Warby Parker Inc (NYSE:WRBY) Major Shareholder Acquires $10,109,898.96 in Stock

Warby Parker Inc (NYSE:WRBY) major shareholder Durable Capital Partners Lp acquired 295,352 shares of the business’s stock in a transaction on Friday, January 14th. The stock was bought at an average cost of $34.23 per share, for a total transaction of $10,109,898.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Durable Capital Partners Lp also recently made the following trade(s):

  • On Wednesday, January 12th, Durable Capital Partners Lp bought 140,975 shares of Warby Parker stock. The shares were acquired at an average price of $37.94 per share, with a total value of $5,348,591.50.
  • On Monday, January 10th, Durable Capital Partners Lp bought 261,366 shares of Warby Parker stock. The stock was purchased at an average price of $36.86 per share, with a total value of $9,633,950.76.
  • On Thursday, January 6th, Durable Capital Partners Lp purchased 58,389 shares of Warby Parker stock. The shares were purchased at an average cost of $41.25 per share, for a total transaction of $2,408,546.25.
  • On Tuesday, January 4th, Durable Capital Partners Lp bought 210,935 shares of Warby Parker stock. The stock was bought at an average cost of $43.94 per share, for a total transaction of $9,268,483.90.
  • On Monday, December 20th, Durable Capital Partners Lp purchased 75,677 shares of Warby Parker stock. The stock was acquired at an average cost of $43.75 per share, with a total value of $3,310,868.75.
  • On Monday, December 13th, Durable Capital Partners Lp bought 120,000 shares of Warby Parker stock. The shares were purchased at an average cost of $45.83 per share, with a total value of $5,499,600.00.
  • On Friday, December 10th, Durable Capital Partners Lp purchased 130,000 shares of Warby Parker stock. The stock was bought at an average price of $46.65 per share, with a total value of $6,064,500.00.
  • On Wednesday, December 8th, Durable Capital Partners Lp acquired 9,215 shares of Warby Parker stock. The stock was acquired at an average cost of $47.00 per share, with a total value of $433,105.00.
  • On Monday, December 6th, Durable Capital Partners Lp bought 266,967 shares of Warby Parker stock. The stock was acquired at an average cost of $45.68 per share, with a total value of $12,195,052.56.
  • On Thursday, December 2nd, Durable Capital Partners Lp bought 37,625 shares of Warby Parker stock. The stock was acquired at an average cost of $50.15 per share, with a total value of $1,886,893.75.

Shares of WRBY stock traded down $1.21 during mid-day trading on Friday, reaching $34.27. The company’s stock had a trading volume of 1,867,263 shares, compared to its average volume of 1,545,741. Warby Parker Inc has a 1-year low of $32.95 and a 1-year high of $60.30. The firm’s 50-day moving average is $48.14.

Warby Parker (NYSE:WRBY) last announced its quarterly earnings data on Friday, November 12th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.63) by $0.66. The business had revenue of $137.40 million during the quarter, compared to analyst estimates of $133.09 million. The business’s revenue for the quarter was up 32.0% on a year-over-year basis. On average, research analysts forecast that Warby Parker Inc will post -0.84 EPS for the current year.

WRBY has been the subject of several recent analyst reports. Citigroup initiated coverage on shares of Warby Parker in a report on Tuesday, October 26th. They set a “buy” rating and a $67.00 price objective for the company. Telsey Advisory Group upped their price objective on shares of Warby Parker from $66.00 to $69.00 and gave the stock an “outperform” rating in a report on Monday, November 15th. Cowen assumed coverage on shares of Warby Parker in a report on Monday, October 25th. They set an “outperform” rating and a $66.00 price objective for the company. Morgan Stanley assumed coverage on shares of Warby Parker in a report on Monday, October 25th. They issued an “equal weight” rating and a $58.00 price target for the company. Finally, The Goldman Sachs Group assumed coverage on shares of Warby Parker in a report on Monday, October 25th. They issued a “buy” rating and a $73.00 price target for the company. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $62.00.

Several institutional investors have recently made changes to their positions in the stock. General Catalyst Group Management LLC acquired a new stake in shares of Warby Parker during the 3rd quarter worth about $511,303,000. Baillie Gifford & Co. acquired a new stake in Warby Parker in the 3rd quarter valued at about $264,771,000. Capital Research Global Investors acquired a new stake in Warby Parker in the 3rd quarter valued at about $93,765,000. Suvretta Capital Management LLC acquired a new stake in Warby Parker in the 3rd quarter valued at about $53,050,000. Finally, Rock Springs Capital Management LP acquired a new stake in Warby Parker in the 3rd quarter valued at about $34,483,000.

Warby Parker Company Profile

Warby Parker Inc is a direct-to-consumer eyewear brand. Warby Parker Inc is based in NEW YORK.

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