Insider Selling: The Honest Company, Inc. (NASDAQ:HNST) General Counsel Sells 107,653 Shares of Stock

The Honest Company, Inc. (NASDAQ:HNST) General Counsel Brendan Sheehey sold 107,653 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $7.01, for a total transaction of $754,647.53. Following the completion of the transaction, the general counsel now owns 517,861 shares of the company’s stock, valued at approximately $3,630,205.61. This trade represents a 17.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Wednesday, November 20th, Brendan Sheehey sold 8,392 shares of Honest stock. The stock was sold at an average price of $7.10, for a total value of $59,583.20.

Honest Trading Up 5.4 %

Shares of Honest stock opened at $7.65 on Friday. The Honest Company, Inc. has a 52 week low of $1.57 and a 52 week high of $7.80. The company’s 50-day moving average price is $4.24 and its two-hundred day moving average price is $3.64. The stock has a market cap of $771.84 million, a PE ratio of -191.13 and a beta of 1.85.

Analysts Set New Price Targets

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

Institutional Trading of Honest

A number of hedge funds and other institutional investors have recently made changes to their positions in HNST. EntryPoint Capital LLC acquired a new position in Honest in the first quarter worth approximately $27,000. Zacks Investment Management acquired a new position in shares of Honest in the 3rd quarter worth $37,000. Creative Planning acquired a new stake in shares of Honest during the third quarter worth $39,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Honest during the third quarter valued at $40,000. Finally, Panagora Asset Management Inc. acquired a new position in shares of Honest in the 2nd quarter valued at $43,000. 45.54% of the stock is currently owned by institutional investors.

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.