The Honest Company, Inc. (NASDAQ:HNST) General Counsel Brendan Sheehey Sells 92,138 Shares of Stock

The Honest Company, Inc. (NASDAQ:HNST) General Counsel Brendan Sheehey sold 92,138 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $8.13, for a total transaction of $749,081.94. Following the transaction, the general counsel now owns 516,816 shares in the company, valued at approximately $4,201,714.08. This trade represents a 15.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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.
• 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 value of $59,583.20.

Honest Price Performance

Shares of Honest stock opened at $8.29 on Friday. The company has a market cap of $836.96 million, a PE ratio of -207.25 and a beta of 1.85. The firm has a fifty day moving average price of $4.68 and a two-hundred day moving average price of $3.83. The Honest Company, Inc. has a fifty-two week low of $2.02 and a fifty-two week high of $8.97.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HNST. Northland Securities increased their price objective on Honest from $6.50 to $7.50 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Alliance Global Partners lifted their price target 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. B. Riley upped their price objective on shares of Honest from $6.50 to $7.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Northland Capmk upgraded shares of Honest to a “strong-buy” rating in a report on Tuesday, August 6th. Finally, Telsey Advisory Group upped their price target on shares of Honest from $4.00 to $6.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $5.93.

Institutional Investors Weigh In On Honest

Several hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. bought a new position in Honest during the third quarter valued at about $164,000. Virtu Financial LLC bought a new stake in shares of Honest during the third quarter valued at approximately $219,000. Barclays PLC raised its stake in shares of Honest by 298.9% in the third quarter. Barclays PLC now owns 110,386 shares of the company’s stock valued at $394,000 after purchasing an additional 82,713 shares in the last quarter. Geode Capital Management LLC lifted its position in Honest by 3.8% in the third quarter. Geode Capital Management LLC now owns 1,811,621 shares of the company’s stock worth $6,468,000 after purchasing an additional 65,995 shares during the period. Finally, XTX Topco Ltd boosted its stake in Honest by 14.2% during the third quarter. XTX Topco Ltd now owns 157,363 shares of the company’s stock worth $562,000 after buying an additional 19,566 shares in the last quarter. Institutional investors own 45.54% of the company’s stock.

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.