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 dated Wednesday, November 27th. The shares were sold at an average price of $8.13, for a total value of $749,081.94. Following the completion of the sale, the general counsel now directly owns 516,816 shares in the company, valued at $4,201,714.08. This represents a 15.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, November 18th, Brendan Sheehey sold 107,653 shares of Honest stock. The stock was sold at an average price of $7.01, for a total transaction 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 transaction of $59,583.20.

Honest Stock Up 1.3 %

HNST traded up $0.11 during trading on Friday, hitting $8.29. 2,737,152 shares of the stock were exchanged, compared to its average volume of 1,547,200. The Honest Company, Inc. has a 1-year low of $2.02 and a 1-year high of $8.97. The stock has a fifty day moving average price of $4.68 and a two-hundred day moving average price of $3.83. The firm has a market capitalization of $836.96 million, a P/E ratio of -207.25 and a beta of 1.85.

Hedge Funds Weigh In On Honest

Institutional investors have recently modified their holdings of the business. Franklin Resources Inc. purchased a new position in Honest during the 3rd quarter worth $164,000. Virtu Financial LLC acquired a new stake in shares of Honest during the third quarter worth about $219,000. Barclays PLC grew its holdings in shares of Honest by 298.9% during the third quarter. Barclays PLC now owns 110,386 shares of the company’s stock worth $394,000 after buying an additional 82,713 shares during the last quarter. Geode Capital Management LLC increased its position 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 acquiring an additional 65,995 shares during the period. Finally, XTX Topco Ltd raised its stake in Honest by 14.2% during the 3rd quarter. XTX Topco Ltd now owns 157,363 shares of the company’s stock valued at $562,000 after acquiring an additional 19,566 shares during the last quarter. 45.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Northland Capmk upgraded shares of Honest to a “strong-buy” rating in a research note on Tuesday, August 6th. Telsey Advisory Group upped their price objective on Honest from $4.00 to $6.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 13th. B. Riley raised their target price on Honest from $6.50 to $7.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Alliance Global Partners upped their price target on Honest from $5.75 to $8.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Northland Securities raised their price objective on shares of Honest from $6.50 to $7.50 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Two research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.