Warby Parker Inc (WRBY) CFO Steven Miller Sells 7,016 Shares

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Dec 14, 2024

On December 11, 2024, Steven Miller, the Chief Financial Officer of Warby Parker Inc (WRBY, Financial), sold 7,016 shares of the company. Following this transaction, the insider now owns 182,130 shares of the company. The details of this transaction can be found in the SEC Filing. Warby Parker Inc is a direct-to-consumer eyewear brand that designs and sells prescription glasses, sunglasses, and contact lenses. The company is known for its innovative approach to the eyewear market, offering high-quality products at affordable prices through its online platform and retail locations.

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Over the past year, Steven Miller has sold a total of 291,033 shares and has not purchased any shares. The insider transaction history for Warby Parker Inc shows that there have been 1 insider buy and 24 insider sells over the same timeframe.

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On the day of the recent sale, shares of Warby Parker Inc were trading at $23.85, giving the stock a market cap of $2.843 billion. The stock's GF Value is estimated at $14.58, resulting in a price-to-GF-Value ratio of 1.64. This indicates that the stock is significantly overvalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also considers a GuruFocus adjustment factor based on the company’s past returns and growth, as well as future estimates of business performance from Morningstar analysts.

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.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.