Wayfair (W) Director Steven Conine Sells $13M of Stock
Key Points
- Wayfair Inc. Director Steven Conine sold 117,000 shares on October 15, 2026, fetching about $13.0 million at an average price of $111.25.
- After the trade, Steven Conine holds 105,073 $W shares, down 52.69% from before the trade.
- Institutional investors like Portman Square Capital and Jupiter Topco adjusted their holdings in the online home goods retailer recently.
- Wayfair holds a consensus buy rating from wall street analysts with a mean price target of $122.69 ahead of upcoming November earnings.
Since the trade, $W is down 4.2% to date (from the $111.93 close on Oct 15, 2026).
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Wayfair Inc. Director Steven Conine sold 117,000 shares of the online home goods retailer on October 15, 2026, bringing in about $13.0 million. The transaction was revealed in a Form 4 filing submitted to the Securities and Exchange Commission.
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Wayfair Inc.
Inside Steven Conine's Wayfair Trade
Conine carried out the sale under a pre-arranged trading plan, parting with the shares at an average price of $111.25. The trade cut his direct stake in the company by 52.7%. Following the transaction, he holds 105,073 shares of the company. The stock closed at $111.93 on the day of the sale.
Other Institutional Activity in Wayfair Inc.
Institutional investors have been actively tweaking their positions in the home goods e-commerce firm. Portman Square Capital grew its holdings by 336,502 shares, ending with 745,851 shares worth about $76.5 million. Renaissance Technologies, LLC reduced its stake by 457,956 shares, leaving it with 4,514,426 shares valued at about $505.5 million. Jupiter Topco LLC increased its holdings by 2,234,554 shares, holding 4,469,109 shares worth about $500.4 million. AQR Capital Management, LLC grew its position by 1,248,817 shares to hold 3,101,936 shares valued at about $347.3 million. Spruce House Investment Management LLC added 309,664 shares, wrapping up the period with 2,909,700 shares worth about $325.8 million.
Wayfair Inc. Stock Up 4.4%
The company's shares recently traded near $111.98, sitting comfortably above both their 50-day moving average of $102.64 and their 200-day moving average of $88.51. The stock trades below its 52-week high of $119.98.
Recent Earnings
The company generated $12.9 billion in trailing revenue with a net profit margin of -2.5%.
Dividend
The company does not pay a dividend.
Insider Buying and Selling at Wayfair Inc.
Insiders have been active sellers of the stock through October, following earlier reported transactions from executives and directors including CEO Niraj Shah.
Analysts Set New Price Targets
Analysts hold positive views on the retailer, with a consensus buy rating and a mean price target of $122.69 across 29 opinions.
About Wayfair Inc.
Wayfair runs online e-commerce platforms focused on furniture, decor, and housewares. Its websites serve customers shopping for home improvement products across several distinct brand names.
Bottom Line
Investors are looking ahead to the company's next earnings report scheduled for November 4, 2026, for further updates on retail demand and profit margins.
Related Filing Alerts
Source: Steven Conine's Form 4 filing on $W (Oct 15, 2026). Written by software, not financial advice. How we make alerts