Kelly J. Kennedy Sells 3,933 Shares of The Honest Company, Inc. (NASDAQ:HNST) Stock

The Honest Company, Inc. (NASDAQ:HNSTGet Rating) CFO Kelly J. Kennedy sold 3,933 shares of Honest stock in a transaction on Monday, November 21st. The stock was sold at an average price of $2.90, for a total transaction of $11,405.70. Following the sale, the chief financial officer now directly owns 614,260 shares of the company’s stock, valued at approximately $1,781,354. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Honest Price Performance

Shares of Honest stock opened at $2.74 on Thursday. The Honest Company, Inc. has a 1 year low of $2.54 and a 1 year high of $8.85. The company has a market capitalization of $253.92 million, a P/E ratio of -5.48 and a beta of 0.48. The business has a 50-day moving average of $3.39 and a two-hundred day moving average of $3.41.

Institutional Trading of Honest

Several hedge funds have recently bought and sold shares of HNST. BNP Paribas Arbitrage SNC acquired a new position in shares of Honest in the third quarter valued at approximately $72,000. Alliancebernstein L.P. lifted its position in shares of Honest by 80.0% in the third quarter. Alliancebernstein L.P. now owns 34,200 shares of the company’s stock worth $120,000 after purchasing an additional 15,200 shares in the last quarter. State Street Corp lifted its position in shares of Honest by 8.6% in the third quarter. State Street Corp now owns 1,264,229 shares of the company’s stock worth $4,425,000 after purchasing an additional 99,999 shares in the last quarter. UBS Asset Management Americas Inc. boosted its holdings in Honest by 25.2% during the third quarter. UBS Asset Management Americas Inc. now owns 36,815 shares of the company’s stock worth $129,000 after purchasing an additional 7,415 shares during the last quarter. Finally, Prelude Capital Management LLC grew its position in Honest by 23.2% in the third quarter. Prelude Capital Management LLC now owns 65,017 shares of the company’s stock valued at $228,000 after purchasing an additional 12,240 shares in the last quarter. 43.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Morgan Stanley reduced their price target on Honest from $4.00 to $3.75 and set an “equal weight” rating on the stock in a research report on Friday, November 11th. JPMorgan Chase & Co. lowered their price target on Honest from $6.00 to $5.00 and set an “overweight” rating for the company in a research note on Thursday, October 13th. Finally, Telsey Advisory Group reduced their price objective on shares of Honest from $8.00 to $6.00 and set an “outperform” rating on the stock in a research note on Friday, November 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Honest presently has an average rating of “Hold” and an average target price of $4.88.

About Honest

(Get Rating)

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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Insider Buying and Selling by Quarter for Honest (NASDAQ:HNST)

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