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Brendan Sheehey, the General Counsel of Honest Company , Inc. (NASDAQ:HNST), recently sold 12,017 shares of the company’s common stock. The transaction, carried out on May 21, 2025, was executed at a price of $5.32 per share, amounting to a total value of $63,930. The stock, which currently trades at $4.85, has experienced significant volatility with a -40% return over the past six months, according to InvestingPro data. This sale was part of a pre-approved sell-to-cover plan to address tax liabilities associated with the vesting of Restricted Stock Units (RSUs). Following the transaction, Sheehey retains ownership of 580,647 shares, which includes 313,272 RSUs that are convertible into an equivalent number of common shares. While the company maintains strong liquidity with a current ratio of 3.17 and holds more cash than debt, InvestingPro analysis reveals 10+ additional key insights about HNST’s financial health and market position, available in the comprehensive Pro Research Report.
In other recent news, The Honest Company reported its first-quarter 2025 financial results, surpassing expectations. The company achieved an earnings per share of $0.03, exceeding the anticipated $0.01, and generated revenue of $97 million, which was higher than the forecasted $93.52 million. This marks a 13% year-over-year increase in revenue, demonstrating strong performance. Additionally, the company’s gross margin improved by 170 basis points to 39%. The Honest Company reaffirmed its financial outlook for 2025, projecting a net revenue growth of 4-6% and an adjusted EBITDA target of $27-30 million.
In a management update, Curtis Bruce has been appointed as the new Chief Financial Officer, succeeding Dave Loretta. Curtis Bruce brings extensive experience from notable consumer brands, including Hain Celestial (NASDAQ:HAIN) and Keurig Dr Pepper (NASDAQ:KDP). The company also highlighted ongoing efforts to manage supply chain challenges and potential tariff impacts effectively. During the earnings call, analysts inquired about the company’s strategies to mitigate tariffs and distribution challenges, to which management responded with a focus on inventory management and strategic partnerships. These developments reflect the company’s strategic approach to navigating a dynamic market environment.
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