Wayfair Inc. (NYSE:W) CEO Niraj Shah sold 10,000 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $70.68, for a total transaction of $706,800.00. Following the completion of the sale, the chief executive officer now directly owns 7,630 shares in the company, valued at approximately $539,288.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Wednesday, August 9th, Niraj Shah sold 55,000 shares of Wayfair stock. The stock was sold at an average price of $76.65, for a total transaction of $4,215,750.00.
  • 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $2,558,800.00.

Shares of Wayfair Inc. (NYSE W) traded down 0.24% during trading on Wednesday, hitting $70.68. 933,774 shares of the stock traded hands. The firm’s market cap is $6.16 billion. Wayfair Inc. has a 12 month low of $27.60 and a 12 month high of $82.19. The company has a 50 day moving average price of $75.43 and a 200 day moving average price of $56.59.

Wayfair (NYSE:W) last issued its quarterly earnings results on Tuesday, August 8th. The company reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.43. Wayfair had a negative return on equity of 335.44% and a negative net margin of 5.10%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company posted ($0.43) earnings per share. Wayfair’s revenue for the quarter was up 42.7% compared to the same quarter last year. Analysts anticipate that Wayfair Inc. will post ($1.46) earnings per share for the current fiscal year.

WARNING: This news story was posted by Watch List News and is the property of of Watch List News. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The original version of this news story can be read at https://www.watchlistnews.com/wayfair-inc-w-ceo-niraj-shah-sells-10000-shares/1496389.html.

Several hedge funds and other institutional investors have recently modified their holdings of W. Spruce House Investment Management LLC acquired a new position in shares of Wayfair during the first quarter worth $101,225,000. Columbia Wanger Asset Management LLC purchased a new position in shares of Wayfair during the first quarter worth approximately $42,729,000. Vanguard Group Inc. increased its position in shares of Wayfair by 16.3% in the second quarter. Vanguard Group Inc. now owns 3,028,832 shares of the company’s stock worth $232,857,000 after buying an additional 423,631 shares during the period. Eventide Asset Management LLC increased its position in shares of Wayfair by 99.7% in the first quarter. Eventide Asset Management LLC now owns 699,000 shares of the company’s stock worth $28,303,000 after buying an additional 349,000 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Wayfair by 818.5% in the second quarter. Renaissance Technologies LLC now owns 338,000 shares of the company’s stock worth $25,985,000 after buying an additional 301,200 shares during the period.

A number of analysts have commented on the stock. BidaskClub cut shares of Wayfair from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Buckingham Research reaffirmed a “buy” rating and set a $95.00 price target on shares of Wayfair in a research report on Thursday, August 10th. Wedbush reaffirmed a “buy” rating on shares of Wayfair in a research report on Wednesday, August 9th. Credit Suisse Group upped their price target on shares of Wayfair from $75.00 to $78.00 and gave the company a “neutral” rating in a research report on Wednesday, August 9th. Finally, Wolfe Research reaffirmed an “outperform” rating on shares of Wayfair in a research report on Wednesday, August 9th. Ten equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Wayfair currently has a consensus rating of “Buy” and a consensus price target of $69.15.

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.