Wayfair (NYSE:W) Insider Steven Conine Sells 26,950 Shares of Stock

Wayfair Inc. (NYSE:W) insider Steven Conine sold 26,950 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $78.86, for a total transaction of $2,125,277.00. Following the completion of the sale, the insider owned 169,073 shares of the company’s stock, valued at approximately $13,333,096.78. The trade was a 13.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Steven Conine also recently made the following trade(s):

• On Monday, February 23rd, Steven Conine sold 93,050 shares of Wayfair stock. The shares were sold at an average price of $74.63, for a total value of $6,944,321.50.
• On Friday, January 23rd, Steven Conine sold 150,000 shares of Wayfair stock. The stock was sold at an average price of $108.87, for a total value of $16,330,500.00.
• On Friday, December 26th, Steven Conine sold 30,000 shares of Wayfair stock. The stock was sold at an average price of $102.33, for a total value of $3,069,900.00.
• On Tuesday, December 23rd, Steven Conine sold 120,000 shares of Wayfair stock. The shares were sold at an average price of $100.28, for a total transaction of $12,033,600.00.

Wayfair Price Performance

NYSE:W opened at $76.14 on Friday. The company’s 50-day moving average is $99.21 and its two-hundred day moving average is $93.58. The firm has a market capitalization of $9.92 billion, a price-to-earnings ratio of -31.33, a PEG ratio of 5.85 and a beta of 3.36. Wayfair Inc. has a 1-year low of $20.41 and a 1-year high of $119.98.

Institutional Trading of Wayfair

Several hedge funds have recently modified their holdings of W. Optas LLC grew its stake in Wayfair by 2.1% during the 4th quarter. Optas LLC now owns 5,057 shares of the company’s stock worth $508,000 after purchasing an additional 106 shares in the last quarter. Larson Financial Group LLC grew its position in shares of Wayfair by 30.0% during the third quarter. Larson Financial Group LLC now owns 520 shares of the company’s stock worth $46,000 after buying an additional 120 shares in the last quarter. Wedmont Private Capital increased its stake in shares of Wayfair by 3.3% during the fourth quarter. Wedmont Private Capital now owns 3,774 shares of the company’s stock worth $415,000 after buying an additional 121 shares during the period. True Wealth Design LLC raised its holdings in Wayfair by 37.7% in the fourth quarter. True Wealth Design LLC now owns 449 shares of the company’s stock valued at $45,000 after acquiring an additional 123 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in Wayfair by 2.3% in the fourth quarter. State of Alaska Department of Revenue now owns 5,418 shares of the company’s stock worth $544,000 after acquiring an additional 124 shares during the last quarter. 89.67% of the stock is currently owned by institutional investors and hedge funds.

More Wayfair News

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Marketplace expansion: a consumer brand (Drinkmate) has launched on Wayfair.com (and Nordstrom.com), highlighting Wayfair’s role as a third‑party distribution channel that can boost assortment and marketplace revenue. Drinkmate Launches on Wayfair
• Positive Sentiment: Promotions and traffic: multiple outlets are highlighting large Wayfair sales (spring sale up to ~70% off) and high‑visibility product deals — signals of marketing push and potential short‑term order/traffic lift. These stories include curated deal roundups and editor picks that can drive consumer demand. Wayfair Spring Sale Deals
• Neutral Sentiment: Analyst repositioning: Citigroup cut its price target from $135 to $110 but kept a “buy” rating — this lowers upside expectations while maintaining analyst conviction in recovery, producing mixed investor reaction. Citigroup Lowers PT
• Negative Sentiment: Earnings tone and active‑customer softness: post‑Q4 commentary showed revenue/profit beats but management flagged ongoing customer softness and headwinds in active customers — the market reacted poorly to the cautious commentary despite the beats. Analyst Questions from Q4 Call
• Negative Sentiment: Insider selling: CEO Niraj Shah and co‑founder Steven Conine reported large share sales (each ~93k shares on Feb 23), materially reducing their stakes — a near‑term negative signal that likely pressured sentiment. Insider Selling Filing
• Negative Sentiment: Comparative outlook: analyst pieces comparing MercadoLibre and Wayfair argue MELI has stronger long‑term upside (fintech growth & LatAm dominance), suggesting investors may prefer other e‑commerce exposure over Wayfair now. MercadoLibre vs Wayfair

Wall Street Analyst Weigh In

Several equities analysts have recently commented on W shares. Guggenheim upped their price target on Wayfair from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Needham & Company LLC restated a “buy” rating and issued a $125.00 price objective on shares of Wayfair in a report on Friday, February 20th. Oppenheimer increased their target price on shares of Wayfair from $100.00 to $144.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 12th. Morgan Stanley boosted their price target on shares of Wayfair from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Finally, Wall Street Zen cut shares of Wayfair from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. One 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 given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $104.62.

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.