The Honest Company, Inc. (NASDAQ:HNST) General Counsel Sells $59,583.20 in Stock

The Honest Company, Inc. (NASDAQ:HNST) General Counsel Brendan Sheehey sold 8,392 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $7.10, for a total transaction of $59,583.20. Following the completion of the transaction, the general counsel now owns 516,816 shares in the company, valued at approximately $3,669,393.60. The trade was a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, November 18th, Brendan Sheehey sold 107,653 shares of Honest stock. The stock was sold at an average price of $7.01, for a total transaction of $754,647.53.

Honest Stock Performance

NASDAQ:HNST opened at $8.15 on Friday. The Honest Company, Inc. has a 52 week low of $1.83 and a 52 week high of $8.29. The stock’s fifty day moving average is $4.32 and its two-hundred day moving average is $3.68.

Institutional Investors Weigh In On Honest

Institutional investors have recently added to or reduced their stakes in the business. ArrowMark Colorado Holdings LLC increased its holdings in shares of Honest by 6.4% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 3,163,968 shares of the company’s stock valued at $11,295,000 after acquiring an additional 191,547 shares during the period. Vanguard Group Inc. raised its stake in shares of 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 buying an additional 268,600 shares in the last quarter. Geode Capital Management LLC grew its holdings in Honest by 3.8% during the third quarter. Geode Capital Management LLC now owns 1,811,621 shares of the company’s stock worth $6,468,000 after acquiring an additional 65,995 shares during the period. Renaissance Technologies LLC grew its stake in shares of 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 purchasing an additional 846,300 shares during the period. Finally, State Street Corp increased its holdings in shares of Honest by 23.0% in the 3rd quarter. State Street Corp now owns 1,181,469 shares of the company’s stock valued at $4,218,000 after purchasing an additional 220,699 shares in the last quarter. Hedge funds and other institutional investors own 45.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HNST. Northland Securities raised their price target on shares of Honest from $6.50 to $7.50 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Telsey Advisory Group lifted their price target on Honest from $4.00 to $6.00 and gave the company a “market perform” rating in a research note on Wednesday, November 13th. Alliance Global Partners boosted their target price 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. B. Riley raised their price target on shares of Honest from $6.50 to $7.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Northland Capmk upgraded shares of Honest to a “strong-buy” rating in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.