The Honest Company, Inc. (NASDAQ:HNST) Stake Lessened by XTX Topco Ltd

XTX Topco Ltd reduced its holdings in shares of The Honest Company, Inc. (NASDAQ:HNST - Free Report) by 43.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,651 shares of the company's stock after selling 67,712 shares during the quarter. XTX Topco Ltd owned approximately 0.09% of Honest worth $621,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in Honest during the 4th quarter valued at about $26,000. New York State Teachers Retirement System acquired a new stake in shares of Honest during the 4th quarter worth about $52,000. Fox Run Management L.L.C. acquired a new stake in shares of Honest during the 4th quarter worth about $89,000. Entropy Technologies LP acquired a new stake in shares of Honest during the 4th quarter worth about $115,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of Honest during the 4th quarter worth about $129,000. 45.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Honest news, insider Stephen Winchell sold 20,000 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $4.98, for a total value of $99,600.00. Following the transaction, the insider now owns 431,844 shares in the company, valued at $2,150,583.12. The trade was a 4.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jonathan Mayle sold 37,481 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $4.87, for a total transaction of $182,532.47. Following the completion of the transaction, the senior vice president now owns 307,740 shares in the company, valued at $1,498,693.80. This represents a 10.86 % decrease in their position. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by insiders.

Honest Price Performance

HNST stock traded up $0.23 during midday trading on Thursday, reaching $4.74. 532,365 shares of the company's stock traded hands, compared to its average volume of 2,146,467. The company has a market capitalization of $515.69 million, a P/E ratio of -118.33 and a beta of 2.44. The Honest Company, Inc. has a fifty-two week low of $2.40 and a fifty-two week high of $8.97. The business has a 50-day moving average price of $4.94 and a two-hundred day moving average price of $5.64.

Honest (NASDAQ:HNST - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.02) by $0.01. The firm had revenue of $99.84 million for the quarter, compared to analysts' expectations of $96.46 million. Honest had a negative net margin of 1.13% and a negative return on equity of 3.26%. As a group, research analysts forecast that The Honest Company, Inc. will post -0.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Telsey Advisory Group reaffirmed a "market perform" rating and set a $7.00 price target on shares of Honest in a research note on Thursday, February 27th. Two 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 data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $7.70.

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.