Insider Selling: The Honest Company, Inc. (NASDAQ:HNST) EVP Sells $50,573.30 in Stock

The Honest Company, Inc. (NASDAQ:HNST) EVP Stephen Winchell sold 7,123 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $7.10, for a total transaction of $50,573.30. Following the transaction, the executive vice president now directly owns 382,613 shares in the company, valued at $2,716,552.30. The trade was a 1.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Honest Trading Down 1.0 %

Shares of HNST stock opened at $7.25 on Thursday. The Honest Company, Inc. has a 12 month low of $1.57 and a 12 month high of $7.57. The stock has a 50 day moving average of $4.16 and a two-hundred day moving average of $3.61.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. B. Riley upped their price objective on Honest from $6.50 to $7.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Telsey Advisory Group lifted their price objective on shares of Honest from $4.00 to $6.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Northland Capmk raised shares of Honest to a “strong-buy” rating in a research note on Tuesday, August 6th. Alliance Global Partners upped their price target on shares of Honest from $5.75 to $8.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Northland Securities raised their price objective on shares of Honest from $6.50 to $7.50 and gave the company an “outperform” rating in a research note 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.com, Honest has a consensus rating of “Moderate Buy” and a consensus target price of $5.93.

Institutional Investors Weigh In On Honest

A number of hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC grew its holdings in Honest by 117.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,568,000 shares of the company’s stock worth $4,579,000 after acquiring an additional 846,300 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Honest by 1,504.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 851,436 shares of the company’s stock worth $3,040,000 after purchasing an additional 798,384 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Honest by 706.1% in the 2nd quarter. Acadian Asset Management LLC now owns 716,332 shares of the company’s stock valued at $2,088,000 after acquiring an additional 627,464 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of 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 buying an additional 382,418 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Honest by 216.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 545,323 shares of the company’s stock worth $1,947,000 after buying an additional 372,749 shares during the period. Institutional investors and hedge funds own 45.54% of the company’s stock.

About Honest

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.