Wayfair (NYSE:W) CEO Niraj Shah Sells 6,137 Shares

Wayfair Inc. (NYSE:W) CEO Niraj Shah sold 6,137 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $78.62, for a total transaction of $482,490.94. Following the sale, the chief executive officer directly owned 429,137 shares in the company, valued at $33,738,750.94. The trade was a 1.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, April 23rd, Niraj Shah sold 113,863 shares of Wayfair stock. The shares were sold at an average price of $77.49, for a total transaction of $8,823,243.87.
• 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 transaction of $121,249.78.
• On Monday, March 23rd, Niraj Shah sold 107,818 shares of Wayfair stock. The stock was sold at an average price of $77.19, for a total value of $8,322,471.42.
• 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 value of $6,940,590.00.

Wayfair Trading Down 3.9%

Shares of NYSE:W opened at $75.74 on Tuesday. The stock has a fifty day simple moving average of $76.33 and a two-hundred day simple moving average of $91.75. The stock has a market capitalization of $9.90 billion, a price-to-earnings ratio of -31.17, a PEG ratio of 6.61 and a beta of 3.30. Wayfair Inc. has a 12-month low of $28.77 and a 12-month high of $119.98.

Wayfair (NYSE:W) last released its earnings results on Thursday, February 19th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.21. Wayfair had a negative return on equity of 1.52% and a negative net margin of 2.51%.The firm had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.30 billion. During the same period in the prior year, the firm posted ($0.25) earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts predict that Wayfair Inc. will post 0.4 EPS for the current year.

More Wayfair News

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Broad media coverage of Wayfair’s “Way Day” promotion and heavily discounted inventory (up to ~80% off) could drive near‑term traffic and sales during the seasonal promo period, supporting top‑line momentum if conversion and AOV hold. Wayfair kicks off Way Day
• Neutral Sentiment: Extensive lifestyle and deal coverage (product roundups, viral items, large markdowns on furniture and appliances) increases brand visibility and may lift short‑term demand, but heavy discounting can compress margins — impact depends on sell‑through and margin mix. Representative coverage: Wayfair Way Day bedding deals
• Negative Sentiment: Large insider stock sales by CEO Niraj Shah and Director Steven Conine (transactions on April 23–24 totaling ~235k shares reported across filings) are weighing on sentiment. The trades were executed under pre‑arranged Rule 10b5‑1 plans (which reduces, but does not eliminate, negative interpretation). Market reaction likely interprets the magnitude and timing of the sales as a bearish signal despite the planned nature. CEO Form 4 (Shah) Director Form 4 (Conine)

Institutional Trading of Wayfair

A number of institutional investors have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership grew its stake in shares of Wayfair by 826.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,817,056 shares of the company’s stock worth $251,648,000 after acquiring an additional 2,512,854 shares during the period. Voloridge Investment Management LLC bought a new position in Wayfair during the third quarter valued at approximately $108,125,000. Norges Bank purchased a new stake in Wayfair in the fourth quarter worth approximately $117,973,000. AQR Capital Management LLC boosted its holdings in Wayfair by 197.3% in the second quarter. AQR Capital Management LLC now owns 1,557,937 shares of the company’s stock worth $79,673,000 after purchasing an additional 1,033,865 shares during the last quarter. Finally, Holocene Advisors LP grew its position in Wayfair by 351.9% in the 2nd quarter. Holocene Advisors LP now owns 1,294,057 shares of the company’s stock worth $66,178,000 after purchasing an additional 1,007,676 shares during the period. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Stifel Nicolaus reduced their price objective on shares of Wayfair from $100.00 to $89.00 and set a “hold” rating for the company in a research note on Friday, February 20th. Truist Financial cut their price target on shares of Wayfair from $120.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Robert W. Baird reduced their price target on shares of Wayfair from $98.00 to $85.00 and set a “neutral” rating for the company in a research report on Friday, February 20th. Morgan Stanley boosted their price objective on shares of Wayfair from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Finally, Evercore set a $100.00 price objective on Wayfair in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Wayfair currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.62.

About Wayfair

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.