Insider Selling: The Honest Company, Inc. (NASDAQ:HNST) General Counsel Sells 92,138 Shares of Stock

The Honest Company, Inc. (NASDAQ:HNST) General Counsel Brendan Sheehey sold 92,138 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $8.13, for a total transaction of $749,081.94. Following the transaction, the general counsel now owns 516,816 shares of the company’s stock, valued at approximately $4,201,714.08. The trade was a 15.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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 Performance

NASDAQ HNST traded up $0.11 during trading hours on Friday, reaching $8.29. The company’s stock had a trading volume of 2,737,152 shares, compared to its average volume of 1,547,200. The company’s 50-day moving average is $4.68 and its two-hundred day moving average is $3.83. The Honest Company, Inc. has a fifty-two week low of $2.02 and a fifty-two week high of $8.97. The stock has a market cap of $836.96 million, a PE ratio of -207.25 and a beta of 1.85.

Institutional Trading of Honest

Several large investors have recently modified their holdings of HNST. Dynamic Technology Lab Private Ltd lifted its stake in Honest by 7.1% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 80,544 shares of the company’s stock valued at $288,000 after buying an additional 5,330 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Honest by 3.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 225,567 shares of the company’s stock valued at $805,000 after acquiring an additional 7,379 shares in the last quarter. XTX Topco Ltd lifted its position in shares of Honest by 6.4% in the second quarter. XTX Topco Ltd now owns 137,797 shares of the company’s stock valued at $402,000 after acquiring an additional 8,282 shares in the last quarter. Zacks Investment Management acquired a new stake in shares of Honest during the third quarter valued at $37,000. Finally, Creative Planning purchased a new stake in Honest during the 3rd quarter worth about $39,000. 45.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HNST has been the subject of a number of analyst reports. Alliance Global Partners increased their target price on Honest from $5.75 to $8.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Northland Securities increased their price objective on Honest from $6.50 to $7.50 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Telsey Advisory Group boosted their target price 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. Northland Capmk upgraded shares of Honest to a “strong-buy” rating in a report on Tuesday, August 6th. Finally, B. Riley boosted their price objective on shares of Honest from $6.50 to $7.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.