The Honest Company, Inc. (NASDAQ:HNST) General Counsel Sells $754,647.53 in Stock

The Honest Company, Inc. (NASDAQ:HNST) General Counsel Brendan Sheehey sold 107,653 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $7.01, for a total transaction of $754,647.53. Following the transaction, the general counsel now directly owns 517,861 shares of the company’s stock, valued at approximately $3,630,205.61. This represents a 17.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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 Trading Down 1.0 %

Shares of Honest stock opened at $7.25 on Thursday. The business’s 50-day moving average price is $4.16 and its 200-day moving average price is $3.61. The Honest Company, Inc. has a 12 month low of $1.57 and a 12 month high of $7.57.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HNST. ArrowMark Colorado Holdings LLC lifted its holdings in shares of Honest by 6.4% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 3,163,968 shares of the company’s stock worth $11,295,000 after acquiring an additional 191,547 shares during the last quarter. Vanguard Group Inc. lifted its stake in Honest by 10.4% in the first quarter. Vanguard Group Inc. now owns 2,851,501 shares of the company’s stock worth $11,549,000 after purchasing an additional 268,600 shares during the last quarter. Geode Capital Management LLC boosted its position in Honest by 3.8% during the third 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 boosted its position in Honest by 117.3% during the second quarter. Renaissance Technologies LLC now owns 1,568,000 shares of the company’s stock valued at $4,579,000 after buying an additional 846,300 shares during the period. Finally, State Street Corp grew its stake in shares of Honest by 23.0% during 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 last quarter. 45.54% of the stock is currently owned by 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.