Blue Apron Holdings Inc (APRN) CTO Sells $471,998.82 in Stock

Blue Apron Holdings Inc (NYSE:APRN) CTO Ilia M. Papas sold 133,333 shares of Blue Apron stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $3.54, for a total transaction of $471,998.82. Following the completion of the transaction, the chief technology officer now directly owns 140,833 shares in the company, valued at approximately $498,548.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Blue Apron Holdings Inc (NYSE APRN) opened at $3.31 on Friday. Blue Apron Holdings Inc has a fifty-two week low of $2.94 and a fifty-two week high of $11.00. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.15 and a quick ratio of 2.73.

Blue Apron (NYSE:APRN) last issued its earnings results on Tuesday, February 13th. The company reported ($0.20) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.07. The firm had revenue of $187.70 million for the quarter, compared to analyst estimates of $186.13 million. Blue Apron’s quarterly revenue was down 13.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.39) earnings per share. equities analysts expect that Blue Apron Holdings Inc will post -0.72 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of APRN. Royal Bank of Canada acquired a new position in shares of Blue Apron in the second quarter valued at $141,000. Wells Fargo & Company MN increased its holdings in shares of Blue Apron by 27.4% in the third quarter. Wells Fargo & Company MN now owns 85,530 shares of the company’s stock valued at $467,000 after purchasing an additional 18,370 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Blue Apron in the third quarter valued at $120,000. BBR Partners LLC acquired a new position in shares of Blue Apron in the third quarter valued at about $147,000. Finally, Geode Capital Management LLC grew its stake in shares of Blue Apron by 39.8% in the fourth quarter. Geode Capital Management LLC now owns 156,799 shares of the company’s stock valued at $631,000 after acquiring an additional 44,602 shares in the last quarter. Institutional investors and hedge funds own 75.11% of the company’s stock.

A number of brokerages have recently commented on APRN. Northcoast Research raised shares of Blue Apron from a “sell” rating to a “neutral” rating and cut their price objective for the stock from $3.43 to $3.31 in a research report on Friday, February 16th. Zacks Investment Research raised shares of Blue Apron from a “sell” rating to a “hold” rating in a research report on Thursday, February 15th. Royal Bank of Canada reissued a “hold” rating and issued a $4.00 price objective on shares of Blue Apron in a research report on Wednesday, February 14th. Morgan Stanley cut their price objective on shares of Blue Apron from $4.70 to $4.50 and set an “equal weight” rating on the stock in a research report on Wednesday, February 14th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $4.00 price objective (down previously from $6.00) on shares of Blue Apron in a research report on Wednesday, February 14th. Fifteen analysts have rated the stock with a hold rating and four have given a buy rating to the company. Blue Apron has an average rating of “Hold” and a consensus target price of $6.70.

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About Blue Apron

Blue Apron Holdings, Inc is a holding company. The Company is focused on providing recipes and fresh ingredients for making home cooking accessible. The Company offers under a novel business model in which it source, process, store and package meal ingredients and ship them directly to consumers. The Company’s core products include Meals and Wine.

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

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