Insider Selling: The Honest Company, Inc. (NASDAQ:HNST) Director Sells 25,000 Shares of Stock

The Honest Company, Inc. (NASDAQ:HNST) Director James D. White sold 25,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $7.19, for a total transaction of $179,750.00. Following the transaction, the director now directly owns 284,244 shares of the company’s stock, valued at $2,043,714.36. The trade was a 8.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Honest Stock Up 6.5 %

Shares of NASDAQ:HNST opened at $8.15 on Friday. The Honest Company, Inc. has a fifty-two week low of $1.83 and a fifty-two week high of $8.29. The firm’s 50 day moving average price is $4.32 and its 200 day moving average price is $3.68.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Honest

Hedge funds and other institutional investors have recently bought and sold shares of the company. ArrowMark Colorado Holdings LLC raised its stake in shares of Honest by 6.4% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 3,163,968 shares of the company’s stock worth $11,295,000 after buying an additional 191,547 shares during the last quarter. Vanguard Group Inc. grew its holdings in 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 buying an additional 268,600 shares during the period. Geode Capital Management LLC grew its holdings in Honest by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,811,621 shares of the company’s stock valued at $6,468,000 after buying an additional 65,995 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Honest by 117.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,568,000 shares of the company’s stock worth $4,579,000 after purchasing an additional 846,300 shares during the period. Finally, State Street Corp grew its holdings in shares of Honest by 23.0% during the 3rd quarter. State Street Corp now owns 1,181,469 shares of the company’s stock worth $4,218,000 after purchasing an additional 220,699 shares during the period. 45.54% of the stock is currently owned by hedge funds and other institutional investors.

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.