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 Honest stock in a transaction on Monday, November 18th. The shares were sold at an average price of $7.01, for a total value 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. The trade was a 17.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, November 20th, Brendan Sheehey sold 8,392 shares of Honest stock. The stock was sold at an average price of $7.10, for a total value of $59,583.20.

Honest Trading Down 1.0 %

Shares of NASDAQ:HNST traded down $0.07 during trading on Wednesday, reaching $7.25. The stock had a trading volume of 3,302,844 shares, compared to its average volume of 1,464,393. The firm’s 50-day simple moving average is $4.16 and its 200 day simple moving average is $3.61. The company has a market capitalization of $731.97 million, a P/E ratio of -181.25 and a beta of 1.85. The Honest Company, Inc. has a one year low of $1.57 and a one year high of $7.57.

Institutional Trading of Honest

A number of institutional investors have recently bought and sold shares of HNST. Harbor Capital Advisors Inc. raised its position in Honest by 122.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 219,697 shares of the company’s stock worth $784,000 after buying an additional 120,937 shares during the last quarter. Mainstream Capital Management LLC acquired a new stake in Honest in the 3rd quarter valued at $843,000. Inspire Investing LLC acquired a new stake in Honest in the 3rd quarter valued at $806,000. Dimensional Fund Advisors LP grew its stake in Honest by 68.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 943,618 shares of the company’s stock valued at $2,755,000 after acquiring an additional 382,418 shares during the period. Finally, Vanguard Group Inc. grew its stake 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 acquiring an additional 268,600 shares during the period. 45.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HNST. Alliance Global Partners boosted their price target on Honest from $5.75 to $8.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Northland Capmk raised shares of Honest to a “strong-buy” rating in a research note on Tuesday, August 6th. Telsey Advisory Group increased their price target on Honest from $4.00 to $6.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. B. Riley raised their price objective on Honest from $6.50 to $7.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Northland Securities raised their price target on shares of Honest from $6.50 to $7.50 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. 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’s stock. According to data from MarketBeat, the stock currently 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.