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

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

Honest Stock Up 5.4 %

Shares of NASDAQ:HNST opened at $7.65 on Friday. The business has a 50 day moving average price of $4.24 and a 200 day moving average price of $3.64. The company has a market cap of $771.84 million, a price-to-earnings ratio of -191.13 and a beta of 1.85. The Honest Company, Inc. has a twelve month low of $1.57 and a twelve month high of $7.80.

Hedge Funds Weigh In On Honest

A number of institutional investors and hedge funds have recently bought and sold shares of HNST. Dynamic Technology Lab Private Ltd increased its holdings in shares of Honest by 7.1% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 80,544 shares of the company’s stock worth $288,000 after purchasing an additional 5,330 shares during the period. EntryPoint Capital LLC bought a new position in Honest during the first quarter valued at about $27,000. Charles Schwab Investment Management Inc. raised its holdings in Honest by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 225,567 shares of the company’s stock valued at $805,000 after acquiring an additional 7,379 shares in the last quarter. XTX Topco Ltd raised its holdings in Honest by 6.4% in the 2nd quarter. XTX Topco Ltd now owns 137,797 shares of the company’s stock valued at $402,000 after acquiring an additional 8,282 shares in the last quarter. Finally, Zacks Investment Management bought a new stake in shares of Honest in the 3rd quarter worth approximately $37,000. Institutional investors own 45.54% of the company’s stock.

Analyst Ratings Changes

HNST has been the subject of several research reports. B. Riley boosted their price objective 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. Northland Securities upped their price target on shares of Honest from $6.50 to $7.50 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Telsey Advisory Group boosted their target price 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 raised their price target on Honest from $5.75 to $8.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Northland Capmk raised Honest to a “strong-buy” rating in a research note on Tuesday, August 6th. Two equities research 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. Based on data from MarketBeat, Honest currently 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.