Insider Selling: Wayfair (NYSE:W) CEO Sells 107,818 Shares of Stock

Wayfair Inc. (NYSE:W) CEO Niraj Shah sold 107,818 shares of the firm’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $77.19, for a total value of $8,322,471.42. Following the sale, the chief executive officer directly owned 61,319 shares of the company’s stock, valued at $4,733,213.61. This trade represents a 63.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, March 24th, Niraj Shah sold 1,571 shares of Wayfair stock. The shares were sold at an average price of $77.18, for a total value of $121,249.78.
• On Thursday, February 26th, Niraj Shah sold 27,000 shares of Wayfair stock. The stock was sold at an average price of $78.88, for a total value of $2,129,760.00.
• On Monday, February 23rd, Niraj Shah sold 93,000 shares of Wayfair stock. The shares were sold at an average price of $74.63, for a total transaction of $6,940,590.00.
• On Friday, January 23rd, Niraj Shah sold 150,000 shares of Wayfair stock. The shares were sold at an average price of $108.87, for a total transaction of $16,330,500.00.
• On Friday, December 26th, Niraj Shah sold 30,000 shares of Wayfair stock. The shares were sold at an average price of $102.32, for a total transaction of $3,069,600.00.

Wayfair Stock Up 5.4%

W stock traded up $4.07 during trading hours on Wednesday, hitting $79.47. The company’s stock had a trading volume of 3,434,288 shares, compared to its average volume of 3,689,686. The stock has a 50 day moving average price of $88.98 and a two-hundred day moving average price of $93.60. Wayfair Inc. has a 12 month low of $20.41 and a 12 month high of $119.98. The company has a market capitalization of $10.39 billion, a PE ratio of -32.71, a price-to-earnings-growth ratio of 5.66 and a beta of 3.40.

Wayfair (NYSE:W) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.21. Wayfair had a negative net margin of 2.51% and a negative return on equity of 1.52%. The business had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.30 billion. During the same quarter last year, the firm earned ($0.25) EPS. Wayfair’s revenue for the quarter was up 6.9% on a year-over-year basis. Sell-side analysts expect that Wayfair Inc. will post -2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

W has been the subject of a number of analyst reports. Evercore set a $100.00 price target on Wayfair in a research report on Friday, February 20th. Jefferies Financial Group reissued a “hold” rating on shares of Wayfair in a report on Tuesday, March 10th. JPMorgan Chase & Co. cut their price objective on Wayfair from $114.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, February 20th. Royal Bank Of Canada boosted their target price on Wayfair from $86.00 to $92.00 and gave the stock a “sector perform” rating in a report on Friday, February 20th. Finally, Morgan Stanley upped their target price on Wayfair from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Wayfair presently has a consensus rating of “Moderate Buy” and an average price target of $104.62.

Institutional Trading of Wayfair

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in W. Great Lakes Advisors LLC acquired a new position in shares of Wayfair during the third quarter worth approximately $3,946,000. Range Financial Group LLC acquired a new stake in shares of Wayfair in the third quarter worth $1,330,000. Concurrent Investment Advisors LLC acquired a new stake in shares of Wayfair in the third quarter worth $3,332,000. Hook Mill Capital Partners LP bought a new position in Wayfair during the second quarter worth $39,965,000. Finally, Baader Bank Aktiengesellschaft bought a new position in Wayfair during the third quarter worth $1,107,000. Institutional investors and hedge funds own 89.67% of the company’s stock.

Key Headlines Impacting Wayfair

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Repeated consumer-facing coverage and promotional stories highlight discounted products and outlet deals that can help drive short-term traffic and sales for Wayfair. Article Title
• Positive Sentiment: Roundups of Wayfair outlet deals and product promotions (seasonal merchandising) may support conversion and gross merchandise volume in the near term. Article Title
• Neutral Sentiment: Industry discussion at Shoptalk (Wayfair executives speaking on AI and retail) signals strategic focus on technology and customer experience but is a longer-term cue rather than an immediate earnings driver. Article Title
• Neutral Sentiment: Broader-market headlines (e.g., temporary market relief from geopolitical news) have helped consumer discretionary names trade up intermittently; such moves are market-driven and not company-specific. Article Title
• Negative Sentiment: Wayfair was removed from the S&P Homebuilders Select Industry Index — an index exit that can trigger fund rebalancing and reduce passive demand, prompting some investors to reassess valuation and growth assumptions. Article Title
• Negative Sentiment: Insider selling: Director Steven Conine sold a large block (107,919 shares on Mar. 23 and an additional 1,687 on Mar. 24), representing a substantial reduction in his position; filings are posted with the SEC. Such big insider disposals can create negative sentiment or add selling pressure. SEC Filing
• Negative Sentiment: Insider selling: CEO Niraj Shah sold a similarly large block (107,818 shares on Mar. 23 and 1,571 on Mar. 24), cutting his stake by roughly two-thirds; investors frequently view major executive sales as a negative signal or a source of short-term supply. SEC Filing

Wayfair Company Profile

Wayfair Inc (NYSE: W) is an e-commerce company focused on home furnishings and décor. Through its platform, Wayfair offers a broad assortment of furniture, lighting, home textiles, kitchenware and decorative accessories. The company’s portfolio includes flagship sites such as Wayfair.com, as well as specialty retail brands like Joss & Main, AllModern, Birch Lane and Perigold, each catering to distinct design styles and price points.

Founded in 2002 by Niraj Shah and Steve Conine under the name CSN Stores, the business rebranded as Wayfair in 2011 and went public in 2014.