Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Honest company exec sells over $188k in company stock

Published 2024-05-22, 06:42 p/m
HNST
-

In a recent transaction, Katherine Barton, Chief Growth Officer of Honest Company, Inc. (NASDAQ:HNST), sold 67,930 shares of company stock, totaling approximately $188,166. The shares were sold at a price of $2.77 each, according to a filing with the Securities and Exchange Commission.

The transaction, which took place on May 21, 2024, was part of a pre-approved plan for employees to sell shares solely to cover tax liabilities associated with the vesting of Restricted Stock Units (RSUs). Following the sale, Barton still holds a significant stake in the company, with 933,005 shares, including 790,043 RSUs that are convertible into an equivalent number of common stock shares.

The Honest Company, known for its eco-friendly baby and beauty products, has been a player in the retail-catalog and mail-order houses sector. The company is headquartered in Los Angeles, California, and operates under the leadership of founder Jessica Alba.

Investors often monitor insider transactions as they can provide insights into a company's financial health and the confidence that executives have in their firm's future. However, transactions like Barton's, which are executed to fulfill tax obligations, are not uncommon and do not necessarily signal a change in company outlook.

The Honest Company has not released any official statements regarding the transaction, and it remains business as usual for the eco-conscious brand.

InvestingPro Insights

As the Honest Company, Inc. navigates the retail landscape with its eco-friendly offerings, recent market data from InvestingPro provides a snapshot of the company's financial health and stock performance. With a market capitalization of $271.25 million and a notable revenue growth of 5.75% over the last twelve months as of Q1 2024, Honest Company shows a modest expansion in its financial scale. Despite this growth, the company's profitability remains a challenge, as reflected in its negative P/E ratio of -12.08 and an adjusted P/E ratio of -12.54 for the same period.

One of the InvestingPro Tips highlights that Honest Company holds more cash than debt on its balance sheet, which may provide some financial flexibility in its operations. Another tip points out that the stock is currently in oversold territory according to the Relative Strength Index (RSI), suggesting that the share price could be undervalued and may present a buying opportunity for investors.

Investors should note that the company's stock has experienced significant volatility, with a large price uptick over the last six months, showing a 46.28% return, yet also facing a decline in the short term, with a one-week price total return of -10.71% as of the same date. This volatility is something to consider when evaluating the company's stock for potential investment.

For those interested in a deeper dive into Honest Company's financials and stock performance, InvestingPro offers a wealth of additional tips, with PRONEWS24 providing an extra 10% off a yearly or biyearly Pro and Pro+ subscription. There are currently 11 more InvestingPro Tips available for Honest Company at https://www.investing.com/pro/HNST, which could offer further insights into making an informed investment decision.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.