The Honest Company, Inc. (NASDAQ:HNST) General Counsel Brendan Sheehey Sells 92,138 Shares

The Honest Company, Inc. (NASDAQ:HNST) General Counsel Brendan Sheehey sold 92,138 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $8.13, for a total value of $749,081.94. Following the completion of the transaction, the general counsel now directly owns 516,816 shares of the company’s stock, valued at approximately $4,201,714.08. The trade was a 15.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Brendan Sheehey also recently made the following trade(s):

• On Monday, November 18th, Brendan Sheehey sold 107,653 shares of Honest stock. The shares were sold at an average price of $7.01, for a total value of $754,647.53.
• On Wednesday, November 20th, Brendan Sheehey sold 8,392 shares of Honest stock. The shares were sold at an average price of $7.10, for a total value of $59,583.20.

Honest Price Performance

Shares of Honest stock opened at $8.29 on Friday. The firm has a 50 day simple moving average of $4.68 and a 200 day simple moving average of $3.83. The Honest Company, Inc. has a fifty-two week low of $2.02 and a fifty-two week high of $8.97. The firm has a market cap of $836.96 million, a P/E ratio of -207.25 and a beta of 1.85.

Institutional Investors Weigh In On Honest

A number of institutional investors and hedge funds have recently made changes to their positions in HNST. ArrowMark Colorado Holdings LLC increased its position in Honest by 6.4% in the third quarter. ArrowMark Colorado Holdings LLC now owns 3,163,968 shares of the company’s stock worth $11,295,000 after purchasing an additional 191,547 shares during the period. Vanguard Group Inc. boosted its stake in shares of Honest by 10.4% in the 1st quarter. Vanguard Group Inc. now owns 2,851,501 shares of the company’s stock valued at $11,549,000 after purchasing an additional 268,600 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Honest by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,811,621 shares of the company’s stock worth $6,468,000 after buying an additional 65,995 shares during the period. Renaissance Technologies LLC raised its stake in shares of Honest by 117.3% during the second quarter. Renaissance Technologies LLC now owns 1,568,000 shares of the company’s stock worth $4,579,000 after buying an additional 846,300 shares during the last quarter. Finally, State Street Corp lifted its holdings in Honest by 23.0% in the third quarter. State Street Corp now owns 1,181,469 shares of the company’s stock valued at $4,218,000 after buying an additional 220,699 shares during the period. Institutional investors own 45.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HNST. Alliance Global Partners increased their target price on shares of Honest from $5.75 to $8.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Northland Capmk raised shares of Honest to a “strong-buy” rating in a report on Tuesday, August 6th. Northland Securities boosted their target price on Honest from $6.50 to $7.50 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Telsey Advisory Group raised their price target on Honest from $4.00 to $6.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. Finally, B. Riley boosted their price objective on Honest from $6.50 to $7.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5.93.

Honest Company Profile

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.