Independent Director Youngme Moon Sold A Bunch Of Shares In Warby Parker

Some Warby Parker Inc. (NYSE:WRBY) shareholders may be a little concerned to see that the Independent Director, Youngme Moon, recently sold a substantial US$658k worth of stock at a price of US$19.90 per share. That's a big disposal, and it decreased their holding size by 38%, which is notable but not too bad.

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Warby Parker Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when Independent Director Bradley Singer bought US$966k worth of shares at a price of US$13.00 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$20.08. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.

In total, Warby Parker insiders sold more than they bought over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

See our latest analysis for Warby Parker

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership Of Warby Parker

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Warby Parker insiders own 17% of the company, currently worth about US$421m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Warby Parker Insider Transactions Indicate?

Insiders sold Warby Parker shares recently, but they didn't buy any. Zooming out, the longer term picture doesn't give us much comfort. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Warby Parker. Case in point: We've spotted 2 warning signs for Warby Parker you should be aware of.

Of course Warby Parker may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.