Blue Apron Holdings Inc (APRN) Insider Sells $165,332.92 in Stock

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Blue Apron Holdings Inc (NYSE:APRN) insider Ilia M. Papas sold 133,333 shares of Blue Apron stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $1.24, for a total value of $165,332.92. Following the completion of the transaction, the insider now directly owns 194,976 shares in the company, valued at $241,770.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of APRN stock traded down $0.01 during trading hours on Friday, reaching $1.23. The company’s stock had a trading volume of 1,218,826 shares, compared to its average volume of 3,685,768. The firm has a market cap of $236.77 million, a P/E ratio of -0.75 and a beta of -0.10. Blue Apron Holdings Inc has a one year low of $1.02 and a one year high of $4.56. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.30 and a current ratio of 2.74.

Blue Apron (NYSE:APRN) last issued its quarterly earnings data on Thursday, August 2nd. The company reported ($0.17) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.17). The firm had revenue of $179.60 million for the quarter, compared to analyst estimates of $188.51 million. Blue Apron had a negative return on equity of 89.80% and a negative net margin of 24.64%. The business’s quarterly revenue was down 24.6% compared to the same quarter last year. During the same period last year, the company earned ($0.47) EPS. As a group, equities analysts predict that Blue Apron Holdings Inc will post -0.72 EPS for the current year.

Several hedge funds have recently modified their holdings of the company. FMR LLC bought a new stake in shares of Blue Apron in the 3rd quarter worth approximately $3,431,000. SG Americas Securities LLC bought a new stake in shares of Blue Apron in the 3rd quarter worth approximately $208,000. Raymond James Trust N.A. grew its position in shares of Blue Apron by 216.9% in the 3rd quarter. Raymond James Trust N.A. now owns 150,451 shares of the company’s stock worth $259,000 after buying an additional 102,982 shares during the last quarter. Northern Trust Corp grew its position in shares of Blue Apron by 55.8% in the 2nd quarter. Northern Trust Corp now owns 85,533 shares of the company’s stock worth $287,000 after buying an additional 30,625 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of Blue Apron by 285.7% in the 2nd quarter. Millennium Management LLC now owns 2,242,735 shares of the company’s stock worth $7,513,000 after buying an additional 1,661,211 shares during the last quarter. Hedge funds and other institutional investors own 13.11% of the company’s stock.

A number of brokerages have commented on APRN. Zacks Investment Research raised Blue Apron from a “hold” rating to a “buy” rating and set a $4.25 price target on the stock in a research note on Tuesday, July 17th. Barclays decreased their price target on Blue Apron from $3.50 to $2.50 and set an “equal weight” rating on the stock in a research note on Monday, August 6th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $2.00 price target on shares of Blue Apron in a research note on Friday, August 3rd. Morgan Stanley decreased their price target on Blue Apron from $1.90 to $1.30 and set an “equal weight” rating on the stock in a research note on Friday, August 3rd. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $2.00 price target on shares of Blue Apron in a research note on Thursday, August 2nd. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Blue Apron presently has an average rating of “Hold” and a consensus target price of $3.34.

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Blue Apron Company Profile

Blue Apron Holdings, Inc operates an e-commerce marketplace that delivers original recipes and fresh ingredients for making home cooking accessible. It provides original recipes with the pre-portioned ingredients to complement tastes and lifestyles of college graduates, young couples, families, singles, and empty nesters.

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Insider Buying and Selling by Quarter for Blue Apron (NYSE:APRN)

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