Honest (NASDAQ:HNST) SVP Kunssberg Etienne Von Sells 4,578 Shares of Stock

The Honest Company, Inc. (NASDAQ:HNST) SVP Kunssberg Etienne Von sold 4,578 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $5.01, for a total value of $22,935.78. Following the completion of the sale, the senior vice president directly owned 383,517 shares in the company, valued at approximately $1,921,420.17. This trade represents a 1.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kunssberg Etienne Von also recently made the following trade(s):

• On Thursday, August 20th, Kunssberg Etienne Von sold 2,617 shares of Honest stock. The stock was sold at an average price of $4.99, for a total value of $13,058.83.

Honest Price Performance

Shares of NASDAQ HNST opened at $5.20 on Tuesday. The firm has a market capitalization of $572.42 million, a PE ratio of -47.27 and a beta of 2.12. The Honest Company, Inc. has a 1-year low of $2.07 and a 1-year high of $5.84. The business’s fifty day moving average price is $4.12 and its two-hundred day moving average price is $3.39.

Honest (NASDAQ:HNST) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.03. The company had revenue of $80.19 million during the quarter, compared to the consensus estimate of $77.83 million. Honest had a negative net margin of 3.56% and a positive return on equity of 4.31%. Equities research analysts expect that The Honest Company, Inc. will post 0.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Honest

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Group AG boosted its holdings in shares of Honest by 77.3% in the fourth quarter. UBS Group AG now owns 1,014,939 shares of the company’s stock valued at $2,619,000 after acquiring an additional 442,542 shares in the last quarter. Green Alpha Advisors LLC bought a new stake in Honest during the second quarter worth approximately $1,092,000. Quantbot Technologies LP acquired a new stake in Honest in the second quarter worth approximately $279,000. Wealthfront Advisers LLC boosted its stake in Honest by 24.0% during the 4th quarter. Wealthfront Advisers LLC now owns 25,177 shares of the company’s stock valued at $65,000 after purchasing an additional 4,873 shares in the last quarter. Finally, Allworth Financial LP bought a new position in Honest during the 2nd quarter valued at $26,000. Institutional investors own 45.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wall Street Zen upgraded shares of Honest from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Telsey Advisory Group boosted their price objective on Honest from $4.00 to $5.00 and gave the stock a “market perform” rating in a research report on Thursday, August 6th. Northland Securities set a $5.50 price objective on Honest in a research report on Thursday, August 6th. Weiss Ratings raised Honest from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Finally, B. Riley Financial raised their target price on Honest from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Honest has a consensus rating of “Hold” and an average target price of $4.84.

Honest News Roundup

Here are the key news stories impacting Honest this week:

• Neutral Sentiment: The sales were conducted through scheduled trading plans rather than appearing to reflect an immediate change in management’s view of the business. The executives also retained substantial positions, including CEO Carla Vernon’s approximately 3.83 million shares after her transaction. SEC insider-trading filing
• Negative Sentiment: Seven reported transactions involved approximately 150,854 shares sold for a combined value of about $752,853 at prices near $4.99 to $5.01. CEO Carla Vernon accounted for the largest sale—117,893 shares worth approximately $588,286—while other sellers included senior executives, the general counsel and board-level insiders. The concentration of selling by several insiders could weigh on sentiment, particularly as HNST trades well above its 50-day and 200-day moving averages and near its 52-week high. SEC insider-trading filings

Honest Company Profile

The Honest Company, Inc (NASDAQ: HNST) is an American consumer goods firm specializing in eco-friendly and responsibly formulated products for babies, personal care, beauty and home cleaning. The company emphasizes transparency in ingredient sourcing and product safety, positioning itself in the premium segment of mass-market retail and direct-to-consumer channels.

Honest was founded in 2011 by actress Jessica Alba and environmental health advocate Christopher Gavigan with a mission to offer parents household and baby care items free from harsh chemicals and synthetic fragrances.