Blue Apron Holdings, Inc. (APRN) Major Shareholder Sells $577,049.76 in Stock

Blue Apron Holdings, Inc. (NYSE:APRN) major shareholder First Round Capital Iv Partner sold 189,819 shares of Blue Apron Holdings stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $3.04, for a total value of $577,049.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

First Round Capital Iv Partner also recently made the following trade(s):

  • On Thursday, November 16th, First Round Capital Iv Partner sold 104,139 shares of Blue Apron Holdings stock. The stock was sold at an average price of $3.08, for a total value of $320,748.12.
  • On Tuesday, November 14th, First Round Capital Iv Partner sold 110,482 shares of Blue Apron Holdings stock. The shares were sold at an average price of $3.07, for a total value of $339,179.74.

Blue Apron Holdings, Inc. (NYSE:APRN) traded down $0.02 during mid-day trading on Tuesday, reaching $2.99. The company’s stock had a trading volume of 701,549 shares, compared to its average volume of 3,124,300. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.73 and a current ratio of 3.15. Blue Apron Holdings, Inc. has a twelve month low of $2.97 and a twelve month high of $11.00.

Blue Apron Holdings (NYSE:APRN) last posted its quarterly earnings data on Thursday, November 2nd. The company reported ($0.47) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.43) by ($0.04). Blue Apron Holdings had a negative return on equity of 1,047.79% and a negative net margin of 41.40%. The business had revenue of $210.60 million during the quarter, compared to analysts’ expectations of $191.47 million. During the same period in the prior year, the firm posted ($0.56) EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. research analysts predict that Blue Apron Holdings, Inc. will post -1.65 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Blue Apron Holdings, Inc. (APRN) Major Shareholder Sells $577,049.76 in Stock” was first published by Week Herald and is the sole property of of Week Herald. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://weekherald.com/2017/11/21/blue-apron-holdings-inc-aprn-major-shareholder-sells-577049-76-in-stock.html.

Several institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC bought a new stake in shares of Blue Apron Holdings in the second quarter valued at $42,090,000. Capital World Investors bought a new stake in shares of Blue Apron Holdings in the second quarter valued at $36,476,000. JPMorgan Chase & Co. bought a new stake in shares of Blue Apron Holdings in the second quarter valued at $31,439,000. Victory Capital Management Inc. bought a new stake in shares of Blue Apron Holdings during the 2nd quarter valued at $14,010,000. Finally, Laurion Capital Management LP bought a new stake in shares of Blue Apron Holdings during the 2nd quarter valued at $10,274,000. Hedge funds and other institutional investors own 92.53% of the company’s stock.

APRN has been the subject of a number of research reports. Oppenheimer Holdings, Inc. initiated coverage on Blue Apron Holdings in a research note on Monday, July 24th. They issued an “outperform” rating and a $11.00 price objective for the company. Zacks Investment Research cut Blue Apron Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Citigroup Inc. initiated coverage on Blue Apron Holdings in a research note on Tuesday, July 25th. They issued a “buy” rating and a $10.00 price objective for the company. Needham & Company LLC reissued a “buy” rating and issued a $5.00 price objective (down previously from $6.50) on shares of Blue Apron Holdings in a research note on Friday, November 3rd. Finally, CIBC reissued a “market perform” rating on shares of Blue Apron Holdings in a research note on Monday, August 21st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $7.12.

Blue Apron Holdings Company Profile

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.

Receive News & Ratings for Blue Apron Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Apron Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply