ArrowMark Colorado Holdings LLC decreased its position in shares of The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 19.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,548,546 shares of the company's stock after selling 615,422 shares during the quarter. ArrowMark Colorado Holdings LLC owned about 2.52% of Honest worth $17,661,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of HNST. Valmark Advisers Inc. lifted its position in Honest by 1.7% in the 4th quarter. Valmark Advisers Inc. now owns 163,015 shares of the company's stock valued at $1,130,000 after acquiring an additional 2,735 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Honest during the fourth quarter worth $26,000. Legal & General Group Plc grew its holdings in Honest by 30.1% during the fourth quarter. Legal & General Group Plc now owns 26,571 shares of the company's stock worth $184,000 after buying an additional 6,146 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in Honest in the 4th quarter valued at $52,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Honest by 30.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,489 shares of the company's stock worth $233,000 after acquiring an additional 7,821 shares during the last quarter. 45.54% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Honest
In other Honest news, insider Stephen Winchell sold 20,000 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $4.98, for a total value of $99,600.00. Following the completion of the transaction, the insider now owns 431,844 shares in the company, valued at approximately $2,150,583.12. This represents a 4.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jonathan Mayle sold 37,481 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $4.87, for a total transaction of $182,532.47. Following the sale, the senior vice president now owns 307,740 shares in the company, valued at approximately $1,498,693.80. This trade represents a 10.86 % decrease in their position. The disclosure for this sale can be found here. 8.60% of the stock is owned by company insiders.
Honest Trading Down 6.5 %
Shares of HNST traded down $0.31 during mid-day trading on Thursday, reaching $4.49. The company's stock had a trading volume of 4,426,957 shares, compared to its average volume of 2,488,914. The stock has a market cap of $494.93 million, a PE ratio of -112.25 and a beta of 2.43. The company's fifty day moving average price is $4.75 and its two-hundred day moving average price is $5.72. The Honest Company, Inc. has a 52 week low of $2.40 and a 52 week high of $8.97.
Honest (NASDAQ:HNST - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. The firm had revenue of $97.25 million for the quarter, compared to the consensus estimate of $92.46 million. Honest had a negative return on equity of 3.26% and a negative net margin of 1.13%. Research analysts anticipate that The Honest Company, Inc. will post -0.07 EPS for the current year.
Wall Street Analyst Weigh In
Separately, Telsey Advisory Group reissued a "market perform" rating and issued a $7.00 price objective on shares of Honest in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $7.70.
View Our Latest Stock Analysis on HNST
About Honest
(
Free Report)
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.
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