Brendan Sheehey Sells 107,653 Shares of The Honest Company, Inc. (NASDAQ:HNST) Stock

The Honest Company, Inc. (NASDAQ:HNST) General Counsel Brendan Sheehey sold 107,653 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $7.01, for a total transaction of $754,647.53. Following the completion of the transaction, the general counsel now owns 517,861 shares of the company’s stock, valued at $3,630,205.61. This represents a 17.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 Trading Down 1.0 %

Shares of NASDAQ HNST traded down $0.07 on Wednesday, reaching $7.25. 3,302,844 shares of the company traded hands, compared to its average volume of 1,464,393. 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 fifty-two week low of $1.57 and a fifty-two week high of $7.57. The company has a 50 day moving average of $4.16 and a 200 day moving average of $3.61.

Institutional Trading of Honest

A number of institutional investors and hedge funds have recently made changes to their positions in HNST. Virtu Financial LLC acquired a new stake in Honest in the third quarter valued at $219,000. Barclays PLC grew its position in Honest by 298.9% in the 3rd quarter. Barclays PLC now owns 110,386 shares of the company’s stock valued at $394,000 after buying an additional 82,713 shares in the last quarter. Geode Capital Management LLC grew its position in Honest by 3.8% in the 3rd 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 in the last quarter. XTX Topco Ltd lifted its holdings in Honest by 14.2% in the 3rd quarter. XTX Topco Ltd now owns 157,363 shares of the company’s stock valued at $562,000 after acquiring an additional 19,566 shares during the last quarter. Finally, Zacks Investment Management acquired a new stake in Honest in the 3rd quarter valued at about $37,000. 45.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HNST. B. Riley raised their price objective 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. Telsey Advisory Group boosted their price target on Honest from $4.00 to $6.00 and gave the stock a “market perform” rating in a report on Wednesday, November 13th. Northland Capmk raised Honest to a “strong-buy” rating in a research note on Tuesday, August 6th. Alliance Global Partners boosted their target price on shares of Honest from $5.75 to $8.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Northland Securities lifted their price target on shares of Honest from $6.50 to $7.50 and gave the stock an “outperform” 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $5.93.

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.