The Honest Company, Inc. (NASDAQ:HNST) General Counsel Sells $59,583.20 in Stock

The Honest Company, Inc. (NASDAQ:HNST) General Counsel Brendan Sheehey sold 8,392 shares of Honest stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $7.10, for a total value of $59,583.20. Following the transaction, the general counsel now owns 516,816 shares of the company’s stock, valued at $3,669,393.60. This represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, November 18th, Brendan Sheehey sold 107,653 shares of Honest stock. The shares were sold at an average price of $7.01, for a total transaction of $754,647.53.

Honest Price Performance

Shares of NASDAQ:HNST opened at $8.15 on Friday. The company’s fifty day moving average is $4.32 and its two-hundred day moving average is $3.68. The Honest Company, Inc. has a 1-year low of $1.83 and a 1-year high of $8.29.

Analyst Ratings Changes

HNST has been the topic of a number of recent analyst reports. Northland Securities increased their price target on Honest from $6.50 to $7.50 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Telsey Advisory Group boosted their target price on shares of Honest from $4.00 to $6.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. B. Riley lifted their price target on shares of Honest from $6.50 to $7.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Northland Capmk raised Honest to a “strong-buy” rating in a research report on Tuesday, August 6th. Finally, Alliance Global Partners boosted their price target on Honest from $5.75 to $8.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $5.93.

Institutional Investors Weigh In On Honest

Several large investors have recently added to or reduced their stakes in the stock. EntryPoint Capital LLC acquired a new stake in shares of Honest in the 1st quarter worth about $27,000. Zacks Investment Management bought a new stake in Honest during the 3rd quarter valued at $37,000. Creative Planning acquired a new position in Honest during the 3rd quarter worth $39,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Honest during the third quarter valued at $40,000. Finally, Panagora Asset Management Inc. acquired a new stake in Honest in the second quarter worth about $43,000. 45.54% of the stock is owned by institutional investors and hedge funds.

Honest Company Profile

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.