Insider Selling: Blue Apron Holdings Inc (APRN) CTO Sells 133,333 Shares of Stock

Blue Apron Holdings Inc (NYSE:APRN) CTO Ilia M. Papas sold 133,333 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $3.54, for a total transaction of $471,998.82. Following the completion of the transaction, the chief technology officer now directly owns 140,833 shares of the company’s stock, valued at $498,548.82. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of Blue Apron Holdings Inc (APRN) traded down $0.17 during mid-day trading on Tuesday, hitting $3.39. 3,273,736 shares of the stock traded hands, compared to its average volume of 2,847,028. The company has a quick ratio of 2.73, a current ratio of 3.15 and a debt-to-equity ratio of 0.48. Blue Apron Holdings Inc has a twelve month low of $2.94 and a twelve month high of $11.00. The company has a market capitalization of $651.88 and a PE ratio of -3.03.

Blue Apron (NYSE:APRN) last issued its quarterly earnings results on Tuesday, February 13th. The company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.07. The company had revenue of $187.70 million for the quarter, compared to the consensus estimate of $186.13 million. During the same period in the previous year, the business posted ($0.39) EPS. The business’s revenue for the quarter was down 13.1% on a year-over-year basis. equities research analysts expect that Blue Apron Holdings Inc will post -0.74 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the company. Royal Bank of Canada bought a new position in shares of Blue Apron during the second quarter worth about $141,000. Bank of New York Mellon Corp bought a new position in shares of Blue Apron during the third quarter worth about $120,000. BBR Partners LLC bought a new position in shares of Blue Apron during the third quarter worth about $147,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Blue Apron during the third quarter worth about $364,000. Finally, Wells Fargo & Company MN bought a new position in shares of Blue Apron during the second quarter worth about $627,000. 75.11% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on APRN shares. Needham & Company LLC reissued a “buy” rating and issued a $5.00 price objective (down from $6.50) on shares of Blue Apron in a research report on Friday, November 3rd. Canaccord Genuity decreased their price objective on shares of Blue Apron from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Gabelli started coverage on shares of Blue Apron in a research report on Friday, February 2nd. They issued a “buy” rating and a $6.00 price objective for the company. Barclays raised shares of Blue Apron from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $3.00 to $4.00 in a research report on Monday, December 4th. Finally, Morgan Stanley decreased their price objective on shares of Blue Apron from $4.70 to $4.50 and set an “equal weight” rating for the company in a research report on Wednesday, February 14th. Fifteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Blue Apron presently has an average rating of “Hold” and a consensus target price of $6.70.

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About Blue Apron

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.

Insider Buying and Selling by Quarter for Blue Apron (NYSE:APRN)

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