The Honest Company, Inc. (NASDAQ:HNST – Get Free Report) insider Curtiss James Bruce III sold 3,129 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $4.99, for a total value of $15,613.71. Following the sale, the insider owned 582,986 shares in the company, valued at $2,909,100.14. This trade represents a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Honest Trading Up 3.8%
NASDAQ HNST opened at $5.72 on Thursday. The stock has a market capitalization of $629.66 million, a price-to-earnings ratio of -52.00 and a beta of 2.12. The Honest Company, Inc. has a twelve month low of $2.07 and a twelve month high of $5.91. The stock has a 50-day moving average of $4.20 and a 200 day moving average of $3.44.
Honest (NASDAQ:HNST – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03. Honest had a positive return on equity of 4.31% and a negative net margin of 3.56%.The company had revenue of $80.19 million for the quarter, compared to analyst estimates of $77.83 million. Equities analysts predict that The Honest Company, Inc. will post 0.05 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on HNST
Hedge Funds Weigh In On Honest
A number of hedge funds have recently made changes to their positions in HNST. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Honest by 6.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,916 shares of the company’s stock worth $235,000 after acquiring an additional 3,210 shares during the last quarter. Osaic Holdings Inc. raised its stake in Honest by 33.9% in the 2nd quarter. Osaic Holdings Inc. now owns 14,577 shares of the company’s stock valued at $74,000 after purchasing an additional 3,693 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Honest by 14.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 33,734 shares of the company’s stock valued at $172,000 after purchasing an additional 4,378 shares during the last quarter. Wealthfront Advisers LLC raised its stake in Honest by 24.0% in 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 during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Honest by 1,392.2% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 7,073 shares of the company’s stock valued at $26,000 after purchasing an additional 6,599 shares in the last quarter. Institutional investors and hedge funds own 45.54% of the company’s stock.
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.
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