The Honest Company, Inc. (NASDAQ:HNST) General Counsel Sells $749,081.94 in Stock

The Honest Company, Inc. (NASDAQ:HNST) General Counsel Brendan Sheehey sold 92,138 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $8.13, for a total transaction of $749,081.94. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, November 18th, Brendan Sheehey sold 107,653 shares of Honest stock. The shares were 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 Price Performance

Shares of HNST opened at $8.29 on Monday. The firm has a 50 day simple moving average of $4.77 and a 200-day simple moving average of $3.87. The Honest Company, Inc. has a 1-year low of $2.02 and a 1-year high of $8.97. The stock has a market cap of $836.97 million, a price-to-earnings ratio of -207.25 and a beta of 1.85.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HNST. Zacks Investment Management purchased a new position in shares of Honest during the 3rd quarter worth approximately $37,000. Creative Planning purchased a new stake in Honest in the 3rd quarter worth approximately $39,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Honest in the 3rd quarter worth approximately $40,000. Panagora Asset Management Inc. purchased a new stake in Honest in the 2nd quarter worth approximately $43,000. Finally, Lazard Asset Management LLC purchased a new stake in Honest in the 1st quarter worth approximately $52,000. 45.54% of the stock is owned by hedge funds and other institutional investors.

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.