002,400 shares of the company’s stock valued at $48,478,000 after acquiring an additional 313,100 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.