Blue Apron Holdings, Inc. (NYSE:APRN) major shareholder First Round Capital Iv Partner sold 189,819 shares of Blue Apron Holdings stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $3.04, for a total transaction of $577,049.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

First Round Capital Iv Partner also recently made the following trade(s):

  • On Thursday, November 16th, First Round Capital Iv Partner sold 104,139 shares of Blue Apron Holdings stock. The shares were sold at an average price of $3.08, for a total transaction of $320,748.12.
  • On Tuesday, November 14th, First Round Capital Iv Partner sold 110,482 shares of Blue Apron Holdings stock. The stock was sold at an average price of $3.07, for a total transaction of $339,179.74.

Blue Apron Holdings, Inc. (NYSE APRN) opened at $2.97 on Thursday. The company has a quick ratio of 2.73, a current ratio of 3.15 and a debt-to-equity ratio of 0.48. Blue Apron Holdings, Inc. has a 52-week low of $2.94 and a 52-week high of $11.00.

Blue Apron Holdings (NYSE:APRN) last released its earnings results on Thursday, November 2nd. The company reported ($0.47) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.43) by ($0.04). The business had revenue of $210.60 million for the quarter, compared to analysts’ expectations of $191.47 million. Blue Apron Holdings’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the company posted ($0.56) earnings per share. equities analysts forecast that Blue Apron Holdings, Inc. will post -1.65 earnings per share for the current fiscal year.

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A number of equities research analysts recently issued reports on APRN shares. Canaccord Genuity decreased their price objective on shares of Blue Apron Holdings from $14.00 to $11.00 and set a “buy” rating for the company in a report on Friday, August 11th. Needham & Company LLC reiterated a “buy” rating and issued a $6.50 price objective (down from $10.00) on shares of Blue Apron Holdings in a report on Friday, August 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $8.00 price objective (down from $10.00) on shares of Blue Apron Holdings in a report on Friday, August 11th. Guggenheim started coverage on shares of Blue Apron Holdings in a report on Monday, September 25th. They issued a “buy” rating and a $9.00 price objective for the company. Finally, Barclays PLC decreased their price objective on shares of Blue Apron Holdings from $7.00 to $5.00 and set an “equal weight” rating for the company in a report on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $7.12.

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new position in shares of Blue Apron Holdings during the second quarter valued at about $31,439,000. Balyasny Asset Management LLC acquired a new position in shares of Blue Apron Holdings during the second quarter valued at about $584,000. Capital World Investors acquired a new position in shares of Blue Apron Holdings during the second quarter valued at about $36,476,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Blue Apron Holdings during the second quarter valued at about $220,000. Finally, Tudor Investment Corp ET AL acquired a new position in shares of Blue Apron Holdings during the second quarter valued at about $664,000. 92.53% of the stock is owned by institutional investors and hedge funds.

About Blue Apron Holdings

Blue Apron Holdings, Inc is a holding company. The Company is focused on providing recipes and fresh ingredients for making home cooking accessible. The Company offers under a novel business model in which it source, process, store and package meal ingredients and ship them directly to consumers. The Company’s core products include Meals and Wine.

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