Squarepoint Ops LLC Sells 383,888 Shares of Warby Parker Inc. $WRBY

Squarepoint Ops LLC lessened its stake in Warby Parker Inc. (NYSE:WRBY) by 64.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,272 shares of the company’s stock after selling 383,888 shares during the quarter. Squarepoint Ops LLC owned about 0.20% of Warby Parker worth $4,589,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its stake in shares of Warby Parker by 400.3% during the second quarter. PNC Financial Services Group Inc. now owns 1,601 shares of the company’s stock valued at $35,000 after purchasing an additional 1,281 shares during the last quarter. Huntington National Bank raised its position in Warby Parker by 111.0% in the 2nd quarter. Huntington National Bank now owns 1,675 shares of the company’s stock worth $37,000 after purchasing an additional 881 shares during the last quarter. Anderson Financial Strategies LLC lifted its holdings in Warby Parker by 39.0% during the 1st quarter. Anderson Financial Strategies LLC now owns 3,954 shares of the company’s stock worth $72,000 after buying an additional 1,109 shares in the last quarter. State of Tennessee Department of Treasury acquired a new position in Warby Parker during the 2nd quarter worth $126,000. Finally, Headlands Technologies LLC boosted its position in Warby Parker by 981.3% in the 2nd quarter. Headlands Technologies LLC now owns 6,077 shares of the company’s stock valued at $133,000 after buying an additional 5,515 shares during the last quarter. 93.24% of the stock is owned by institutional investors.

Insider Activity at Warby Parker

In other Warby Parker news, CEO Neil Harris Blumenthal sold 100,000 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $30.29, for a total value of $3,029,000.00. Following the sale, the chief executive officer directly owned 37,119 shares in the company, valued at approximately $1,124,334.51. This trade represents a 72.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Youngme E. Moon sold 38,832 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $29.07, for a total transaction of $1,128,846.24. Following the completion of the transaction, the director directly owned 27,057 shares of the company’s stock, valued at $786,546.99. This trade represents a 58.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 147,748 shares of company stock valued at $4,403,215 in the last ninety days. Insiders own 18.24% of the company’s stock.

Warby Parker Trading Down 1.8%

NYSE:WRBY opened at $26.90 on Tuesday. Warby Parker Inc. has a 1-year low of $13.63 and a 1-year high of $31.00. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 2,690.10 and a beta of 2.06. The business’s 50-day moving average price is $20.61 and its two-hundred day moving average price is $23.09.

Warby Parker (NYSE:WRBY) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The company had revenue of $221.68 million during the quarter, compared to the consensus estimate of $224.49 million. Warby Parker had a net margin of 0.08% and a return on equity of 1.96%. The business’s revenue was up 15.2% compared to the same quarter last year. During the same period last year, the company earned ($0.03) earnings per share. Sell-side analysts predict that Warby Parker Inc. will post -0.12 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WRBY shares. Citigroup upgraded Warby Parker from a “hold” rating to an “outperform” rating in a research report on Wednesday, December 10th. Wall Street Zen lowered Warby Parker from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. UBS Group dropped their price objective on Warby Parker from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, November 7th. BTIG Research upped their target price on shares of Warby Parker from $25.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Warby Parker in a research report on Monday, December 8th. Eleven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Warby Parker has an average rating of “Moderate Buy” and an average target price of $25.50.

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.