Insider Selling: Honest (NASDAQ:HNST) SVP Sells $30,743.39 in Stock

The Honest Company, Inc. (NASDAQ:HNST) SVP Jonathan Mayle sold 6,161 shares of Honest stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $4.99, for a total value of $30,743.39. Following the completion of the sale, the senior vice president directly owned 363,994 shares in the company, valued at $1,816,330.06. This represents a 1.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jonathan Mayle also recently made the following trade(s):

• On Monday, August 10th, Jonathan Mayle sold 79,000 shares of Honest stock. The shares were sold at an average price of $5.22, for a total value of $412,380.00.

Honest Stock Up 3.8%

Honest stock opened at $5.72 on Thursday. The Honest Company, Inc. has a 52-week low of $2.07 and a 52-week high of $5.91. The firm has a market capitalization of $629.66 million, a price-to-earnings ratio of -52.00 and a beta of 2.12. The company has a fifty day simple moving average of $4.20 and a 200-day simple moving average of $3.44.

Honest (NASDAQ:HNST) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. The firm had revenue of $80.19 million for the quarter, compared to the consensus estimate of $77.83 million. Honest had a negative net margin of 3.56% and a positive return on equity of 4.31%. On average, research analysts anticipate that The Honest Company, Inc. will post 0.05 EPS for the current fiscal year.

Institutional Trading of Honest

Several institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Honest by 6.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,916 shares of the company’s stock worth $235,000 after buying an additional 3,210 shares during the period. Millennium Management LLC increased its position in shares of Honest by 16.4% during the first quarter. Millennium Management LLC now owns 1,936,846 shares of the company’s stock valued at $9,103,000 after acquiring an additional 272,765 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Honest by 18.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,064,179 shares of the company’s stock valued at $5,002,000 after acquiring an additional 163,380 shares during the period. Creative Planning raised its stake in shares of Honest by 183.2% in the 2nd quarter. Creative Planning now owns 64,942 shares of the company’s stock valued at $331,000 after acquiring an additional 42,008 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Honest by 18.1% in the 2nd quarter. Rhumbline Advisers now owns 134,690 shares of the company’s stock worth $686,000 after acquiring an additional 20,603 shares during the last quarter. 45.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on HNST shares. Wall Street Zen upgraded Honest from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Alliance Global Partners reiterated a “buy” rating on shares of Honest in a research report on Thursday, August 6th. B. Riley Financial boosted their price objective on Honest from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings raised shares of Honest from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Finally, Morgan Stanley raised their price objective on shares of Honest from $3.40 to $5.70 and gave the stock an “equal weight” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Honest currently has an average rating of “Hold” and an average target price of $4.84.

Honest Company Profile

The Honest Company, Inc (NASDAQ: HNST) is an American consumer goods firm specializing in eco-friendly and responsibly formulated products for babies, personal care, beauty and home cleaning. The company emphasizes transparency in ingredient sourcing and product safety, positioning itself in the premium segment of mass-market retail and direct-to-consumer channels.

Honest was founded in 2011 by actress Jessica Alba and environmental health advocate Christopher Gavigan with a mission to offer parents household and baby care items free from harsh chemicals and synthetic fragrances.