Insider Selling: The Honest Company, Inc. (NASDAQ:HNST) CFO Sells 3,933 Shares of Stock

The Honest Company, Inc. (NASDAQ:HNSTGet Rating) CFO Kelly J. Kennedy sold 3,933 shares of the company’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $2.90, for a total transaction of $11,405.70. Following the completion of the transaction, the chief financial officer now owns 614,260 shares in the company, valued at approximately $1,781,354. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Honest Price Performance

Shares of NASDAQ HNST opened at $2.74 on Thursday. The business has a fifty day moving average price of $3.39 and a two-hundred day moving average price of $3.41. The stock has a market capitalization of $253.92 million, a PE ratio of -5.48 and a beta of 0.48. The Honest Company, Inc. has a fifty-two week low of $2.54 and a fifty-two week high of $8.85.

Analyst Ratings Changes

Several brokerages have issued reports on HNST. Morgan Stanley cut their price objective on shares of Honest from $4.00 to $3.75 and set an “equal weight” rating for the company in a research report on Friday, November 11th. JPMorgan Chase & Co. reduced their price target on Honest from $6.00 to $5.00 and set an “overweight” rating for the company in a research note on Thursday, October 13th. Finally, Telsey Advisory Group lowered their price objective on Honest from $8.00 to $6.00 and set an “outperform” rating on the stock in a research report on Friday, November 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Honest presently has a consensus rating of “Hold” and a consensus price target of $4.88.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HNST. Nisa Investment Advisors LLC bought a new stake in Honest during the first quarter worth about $36,000. Envestnet Asset Management Inc. increased its holdings in Honest by 20.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 98,748 shares of the company’s stock valued at $514,000 after buying an additional 16,529 shares during the period. New York State Common Retirement Fund raised its position in shares of Honest by 41.5% in the 1st quarter. New York State Common Retirement Fund now owns 65,245 shares of the company’s stock valued at $340,000 after buying an additional 19,140 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Honest by 8.4% during the 1st quarter. Swiss National Bank now owns 64,600 shares of the company’s stock worth $337,000 after acquiring an additional 5,000 shares during the period. Finally, Aaron Wealth Advisors LLC acquired a new stake in shares of Honest during the 1st quarter worth approximately $2,938,000. Institutional investors own 43.79% of the company’s stock.

Honest Company Profile

(Get Rating)

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.

See Also

Insider Buying and Selling by Quarter for Honest (NASDAQ:HNST)

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