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Stephen Winchell, Executive Vice President of Operations and R&D at Honest Company , Inc. (NASDAQ:HNST), has sold a portion of his holdings in the company. According to a recent SEC filing, Winchell offloaded 23,628 shares of Honest Company’s common stock on March 7, 2025. The shares were sold at an average price of $4.91 each, resulting in a total transaction value of $116,013.
This transaction was part of an approved sell-to-cover plan set by the company’s Compensation Committee, aimed at covering the tax liabilities associated with the vesting of Restricted Stock Units (RSUs). After the sale, Winchell retains ownership of 451,844 shares, which includes 340,549 RSUs that are convertible into an equivalent number of common shares. For comprehensive insider trading analysis and detailed financial metrics, access the full HNST InvestingPro Research Report, part of our coverage of 1,400+ US stocks.
In other recent news, The Honest Company reported its fourth-quarter and full-year 2024 earnings, revealing a noteworthy increase in revenue and profitability. The company exceeded earnings expectations with an earnings per share (EPS) of -$0.01, surpassing the anticipated -$0.02. Revenue for the quarter reached $99.84 million, exceeding the forecasted $96.34 million. The full-year revenue rose by 10% year-over-year to $378 million, marking a significant milestone. Despite these positive results, the company’s stock experienced a decline in aftermarket trading, possibly due to broader market trends.
Additionally, Honest Company achieved its first full year of positive Adjusted EBITDA at $26 million, with a margin of 6.8%. The company also reported a gross margin expansion of 900 basis points to 38%, attributed to improved operational efficiencies and cost reductions. Looking ahead to 2025, Honest Company projects revenue growth between 4-6% and anticipates Adjusted EBITDA of $27-30 million. New product launches and expanded distribution channels are expected to drive growth in the upcoming year. Analysts from firms such as AGP and JPMorgan have been inquiring about the company’s distribution strategies and margin expansion, indicating ongoing interest in Honest Company’s financial trajectory.
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