On August 13, 2024, Director James White sold 70,000 shares of The Honest Co Inc (NASDAQ:HNST), as reported in a recent SEC filing. Following this transaction, the insider now owns 309,244 shares of the company. The shares were sold at a price of $3.98, making the transaction worth approximately $278,600.
The Honest Co Inc, known for its consumer goods products, focuses on ethical consumption and offers a range of products that are environmentally friendly and safe for personal use.
During the past year, the insider was active in the market regarding shares of The Honest Co Inc. The insider sold a total of 70,000 shares and bought 64,250 shares during this period.
The Honest Co Inc’s insider transaction history shows a trend with 2 insider purchases and 26 insider sales over the past year, suggesting there have been more insider sales than purchases in recent months.
As of the last trading day, The Honest Co Inc had a market capitalization of $423.345 Million. The stock’s valuation metrics show a price to earnings ratio, price to sales ratio, price to book ratio and price to free cash flow ratio that reflect its current market position.
According to GF Value, the estimated intrinsic value of The Honest Co Inc is $3.39 per share, making the stock slightly overvalued with a price-to-value ratio of 1.17.
This rating is based on historical trading multiples, a GuruFocus adjustment factor related to the company’s past performance and estimates of future business performance by Morningstar analysts.
Recent insider selling activity may be of interest to current and prospective investors as it provides insight into insiders’ views on the stock’s current valuation and future prospects.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
