The Honest Company, Inc. (NASDAQ:HNST) Shares Purchased by Wade G W & Inc.

Wade G W & Inc. increased its stake in shares of The Honest Company, Inc. (NASDAQ:HNSTFree Report) by 69.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 185,605 shares of the company’s stock after buying an additional 75,935 shares during the quarter. Wade G W & Inc. owned about 0.20% of Honest worth $234,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in HNST. Virtu Financial LLC acquired a new stake in shares of Honest in the 2nd quarter valued at approximately $58,000. Institutional Venture Management XIII LLC lifted its stake in shares of Honest by 0.5% in the second quarter. Institutional Venture Management XIII LLC now owns 10,474,637 shares of the company’s stock valued at $17,597,000 after purchasing an additional 56,978 shares during the period. ArrowMark Colorado Holdings LLC lifted its stake in shares of Honest by 34.9% in the second quarter. ArrowMark Colorado Holdings LLC now owns 2,746,206 shares of the company’s stock valued at $4,614,000 after purchasing an additional 711,206 shares during the period. Green Alpha Advisors LLC boosted its holdings in Honest by 909.2% during the third quarter. Green Alpha Advisors LLC now owns 252,295 shares of the company’s stock worth $318,000 after buying an additional 227,295 shares in the last quarter. Finally, Portolan Capital Management LLC grew its position in Honest by 25.1% during the second quarter. Portolan Capital Management LLC now owns 5,825,650 shares of the company’s stock worth $9,787,000 after buying an additional 1,169,952 shares during the period. Institutional investors and hedge funds own 37.11% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Venture Manageme Institutional sold 64,196 shares of Honest stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $1.41, for a total value of $90,516.36. Following the transaction, the insider now directly owns 10,047,728 shares of the company’s stock, valued at approximately $14,167,296.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Jessica Warren sold 50,659 shares of the stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $2.94, for a total value of $148,937.46. Following the completion of the sale, the insider now directly owns 965,067 shares in the company, valued at approximately $2,837,296.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Venture Manageme Institutional sold 64,196 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $1.41, for a total value of $90,516.36. Following the completion of the transaction, the insider now directly owns 10,047,728 shares in the company, valued at $14,167,296.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 375,783 shares of company stock valued at $646,287. 14.60% of the stock is currently owned by company insiders.

Honest Trading Up 2.4 %

Honest stock opened at $3.46 on Friday. The stock has a fifty day moving average price of $2.91 and a 200 day moving average price of $1.93. The Honest Company, Inc. has a 52 week low of $1.06 and a 52 week high of $3.51. The firm has a market capitalization of $330.33 million, a P/E ratio of -6.07 and a beta of 1.73.

Honest (NASDAQ:HNSTGet Free Report) last released its earnings results on Wednesday, November 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.03. Honest had a negative net margin of 15.77% and a negative return on equity of 35.11%. The business had revenue of $86.17 million for the quarter, compared to analysts’ expectations of $81.06 million. As a group, equities analysts predict that The Honest Company, Inc. will post -0.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners assumed coverage on Honest in a report on Tuesday. They issued a “buy” rating and a $5.75 target price on the stock.

View Our Latest Research Report on HNST

Honest Profile

(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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Institutional Ownership by Quarter for Honest (NASDAQ:HNST)

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