GuruFocus - On September 11, 2024, Steven Miller, the Chief Financial Officer of Warby Parker Inc (NYSE:WRBY), sold 6,763 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 177,488 shares of Warby Parker Inc.
Warby Parker Inc operates in the eyewear industry, providing a variety of prescription glasses, sunglasses, and contact lenses. The company is known for its direct-to-consumer approach, offering stylish eyewear at competitive prices.
Over the past year, Steven Miller has sold a total of 298,474 shares and has not purchased any shares. This recent transaction is part of a broader trend at Warby Parker Inc, where there have been 21 insider sells and only 1 insider buy over the past year.
On the day of the sale, shares of Warby Parker Inc were trading at $13.9. This pricing gives the company a market cap of approximately $1.756 billion. According to the GF Value, the stock is considered Fairly Valued with a price-to-GF-Value ratio of 1.
The GF Value is calculated based on historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business results.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and stock valuation.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.