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Stephen Winchell, the Chief Innovation Officer of Honest Company , Inc. (NASDAQ:HNST), a consumer goods company with a market capitalization of $534 million and strong liquidity position as indicated by its 3.17x current ratio, recently sold 10,746 shares of the company’s common stock. According to InvestingPro analysis, the company maintains a healthy balance sheet with more cash than debt. This transaction, conducted on May 21, 2025, was executed at a price of $5.32 per share, resulting in a total sale value of approximately $57,168.
The sale was part of an approved sell-to-cover plan, which was implemented to address the tax liabilities associated with the vesting of previously granted Restricted Stock Units (RSUs). Following this transaction, Winchell retains ownership of 421,098 shares, including 311,344 RSUs that are convertible into an equivalent number of common stock shares.
In other recent news, The Honest Company reported its first-quarter 2025 earnings, surpassing expectations with an earnings per share (EPS) of $0.03, compared to the forecast of $0.01. Revenue reached $97 million, exceeding the anticipated $93.52 million, marking a 13% year-over-year increase. The company also saw a gross margin improvement of 170 basis points, reaching 39%. Honest Company reaffirmed its financial outlook for 2025, projecting net revenue growth of 4-6% and an adjusted EBITDA target of $27-30 million. Additionally, Curtis Bruce was announced as the new Chief Financial Officer, succeeding Dave Loretta, who is retiring. The company continues to face challenges such as supply chain reliability and potential tariff impacts, which it is addressing through strategic management. The Honest Company remains a leader in the natural wipes market and the number one baby personal care brand at Target (NYSE:TGT).
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