Dynamic Technology Lab Private Ltd Purchases 5,330 Shares of The Honest Company, Inc. (NASDAQ:HNST)

Dynamic Technology Lab Private Ltd increased its position in shares of The Honest Company, Inc. (NASDAQ:HNST) by 7.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 80,544 shares of the company’s stock after buying an additional 5,330 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Honest were worth $288,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of HNST. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Honest by 216.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 545,323 shares of the company’s stock worth $1,947,000 after buying an additional 372,749 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in Honest by 122.5% during the third quarter. Harbor Capital Advisors Inc. now owns 219,697 shares of the company’s stock worth $784,000 after acquiring an additional 120,937 shares in the last quarter. Mainstream Capital Management LLC acquired a new stake in Honest in the third quarter worth $843,000. Inspire Investing LLC bought a new stake in Honest in the third quarter valued at $806,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Honest by 68.1% during the second quarter. Dimensional Fund Advisors LP now owns 943,618 shares of the company’s stock valued at $2,755,000 after purchasing an additional 382,418 shares during the period. Institutional investors and hedge funds own 45.54% of the company’s stock.

Honest Stock Up 1.3 %

HNST stock opened at $8.29 on Monday. The Honest Company, Inc. has a twelve month low of $2.02 and a twelve month high of $8.97. The firm has a market capitalization of $836.96 million, a PE ratio of -207.25 and a beta of 1.85. The stock has a 50-day simple moving average of $4.77 and a two-hundred day simple moving average of $3.87.

Insider Buying and Selling

In other news, General Counsel Brendan Sheehey sold 92,138 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $8.13, for a total transaction of $749,081.94. Following the completion of the transaction, the general counsel now owns 516,816 shares of the company’s stock, valued at approximately $4,201,714.08. The trade was a 15.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Shared Abacus Lp Thc sold 2,300,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $3.50, for a total transaction of $8,050,000.00. Following the sale, the insider now owns 9,869,803 shares in the company, valued at approximately $34,544,310.50. This trade represents a 18.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,634,818 shares of company stock worth $10,514,671 over the last ninety days. 8.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

HNST has been the subject of several research reports. Alliance Global Partners raised their target price on Honest from $5.75 to $8.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Northland Capmk upgraded Honest to a “strong-buy” rating in a report on Tuesday, August 6th. Northland Securities upped their target price on Honest from $6.50 to $7.50 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. B. Riley increased their price objective on Honest from $6.50 to $7.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Telsey Advisory Group lifted their target price on Honest from $4.00 to $6.00 and gave the company a “market perform” rating in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Honest currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.93.

About Honest

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.