Insider Selling: The Honest Company, Inc. (NASDAQ:HNST) Director Sells 465,000 Shares of Stock

by · The Markets Daily

The Honest Company, Inc. (NASDAQ:HNST – Get Free Report) Director Jessica Warren sold 465,000 shares of the stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $7.55, for a total value of $3,510,750.00. Following the sale, the director now owns 1,170,058 shares in the company, valued at approximately $8,833,937.90. This trade represents a 28.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Honest Stock Down 5.4 %

Shares of HNST stock traded down $0.41 during trading hours on Wednesday, hitting $7.14. 4,753,153 shares of the company were exchanged, compared to its average volume of 1,607,088. The Honest Company, Inc. has a 1 year low of $2.31 and a 1 year high of $8.97. The firm has a fifty day moving average of $5.40 and a 200 day moving average of $4.13. The firm has a market cap of $720.86 million, a PE ratio of -178.50 and a beta of 2.40.

Hedge Funds Weigh In On Honest

A number of large investors have recently bought and sold shares of the stock. Franklin Resources Inc. acquired a new stake in shares of Honest during the 3rd quarter worth $164,000. Virtu Financial LLC acquired a new stake in Honest during the third quarter worth about $219,000. Barclays PLC raised its holdings in shares of Honest by 298.9% in the 3rd quarter. Barclays PLC now owns 110,386 shares of the company’s stock worth $394,000 after purchasing an additional 82,713 shares during the period. Geode Capital Management LLC raised its holdings in shares of Honest by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,811,621 shares of the company’s stock worth $6,468,000 after purchasing an additional 65,995 shares during the period. Finally, XTX Topco Ltd lifted its stake in shares of Honest by 14.2% in the 3rd quarter. XTX Topco Ltd now owns 157,363 shares of the company’s stock valued at $562,000 after purchasing an additional 19,566 shares in the last quarter. Hedge funds and other institutional investors own 45.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on HNST. Telsey Advisory Group increased their price objective on Honest from $4.00 to $6.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Alliance Global Partners raised their price target on shares of Honest from $5.75 to $8.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. B. Riley boosted their price objective on shares of Honest from $6.50 to $7.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Finally, Northland Securities raised their target price on shares of Honest from $7.50 to $9.50 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $6.21.

Get Our Latest Analysis on HNST

About Honest

(Get Free Report)

The Honest Company, Inc manufactures and sells diapers and wipes, skin and personal care, and household and wellness products. The company also offers baby clothing and nursery bedding products. It sells its products through digital and retail sales channels, such as its website and third-party ecommerce sites, as well as brick and mortar retailers.

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