Wayfair Inc. (NYSE:W) CEO Niraj Shah sold 55,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $76.65, for a total value of $4,215,750.00. Following the completion of the transaction, the chief executive officer now directly owns 72,630 shares in the company, valued at $5,567,089.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Niraj Shah also recently made the following trade(s):

  • On Wednesday, August 2nd, Niraj Shah sold 50,000 shares of Wayfair stock. The stock was sold at an average price of $75.51, for a total value of $3,775,500.00.
  • On Wednesday, July 26th, Niraj Shah sold 5,000 shares of Wayfair stock. The stock was sold at an average price of $79.28, for a total value of $396,400.00.
  • On Tuesday, July 25th, Niraj Shah sold 24,000 shares of Wayfair stock. The stock was sold at an average price of $76.30, for a total value of $1,831,200.00.
  • On Monday, July 24th, Niraj Shah sold 26,000 shares of Wayfair stock. The stock was sold at an average price of $76.42, for a total value of $1,986,920.00.
  • On Monday, July 17th, Niraj Shah sold 50,839 shares of Wayfair stock. The stock was sold at an average price of $75.22, for a total value of $3,824,109.58.
  • On Monday, July 10th, Niraj Shah sold 50,000 shares of Wayfair stock. The stock was sold at an average price of $73.77, for a total value of $3,688,500.00.
  • On Wednesday, July 5th, Niraj Shah sold 50,000 shares of Wayfair stock. The stock was sold at an average price of $75.25, for a total value of $3,762,500.00.
  • On Monday, June 19th, Niraj Shah sold 50,850 shares of Wayfair stock. The stock was sold at an average price of $73.88, for a total value of $3,756,798.00.
  • On Tuesday, May 30th, Niraj Shah sold 40,000 shares of Wayfair stock. The stock was sold at an average price of $63.97, for a total value of $2,558,800.00.

Wayfair Inc. (NYSE W) traded down 3.58% during trading on Wednesday, reaching $72.82. The company’s stock had a trading volume of 1,890,226 shares. The firm’s 50-day moving average is $75.55 and its 200-day moving average is $54.28. The stock’s market cap is $6.31 billion. Wayfair Inc. has a 52-week low of $27.60 and a 52-week high of $80.40.

Wayfair (NYSE:W) last issued its quarterly earnings data on Tuesday, August 8th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.43. Wayfair had a negative return on equity of 215.36% and a negative net margin of 5.84%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the company posted ($0.43) earnings per share. The business’s revenue was up 42.7% on a year-over-year basis. Equities research analysts forecast that Wayfair Inc. will post ($1.55) EPS for the current year.

TRADEMARK VIOLATION NOTICE: This article was first published by Watch List News and is owned by of Watch List News. If you are reading this article on another website, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this article can be read at https://www.watchlistnews.com/insider-selling-wayfair-inc-w-ceo-sells-55000-shares-of-stock/1466348.html.

Several research firms have recently issued reports on W. Wedbush reiterated a “buy” rating on shares of Wayfair in a research note on Wednesday. Credit Suisse Group upped their price target on Wayfair from $75.00 to $78.00 and gave the stock a “neutral” rating in a research note on Wednesday. Wolfe Research reiterated an “outperform” rating on shares of Wayfair in a research note on Wednesday. Robert W. Baird upped their price target on Wayfair to $73.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Canaccord Genuity reiterated a “buy” rating on shares of Wayfair in a research note on Tuesday. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Wayfair has an average rating of “Buy” and an average target price of $69.15.

Large investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its stake in shares of Wayfair by 96.2% in the second quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock valued at $105,000 after buying an additional 667 shares during the period. First Mercantile Trust Co. bought a new stake in shares of Wayfair during the second quarter valued at about $138,000. First Personal Financial Services boosted its stake in shares of Wayfair by 15.1% in the first quarter. First Personal Financial Services now owns 2,475 shares of the company’s stock valued at $100,000 after buying an additional 325 shares during the period. UBS Group AG boosted its stake in shares of Wayfair by 55.5% in the first quarter. UBS Group AG now owns 2,690 shares of the company’s stock valued at $109,000 after buying an additional 960 shares during the period. Finally, CIBC Asset Management Inc bought a new stake in shares of Wayfair during the second quarter valued at about $208,000.

Wayfair Company Profile

Wayfair Inc (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.

Insider Buying and Selling by Quarter for Wayfair (NYSE:W)

Receive News & Ratings for Wayfair Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wayfair Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.