Insider Selling: Honest (NASDAQ:HNST) SVP Sells 2,617 Shares

Key Points

• Honest SVP Kunssberg Etienne Von sold 2,617 shares at an average price of $4.99, generating $13,058.83. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced the executive’s holdings by 0.92% to 282,296 shares.
• Honest shares recently traded at $5.20, near the company’s 12-month high of $5.84, with the stock up from its 50-day and 200-day moving averages. The company’s latest quarterly results also exceeded expectations, with earnings of $0.04 per share and revenue of $80.19 million.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $4.84. Institutional investors own approximately 45.54% of Honest’s outstanding shares.

The Honest Company, Inc. (NASDAQ:HNST - Get Free Report) SVP Kunssberg Etienne Von sold 2,617 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $4.99, for a total value of $13,058.83. Following the completion of the sale, the senior vice president owned 282,296 shares of the company's stock, valued at $1,408,657.04. The trade was a 0.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kunssberg Etienne Von also recently made the following trade(s):

• On Friday, August 21st, Kunssberg Etienne Von sold 4,578 shares of Honest stock. The shares were sold at an average price of $5.01, for a total value of $22,935.78.

Honest Stock Performance

Shares of Honest stock traded up $0.15 during trading hours on Monday, hitting $5.20. The company's stock had a trading volume of 2,778,794 shares, compared to its average volume of 1,883,129. The business has a 50 day moving average price of $4.09 and a two-hundred day moving average price of $3.37. The Honest Company, Inc. has a 12-month low of $2.07 and a 12-month high of $5.84. The company has a market cap of $572.41 million, a PE ratio of -47.27 and a beta of 2.12.

Honest (NASDAQ:HNST - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.03. Honest had a positive return on equity of 4.31% and a negative net margin of 3.56%.The firm had revenue of $80.19 million during the quarter, compared to analyst estimates of $77.83 million. As a group, research analysts anticipate that The Honest Company, Inc. will post 0.05 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Honest from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Weiss Ratings raised shares of Honest from a "sell (d-)" rating to a "sell (d)" rating in a report on Tuesday, August 11th. Northland Securities set a $5.50 target price on shares of Honest in a research report on Thursday, August 6th. Telsey Advisory Group raised their target price on shares of Honest from $4.00 to $5.00 and gave the company a "market perform" rating in a research note on Thursday, August 6th. Finally, Alliance Global Partners reiterated a "buy" rating on shares of Honest in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $4.84.

Hedge Funds Weigh In On Honest

Several institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP bought a new position in shares of Honest during the 2nd quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd lifted its position in Honest by 1,392.2% during the third quarter. Caitong International Asset Management Co. Ltd now owns 7,073 shares of the company's stock valued at $26,000 after purchasing an additional 6,599 shares during the last quarter. Amicus Financial Advisors LLC purchased a new position in shares of Honest in the 4th quarter worth $29,000. Hibernia Wealth Partners LLC purchased a new position in shares of Honest in the 4th quarter worth $32,000. Finally, Legal & General Group Plc bought a new stake in shares of Honest in the 2nd quarter worth about $36,000. Hedge funds and other institutional investors own 45.54% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source