The Honest Company, Inc. (NASDAQ:HNST) CEO Carla Vernon Sells 65,176 Shares

The Honest Company, Inc. (NASDAQ:HNST) CEO Carla Vernon sold 65,176 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $7.10, for a total transaction of $462,749.60. Following the completion of the transaction, the chief executive officer now owns 2,763,143 shares of the company’s stock, valued at $19,618,315.30. This trade represents a 2.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Honest Stock Down 1.0 %

Shares of NASDAQ HNST traded down $0.07 during trading on Wednesday, reaching $7.25. 3,302,844 shares of the company traded hands, compared to its average volume of 1,464,393. The firm has a 50 day simple moving average of $4.16 and a 200-day simple moving average of $3.61. The stock has a market capitalization of $731.97 million, a PE ratio of -181.25 and a beta of 1.85. The Honest Company, Inc. has a 52-week low of $1.57 and a 52-week high of $7.57.

Analyst Upgrades and Downgrades

HNST has been the subject of several recent research reports. Alliance Global Partners lifted their target price on shares of Honest from $5.75 to $8.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Telsey Advisory Group increased their target price on Honest from $4.00 to $6.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 13th. Northland Capmk raised Honest to a “strong-buy” rating in a research note on Tuesday, August 6th. Northland Securities increased their target price on Honest from $6.50 to $7.50 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, B. Riley increased their target price on Honest from $6.50 to $7.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $5.93.

Institutional Trading of Honest

A number of institutional investors have recently made changes to their positions in the stock. ArrowMark Colorado Holdings LLC raised its stake in Honest by 6.4% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 3,163,968 shares of the company’s stock worth $11,295,000 after acquiring an additional 191,547 shares during the period. Vanguard Group Inc. raised its stake in Honest by 10.4% during the 1st quarter. Vanguard Group Inc. now owns 2,851,501 shares of the company’s stock worth $11,549,000 after acquiring an additional 268,600 shares during the period. Geode Capital Management LLC raised its position in shares of Honest by 3.8% during the third quarter. Geode Capital Management LLC now owns 1,811,621 shares of the company’s stock valued at $6,468,000 after buying an additional 65,995 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Honest by 117.3% during the second quarter. Renaissance Technologies LLC now owns 1,568,000 shares of the company’s stock valued at $4,579,000 after buying an additional 846,300 shares during the last quarter. Finally, State Street Corp raised its position in shares of Honest by 23.0% during the third quarter. State Street Corp now owns 1,181,469 shares of the company’s stock valued at $4,218,000 after buying an additional 220,699 shares during the last quarter. Hedge funds and other institutional investors own 45.54% of the company’s stock.

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.