Blue Apron Holdings, Inc. (NYSE:APRN) major shareholder First Round Capital Iv, L.P. sold 77,647 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $3.13, for a total transaction of $243,035.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

First Round Capital Iv, L.P. also recently made the following trade(s):

  • On Tuesday, November 7th, First Round Capital Iv, L.P. sold 1,460,435 shares of Blue Apron Holdings stock. The shares were sold at an average price of $3.26, for a total transaction of $4,761,018.10.

Shares of Blue Apron Holdings, Inc. (NYSE:APRN) traded up $0.03 on Thursday, reaching $3.09. 1,143,400 shares of the company traded hands, compared to its average volume of 3,210,043. Blue Apron Holdings, Inc. has a fifty-two week low of $3.02 and a fifty-two week high of $11.00. The company has a quick ratio of 2.73, a current ratio of 3.15 and a debt-to-equity ratio of 0.48.

Blue Apron Holdings (NYSE:APRN) last announced its earnings results on Thursday, November 2nd. The company reported ($0.47) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.43) by ($0.04). The company had revenue of $210.60 million for the quarter, compared to analyst estimates of $191.47 million. During the same period last year, the firm earned ($0.56) EPS. The company’s revenue was up 2.5% compared to the same quarter last year. equities research analysts predict that Blue Apron Holdings, Inc. will post -1.63 EPS for the current year.

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Several brokerages have commented on APRN. CIBC began coverage on shares of Blue Apron Holdings in a research note on Monday, July 24th. They issued an “outperform” rating and a $11.00 target price for the company. Citigroup Inc. began coverage on shares of Blue Apron Holdings in a research report on Tuesday, July 25th. They set a “buy” rating and a $10.00 price objective for the company. Raymond James Financial, Inc. began coverage on shares of Blue Apron Holdings in a research report on Monday, July 24th. They set a “market perform” rating for the company. Oppenheimer Holdings, Inc. began coverage on shares of Blue Apron Holdings in a research report on Monday, July 24th. They set an “outperform” rating and a $11.00 price objective for the company. Finally, Morgan Stanley began coverage on shares of Blue Apron Holdings in a research report on Monday, July 24th. They set an “equal weight” rating and a $7.50 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. Blue Apron Holdings currently has an average rating of “Hold” and an average target price of $7.12.

A number of institutional investors and hedge funds have recently made changes to their positions in APRN. Obermeyer Wood Investment Counsel Lllp acquired a new stake in Blue Apron Holdings in the second quarter valued at $110,000. Bank of New York Mellon Corp acquired a new stake in Blue Apron Holdings in the third quarter valued at $120,000. Royal Bank of Canada acquired a new stake in Blue Apron Holdings in the second quarter valued at $141,000. BBR Partners LLC acquired a new stake in Blue Apron Holdings in the third quarter valued at $147,000. Finally, Legal & General Group Plc acquired a new stake in Blue Apron Holdings in the second quarter valued at $187,000. Institutional investors and hedge funds own 91.18% of the company’s stock.

About Blue Apron Holdings

Blue Apron Holdings, Inc is a holding company. The Company is focused on providing recipes and fresh ingredients for making home cooking accessible. The Company offers under a novel business model in which it source, process, store and package meal ingredients and ship them directly to consumers. The Company’s core products include Meals and Wine.

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