The Honest Company, Inc. (NASDAQ:HNST) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in shares of The Honest Company, Inc. (NASDAQ:HNST) by 3.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,811,621 shares of the company’s stock after purchasing an additional 65,995 shares during the period. Geode Capital Management LLC’s holdings in Honest were worth $6,468,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HNST. Connor Clark & Lunn Investment Management Ltd. boosted its position in Honest by 216.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 545,323 shares of the company’s stock valued at $1,947,000 after buying an additional 372,749 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of Honest in the third quarter worth about $260,000. Harbor Capital Advisors Inc. boosted its holdings in Honest by 122.5% in the third quarter. Harbor Capital Advisors Inc. now owns 219,697 shares of the company’s stock valued at $784,000 after purchasing an additional 120,937 shares during the last quarter. Mainstream Capital Management LLC acquired a new stake in Honest during the 3rd quarter valued at approximately $843,000. Finally, Inspire Investing LLC purchased a new stake in Honest during the 3rd quarter worth approximately $806,000. Hedge funds and other institutional investors own 45.54% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel Brendan Sheehey sold 107,653 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $7.01, for a total value of $754,647.53. Following the sale, the general counsel now owns 517,861 shares of the company’s stock, valued at approximately $3,630,205.61. The trade was a 17.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jessica Warren sold 465,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $7.55, for a total transaction of $3,510,750.00. Following the completion of the sale, the director now directly owns 1,170,058 shares of the company’s stock, valued at $8,833,937.90. The trade was a 28.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 799,818 shares of company stock worth $5,975,421. 8.60% of the stock is owned by company insiders.

Honest Stock Down 1.8 %

Shares of NASDAQ:HNST opened at $6.67 on Friday. The Honest Company, Inc. has a fifty-two week low of $2.40 and a fifty-two week high of $8.97. The company has a market cap of $673.41 million, a PE ratio of -166.75 and a beta of 2.42. The company’s 50-day moving average price is $6.58 and its 200 day moving average price is $4.64.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HNST. Northland Securities upped their price target on shares of Honest from $7.50 to $9.50 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Alliance Global Partners upped their target price on shares of Honest from $5.75 to $8.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Telsey Advisory Group lifted their price target on Honest from $4.00 to $6.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 13th. Loop Capital cut Honest from a “buy” rating to a “hold” rating and set a $7.00 price objective on the stock. in a research note on Tuesday, December 17th. Finally, B. Riley increased their target price on Honest from $6.50 to $7.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Honest presently has an average rating of “Moderate Buy” and an average target price of $6.79.

Honest Company Profile

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.