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

27 Feb 2026, 23:11 by Michael Walen · The Markets Daily

Wayfair Inc. (NYSE:W – Get Free Report) insider Steven Conine sold 26,950 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $78.86, for a total transaction of $2,125,277.00. Following the sale, the insider owned 169,073 shares in the company, valued at approximately $13,333,096.78. This trade represents a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $74.63, for a total transaction 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 shares were 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 stock was sold at an average price of $100.28, for a total value of $12,033,600.00.

Wayfair Stock Performance

W stock traded down $2.83 during mid-day trading on Friday, reaching $76.14. The company had a trading volume of 3,263,963 shares, compared to its average volume of 3,848,503. The firm has a fifty day simple moving average of $99.72 and a 200 day simple moving average of $93.55. The company has a market capitalization of $9.92 billion, a price-to-earnings ratio of -31.33, a price-to-earnings-growth ratio of 5.61 and a beta of 3.36. Wayfair Inc. has a fifty-two week low of $20.41 and a fifty-two week high of $119.98.

Analysts Set New Price Targets

W has been the topic of a number of recent analyst reports. Morgan Stanley increased their price objective on shares of Wayfair from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. JPMorgan Chase & Co. dropped their target price on Wayfair from $114.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Citigroup cut their price target on Wayfair from $135.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday. Wedbush lowered their price objective on Wayfair from $100.00 to $85.00 and set a “neutral” rating for the company in a research report on Friday, February 20th. Finally, Truist Financial dropped their price objective on Wayfair from $120.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, February 20th. One equities 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, Wayfair presently has an average rating of “Moderate Buy” and an average target price of $104.62.

Get Our Latest Research Report on Wayfair

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of W. Cornerstone Planning Group LLC boosted its stake in shares of Wayfair by 28,200.0% during the third quarter. Cornerstone Planning Group LLC now owns 283 shares of the company’s stock worth $25,000 after buying an additional 282 shares during the period. True Wealth Design LLC grew its position in Wayfair by 250.5% in the 3rd quarter. True Wealth Design LLC now owns 326 shares of the company’s stock valued at $29,000 after buying an additional 233 shares during the last quarter. Global Retirement Partners LLC increased its stake in Wayfair by 156.3% in the 3rd quarter. Global Retirement Partners LLC now owns 328 shares of the company’s stock valued at $29,000 after buying an additional 200 shares during the period. Webster Bank N. A. purchased a new position in Wayfair during the 4th quarter worth $30,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Wayfair in the 4th quarter worth $33,000. 89.67% of the stock is currently owned by institutional investors and hedge funds.

Wayfair Company Profile

(Get Free Report)

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.