Blue Apron Holdings Inc (NASDAQ:APRN) major shareholder First Round Capital Iv, L.P. sold 77,647 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $3.13, for a total value of $243,035.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases 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 stock was sold at an average price of $3.26, for a total value of $4,761,018.10.

Blue Apron Holdings Inc (APRN) traded down $0.11 during trading on Monday, reaching $3.06. The company had a trading volume of 1,285,696 shares, compared to its average volume of 2,300,000. Blue Apron Holdings Inc has a fifty-two week low of $3.03 and a fifty-two week high of $11.00.

Blue Apron Holdings (NASDAQ:APRN) last posted its quarterly earnings data on Thursday, November 2nd. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.43) by ($0.04). The company had revenue of $210.60 million during the quarter, compared to analyst estimates of $191.47 million. During the same quarter last year, the firm posted ($0.56) EPS. The company’s revenue was up 2.5% compared to the same quarter last year.

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APRN has been the topic of a number of research analyst 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 target price on the stock. Zacks Investment Research downgraded 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 target price on the stock. CIBC restated a “market perform” rating on shares of Blue Apron Holdings in a research note on Monday, August 21st. Finally, Canaccord Genuity initiated coverage on Blue Apron Holdings in a research note on Monday, July 24th. They issued a “buy” rating and a $14.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. Blue Apron Holdings currently has an average rating of “Hold” and an average price target of $7.12.

Several large investors have recently bought and sold shares of the business. Stifel Financial Corp purchased a new stake in shares of Blue Apron Holdings during the third quarter worth $805,000. Wells Fargo & Company MN lifted its position in shares of Blue Apron Holdings by 27.4% during the third quarter. Wells Fargo & Company MN now owns 85,530 shares of the company’s stock worth $467,000 after acquiring an additional 18,370 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Blue Apron Holdings during the third quarter worth $364,000. Bank of New York Mellon Corp purchased a new stake in shares of Blue Apron Holdings during the third quarter worth $120,000. Finally, Westpac Banking Corp purchased a new stake in shares of Blue Apron Holdings during the third quarter worth $1,162,000.

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.

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