36,964 Shares in Warby Parker Inc. (NYSE:WRBY) Bought by Dakota Wealth Management

Dakota Wealth Management purchased a new stake in Warby Parker Inc. (NYSE:WRBY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 36,964 shares of the company’s stock, valued at approximately $895,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. State Street Corp lifted its stake in shares of Warby Parker by 3.2% in the third quarter. State Street Corp now owns 2,209,025 shares of the company’s stock valued at $36,073,000 after buying an additional 69,108 shares during the period. Blueshift Asset Management LLC acquired a new stake in shares of Warby Parker during the 3rd quarter worth approximately $1,223,000. Maverick Capital Ltd. bought a new stake in shares of Warby Parker during the second quarter valued at approximately $1,465,000. Driehaus Capital Management LLC raised its stake in shares of Warby Parker by 43.9% in the second quarter. Driehaus Capital Management LLC now owns 806,501 shares of the company’s stock valued at $12,952,000 after purchasing an additional 246,011 shares in the last quarter. Finally, TimesSquare Capital Management LLC lifted its position 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 during the period. 93.24% of the stock is currently owned by institutional investors and hedge funds.

Warby Parker Price Performance

Shares of Warby Parker stock opened at $25.98 on Friday. The firm has a 50 day simple moving average of $24.46 and a 200 day simple moving average of $18.87. Warby Parker Inc. has a fifty-two week low of $11.35 and a fifty-two week high of $27.10. The firm has a market cap of $2.64 billion, a P/E ratio of -96.22 and a beta of 1.88.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Stifel Nicolaus boosted their price target on shares of Warby Parker from $17.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. The Goldman Sachs Group increased their price target on shares of Warby Parker from $20.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Evercore ISI reaffirmed an “in-line” rating and set a $23.00 price objective on shares of Warby Parker in a report on Friday, January 17th. Robert W. Baird increased their target price on Warby Parker from $18.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, BTIG Research upped their price target on Warby Parker from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.67.

Insider Buying and Selling at Warby Parker

In related news, 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 transaction of $167,331.60. Following the completion of the sale, the chief financial officer now directly owns 182,130 shares of the company’s stock, valued at $4,343,800.50. The trade was a 3.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Neil Harris Blumenthal sold 36,163 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $22.61, for a total transaction of $817,645.43. Following the completion of the transaction, the chief executive officer now directly owns 12,177 shares in the company, valued at approximately $275,321.97. The trade was a 74.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 558,032 shares of company stock worth $13,807,864. Insiders own 26.55% of the company’s stock.

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.