First Round Capital Iv, L.P. Sells 77,647 Shares of Blue Apron Holdings, Inc. (APRN) Stock

Blue Apron Holdings, Inc. (NYSE:APRN) major shareholder First Round Capital Iv, L.P. sold 77,647 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $3.13, for a total transaction of $243,035.11. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

First Round Capital Iv, L.P. also recently made the following trade(s):

  • On Tuesday, November 7th, First Round Capital Iv, L.P. sold 1,460,435 shares of Blue Apron Holdings stock. The shares were sold at an average price of $3.26, for a total transaction of $4,761,018.10.

Blue Apron Holdings, Inc. (APRN) opened at $3.06 on Wednesday. Blue Apron Holdings, Inc. has a one year low of $3.02 and a one year high of $11.00. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.15 and a quick ratio of 2.73.

Blue Apron Holdings (NYSE:APRN) last announced its quarterly earnings data on Thursday, November 2nd. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.43) by ($0.04). The company had revenue of $210.60 million during the quarter, compared to analysts’ expectations of $191.47 million. During the same quarter in the previous year, the business earned ($0.56) EPS. Blue Apron Holdings’s revenue was up 2.5% compared to the same quarter last year. equities analysts anticipate that Blue Apron Holdings, Inc. will post -1.63 earnings per share for the current year.

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A number of research firms recently issued reports on APRN. CIBC began coverage on shares of Blue Apron Holdings in a research report on Monday, July 24th. They set an “outperform” rating and a $11.00 target price for the company. Citigroup Inc. began coverage on shares of Blue Apron Holdings in a research report on Tuesday, July 25th. They set a “buy” rating and a $10.00 target price for the company. Raymond James Financial, Inc. began coverage on shares of Blue Apron Holdings in a research report on Monday, July 24th. They set a “market perform” rating for the company. Oppenheimer Holdings, Inc. started coverage on shares of Blue Apron Holdings in a research report on Monday, July 24th. They set an “outperform” rating and a $11.00 target price for the company. Finally, Morgan Stanley started coverage on Blue Apron Holdings in a report on Monday, July 24th. They issued an “equal weight” rating and a $7.50 price target for the company. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $7.12.

A number of hedge funds and other institutional investors have recently modified their holdings of APRN. Russell Investments Group Ltd. acquired a new stake in Blue Apron Holdings in the second quarter worth $464,000. DekaBank Deutsche Girozentrale acquired a new stake in Blue Apron Holdings in the second quarter worth $220,000. Obermeyer Wood Investment Counsel Lllp acquired a new stake in Blue Apron Holdings in the second quarter worth $110,000. LMR Partners LLP acquired a new stake in Blue Apron Holdings in the second quarter worth $2,195,000. Finally, SG Americas Securities LLC acquired a new position in shares of Blue Apron Holdings during the second quarter valued at $264,000. 91.18% of the stock is currently owned by hedge funds and other institutional investors.

About Blue Apron Holdings

Blue Apron Holdings, Inc is a holding company. The Company is focused on providing recipes and fresh ingredients for making home cooking accessible. The Company offers under a novel business model in which it source, process, store and package meal ingredients and ship them directly to consumers. The Company’s core products include Meals and Wine.

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