Warby Parker Inc. (NYSE:WRBY) CFO Sells $335,826.33 in Stock

Warby Parker Inc. (NYSE:WRBY) CFO Steven Clive Miller sold 14,853 shares of Warby Parker stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $22.61, for a total value of $335,826.33. Following the sale, the chief financial officer now directly owns 189,146 shares in the company, valued at $4,276,591.06. The trade was a 7.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, September 11th, Steven Clive Miller sold 6,763 shares of Warby Parker stock. The shares were sold at an average price of $13.90, for a total value of $94,005.70.
• On Friday, September 6th, Steven Clive Miller sold 15,272 shares of Warby Parker stock. The shares were sold at an average price of $13.00, for a total transaction of $198,536.00.

Warby Parker Trading Down 1.8 %

Shares of Warby Parker stock traded down $0.43 on Thursday, reaching $23.26. 1,024,452 shares of the company were exchanged, compared to its average volume of 1,435,068. Warby Parker Inc. has a fifty-two week low of $10.28 and a fifty-two week high of $24.60. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of -87.74 and a beta of 1.93. The stock has a fifty day moving average price of $18.87 and a 200-day moving average price of $16.68.

Institutional Trading of Warby Parker

A number of hedge funds have recently bought and sold shares of the company. First Eagle Investment Management LLC purchased a new stake in shares of Warby Parker in the second quarter valued at $131,000. Choreo LLC acquired a new position in Warby Parker during the second quarter valued at $167,000. AQR Capital Management LLC purchased a new stake in Warby Parker in the 2nd quarter worth about $186,000. LVW Advisors LLC acquired a new stake in Warby Parker during the 2nd quarter worth about $201,000. Finally, Thrivent Financial for Lutherans acquired a new stake in Warby Parker during the 3rd quarter worth about $213,000. 93.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WRBY has been the topic of several research analyst reports. BTIG Research raised their target price on shares of Warby Parker from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Robert W. Baird raised their price objective on shares of Warby Parker from $18.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. William Blair upgraded Warby Parker from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft upgraded Warby Parker from a “neutral” rating to a “buy” rating and lifted their price target for the company from $15.00 to $18.00 in a research report on Monday, October 21st. Finally, JMP Securities upgraded Warby Parker from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a report on Friday, August 23rd. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Warby Parker currently has an average rating of “Moderate Buy” and a consensus price target of $18.82.

About Warby Parker

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.