Warby Parker CEO Blumenthal sells $1.25 million in shares

Neil Harris Blumenthal, Co-Chief Executive Officer of Warby Parker Inc. (NASDAQ:WRBY), a $2.98 billion market cap company that has seen its stock surge over 109% in the past year, sold 50,000 shares of Class A Common Stock on August 13, 2025. The shares were sold at a price of $25.11, for a total value of $1,255,500. The price received for these shares ranged from $25.00 to $25.28. These share sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 14, 2025. The company maintains a strong financial position with a healthy current ratio of 2.55 and more cash than debt on its balance sheet.

On the same day, Blumenthal also acquired 50,000 shares of Class A Common Stock through the conversion of Class B Common Stock, at a price of $0.

Following these transactions, Blumenthal directly owns 28,347 shares of Warby Parker Class A Common Stock. He also indirectly owns 200,000 shares through the Royal Blue Aries Trust and 200,000 shares through the Tiffany Blue Gemini Trust.

In addition, Blumenthal directly owns 3,407,265 shares of Class B Common Stock and indirectly owns shares through several trusts: 200,000 shares through the Royal Blue Aries Trust, 200,000 shares through the Tiffany Blue Gemini Trust, 1,548,334 shares through the Neil H. Blumenthal 2011 Family Trust, 385,221 shares through the Teal Aquarius Trust, 800,000 shares through the Cobalt Pisces Trust and 1,000,000 shares through the Sky Scorpio 2 Trust.

In other recent news, Warby Parker Inc. reported its second-quarter 2025 financial results, showing revenue growth to $214.5 million, which exceeded forecasts of $212.94 million. However, the company reported a loss per share of $0.01, falling short of the expected earnings per share of $0.08. This earnings miss resulted in a negative surprise of 112.5%. Despite this, Warby Parker’s revenue performance was strong, with revenue slightly above the high-end of guidance by approximately $0.5 million, and EBITDA exceeding guidance by $3 million, representing a 14% beat.

Following these results, BTIG raised its price target for Warby Parker to $28.00 from $24.00, maintaining a Buy rating, highlighting significant upside in general and administrative expense leverage. Stifel also adjusted its price target to $22.00 from $21.00, while keeping a Hold rating, noting improved outlook due to stronger new customer acquisition and adjusted SG&A leverage. Meanwhile, Citizens JMP reiterated a Market Perform rating on the stock after the company’s second-quarter results. These developments reflect the mixed analyst sentiment and ongoing evaluation of Warby Parker’s financial performance and strategic initiatives.

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