Wayfair Inc. (NYSE:W) CEO Niraj Shah sold 14,200 shares of Wayfair stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $68.52, for a total transaction of $972,984.00. Following the transaction, the chief executive officer now owns 260,072 shares of the company’s stock, valued at $17,820,133.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Tuesday, August 29th, Niraj Shah sold 41,000 shares of Wayfair stock. The shares were sold at an average price of $67.87, for a total transaction of $2,782,670.00.
  • On Wednesday, August 23rd, Niraj Shah sold 12,000 shares of Wayfair stock. The shares were sold at an average price of $66.95, for a total transaction of $803,400.00.
  • On Tuesday, August 22nd, Niraj Shah sold 12,000 shares of Wayfair stock. The shares were sold at an average price of $66.73, for a total transaction of $800,760.00.
  • On Monday, August 21st, Niraj Shah sold 16,000 shares of Wayfair stock. The shares were sold at an average price of $65.98, for a total transaction of $1,055,680.00.
  • On Wednesday, August 16th, Niraj Shah sold 36,058 shares of Wayfair stock. The shares were sold at an average price of $70.57, for a total transaction of $2,544,613.06.
  • On Monday, August 14th, Niraj Shah sold 10,000 shares of Wayfair stock. The shares were sold at an average price of $70.68, for a total transaction of $706,800.00.
  • On Wednesday, August 9th, Niraj Shah sold 55,000 shares of Wayfair stock. The shares were 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 shares were 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 shares were 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 shares were sold at an average price of $76.30, for a total transaction of $1,831,200.00.

Shares of Wayfair Inc. (W) opened at 72.46 on Friday. The company’s market cap is $6.32 billion. Wayfair Inc. has a 52-week low of $27.60 and a 52-week high of $82.19. The firm has a 50-day moving average of $73.02 and a 200-day moving average of $58.84.

Wayfair (NYSE:W) last posted its quarterly earnings results on Tuesday, August 8th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.69) by $0.43. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Wayfair had a negative net margin of 5.10% and a negative return on equity of 335.44%. The business’s quarterly revenue was up 42.7% on a year-over-year basis. During the same quarter last year, the company posted ($0.43) earnings per share. Equities research analysts forecast that Wayfair Inc. will post ($1.46) earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This piece was published by Watch List News and is owned by of Watch List News. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://www.watchlistnews.com/wayfair-inc-w-ceo-sells-972984-00-in-stock/1537436.html.

Several research firms have recently issued reports on W. Ifs Securities began coverage on shares of Wayfair in a report on Friday. They set an “outperform” rating for the company. Stifel Nicolaus upgraded shares of Wayfair from a “hold” rating to a “buy” rating and lifted their target price for the company from $75.00 to $78.00 in a report on Friday, August 25th. BidaskClub lowered shares of Wayfair from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Buckingham Research reiterated a “buy” rating and set a $95.00 target price on shares of Wayfair in a report on Thursday, August 10th. Finally, Wedbush reiterated a “buy” rating on shares of Wayfair in a report on Wednesday, August 9th. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $69.67.

Several hedge funds and other institutional investors have recently bought and sold shares of W. NJ State Employees Deferred Compensation Plan bought a new position in Wayfair during the first quarter worth about $445,000. Ameriprise Financial Inc. bought a new position in Wayfair during the first quarter worth about $1,650,000. Pacer Advisors Inc. boosted its position in Wayfair by 45.6% in the first quarter. Pacer Advisors Inc. now owns 4,124 shares of the company’s stock worth $167,000 after buying an additional 1,292 shares in the last quarter. Clough Capital Partners L P boosted its position in Wayfair by 46.1% in the first quarter. Clough Capital Partners L P now owns 318,664 shares of the company’s stock worth $11,716,000 after buying an additional 100,482 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Wayfair by 480.9% in the first quarter. Goldman Sachs Group Inc. now owns 201,769 shares of the company’s stock worth $8,170,000 after buying an additional 167,034 shares in the last quarter.

About Wayfair

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.