Blue Apron Holdings, Inc. (NYSE:APRN) CEO Brad Dickerson purchased 180,000 shares of Blue Apron stock in a transaction on Wednesday, December 13th. The stock was bought at an average price of $3.93 per share, for a total transaction of $707,400.00. Following the transaction, the chief executive officer now directly owns 40,000 shares in the company, valued at approximately $157,200. The purchase was disclosed in a filing with the SEC, which is accessible through this link.
Brad Dickerson also recently made the following trade(s):
- On Monday, December 11th, Brad Dickerson purchased 40,000 shares of Blue Apron stock. The stock was bought at an average price of $3.87 per share, for a total transaction of $154,800.00.
Shares of Blue Apron Holdings, Inc. (APRN) traded down $0.01 during trading on Wednesday, hitting $3.97. The company had a trading volume of 2,289,362 shares, compared to its average volume of 3,071,748. Blue Apron Holdings, Inc. has a 52 week low of $2.94 and a 52 week high of $11.00. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.73 and a current ratio of 3.15.
APRN has been the topic of a number of analyst reports. Canaccord Genuity reiterated a “buy” rating and issued a $11.00 price target on shares of Blue Apron in a research report on Thursday, September 14th. Guggenheim initiated coverage on Blue Apron in a research report on Monday, September 25th. They issued a “buy” rating and a $9.00 price target on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $5.00 price target (down previously from $6.50) on shares of Blue Apron in a research report on Friday, November 3rd. Barclays upgraded Blue Apron from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $3.00 to $4.00 in a research report on Monday, December 4th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $5.50 price target on shares of Blue Apron in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $7.04.
Institutional investors have recently made changes to their positions in the stock. Obermeyer Wood Investment Counsel Lllp bought a new stake in shares of Blue Apron during the 2nd quarter valued at about $110,000. Bank of New York Mellon Corp bought a new stake in shares of Blue Apron during the 3rd quarter valued at about $120,000. Royal Bank of Canada bought a new stake in shares of Blue Apron during the 2nd quarter valued at about $141,000. BBR Partners LLC bought a new stake in shares of Blue Apron during the 3rd quarter valued at about $147,000. Finally, Legal & General Group Plc bought a new stake in shares of Blue Apron during the 2nd quarter valued at about $187,000. Institutional investors own 58.35% of the company’s stock.
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Blue Apron 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.
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