Insider Selling: The Honest Company, Inc. (NASDAQ:HNST) CEO Sells $50,245.40 in Stock

The Honest Company, Inc. (NASDAQ:HNSTGet Rating) CEO Nikolaos A. Vlahos sold 17,326 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $2.90, for a total transaction of $50,245.40. Following the transaction, the chief executive officer now directly owns 1,246,728 shares of the company’s stock, valued at approximately $3,615,511.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Honest Stock Performance

NASDAQ:HNST opened at $2.74 on Friday. The Honest Company, Inc. has a 52 week low of $2.54 and a 52 week high of $8.85. The company has a fifty day simple moving average of $3.36 and a two-hundred day simple moving average of $3.40.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Honest by 2.8% in the 3rd quarter. BlackRock Inc. now owns 4,582,708 shares of the company’s stock valued at $16,040,000 after purchasing an additional 125,362 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Honest by 386.1% during the second quarter. Renaissance Technologies LLC now owns 1,759,900 shares of the company’s stock worth $5,139,000 after buying an additional 1,397,880 shares during the period. State Street Corp raised its holdings in Honest by 12.2% in the first quarter. State Street Corp now owns 1,331,813 shares of the company’s stock valued at $6,939,000 after acquiring an additional 144,561 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Honest by 1.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,281,557 shares of the company’s stock valued at $4,485,000 after acquiring an additional 17,105 shares in the last quarter. Finally, Portolan Capital Management LLC purchased a new position in Honest in the third quarter worth approximately $4,175,000. 43.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on HNST. Morgan Stanley decreased their price target on Honest from $4.00 to $3.75 and set an “equal weight” rating on the stock in a research note on Friday, November 11th. JPMorgan Chase & Co. decreased their target price on Honest from $6.00 to $5.00 and set an “overweight” rating on the stock in a research note on Thursday, October 13th. Finally, Telsey Advisory Group dropped their target price on Honest from $8.00 to $6.00 and set an “outperform” rating for the company in a research report on Friday, November 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $4.88.

About Honest

(Get Rating)

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.

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Insider Buying and Selling by Quarter for Honest (NASDAQ:HNST)

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