Wayfair Inc. (NYSE:W) CEO Niraj Shah sold 55,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 72,630 shares of the company’s stock, valued at $5,567,089.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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) opened at 69.69 on Friday. Wayfair Inc. has a 1-year low of $27.60 and a 1-year high of $82.19. The company has a 50-day moving average price of $75.74 and a 200 day moving average price of $55.96. The stock’s market cap is $6.08 billion.

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

WARNING: This story was originally reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://theolympiareport.com/2017/08/12/insider-selling-wayfair-inc-nysew-ceo-sells-4215750-00-in-stock.html.

A number of analysts have commented on the company. Piper Jaffray Companies set a $87.00 price objective on Wayfair and gave the stock a “buy” rating in a report on Friday, July 28th. Buckingham Research reaffirmed a “buy” rating and issued a $95.00 target price on shares of Wayfair in a report on Thursday. Oppenheimer Holdings, Inc. set a $88.00 target price on Wayfair and gave the company a “buy” rating in a report on Friday, August 4th. Gordon Haskett lowered Wayfair from a “buy” rating to an “accumulate” rating and upped their target price for the company from $70.00 to $85.00 in a report on Tuesday, June 27th. Finally, CIBC raised Wayfair from a “market perform” rating to an “outperform” rating in a report on Friday, June 2nd. Eleven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $69.15.

Large investors have recently bought and sold shares of the company. First Personal Financial Services increased its stake in Wayfair by 15.1% in the first quarter. First Personal Financial Services now owns 2,475 shares of the company’s stock worth $100,000 after buying an additional 325 shares during the period. BNP Paribas Arbitrage SA increased its stake in Wayfair by 96.2% in the second quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock worth $105,000 after buying an additional 667 shares during the period. UBS Group AG boosted its position 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 in the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of Wayfair during the first quarter valued at $110,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Wayfair by 9.6% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,820 shares of the company’s stock valued at $114,000 after buying an additional 247 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.