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Wayfair Inc. NASDAQ:W co-founder Steven Conine sold a total of 199,473 shares of Class A Common Stock on August 13, 2025, for approximately $15.6 million. The sales were executed in multiple transactions with prices ranging from $77.39 to $79.35. The transactions come as Wayfair’s stock trades near its 52-week high of $80.50, having gained over 77% year-to-date. According to InvestingPro data, technical indicators suggest the stock is currently in overbought territory.
The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 15, 2024.
On the same day, Conine also converted 600,000 shares of Class B Common Stock into Class A Common Stock.
In other recent news, Wayfair has reported a robust second quarter for 2025, exceeding revenue expectations across multiple markets. The company achieved a 6% revenue growth, excluding its exit from the German market, and recorded a 6.3% adjusted EBITDA margin, along with $230 million in free cash flow. Analysts responded positively, with Bernstein SocGen increasing its price target to $70 due to the strong quarterly performance and revenue growth driven by average order value. Truist Securities also raised its price target to $80, highlighting Wayfair’s strongest growth and margins since 2021. RBC Capital adjusted its price target to $51, noting the significantly better-than-expected results and revising its third-quarter revenue estimate to a 4.0% growth. Evercore ISI set a new target of $85, citing structural improvements and the company’s financial performance. Raymond James increased its price target to $90, maintaining a Strong Buy rating, as both revenue and adjusted EBITDA surpassed expectations. These developments indicate a positive reception from analysts following Wayfair’s recent earnings report.
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