Honest company’s chief innovation officer sells $99,600 in stock

Stephen Winchell, the Chief Innovation Officer at Honest Company , Inc. (NASDAQ:HNST), a consumer goods company with a market capitalization of $554 million, recently sold 20,000 shares of the company’s common stock. According to InvestingPro data, the stock has experienced significant volatility, with a beta of 2.45 and a year-to-date decline of 30%. The transaction, completed on March 12, 2025, was executed at a weighted average price of $4.98 per share, resulting in a total value of $99,600.

Following this sale, Winchell retains ownership of 431,844 shares, which includes 340,549 restricted stock units payable in an equivalent number of common shares of Honest Company. The transaction details indicate that the shares were sold in multiple transactions with prices ranging between $4.97 and $4.99.

In other recent news, The Honest Company reported significant financial achievements for the fourth quarter and full year of 2024. The company exceeded earnings expectations, posting an earnings per share (EPS) of -$0.01, surpassing the forecast of -$0.02. Revenue for the fourth quarter reached $99.84 million, exceeding the anticipated $96.34 million, and marking an 11% year-over-year increase. For the entire year, revenue rose by 10% to $378 million, and the company achieved its first full year of positive Adjusted EBITDA at $26 million.

In other developments, The Honest Company announced amendments to its bylaws, as detailed in a recent SEC 8-K filing. These changes include revisions to advance notice requirements for stockholder nominations of director candidates and updates to share certification processes. While these amendments do not suggest immediate operational changes, they reflect the company’s commitment to maintaining transparent governance practices.

Additionally, the company introduced new products and improved supply chain efficiencies, contributing to a gross margin expansion by 900 basis points to 38%. Looking ahead, The Honest Company projects revenue growth between 4-6% for 2025, with anticipated Adjusted EBITDA of $27-30 million.

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