Monitoring Blue Apron Holdings Inc. (APRN) after recent insider movements


Blue Apron Holdings Inc.’s recent filing unveils that its President and CEO Findley Linda unloaded Company’s shares for reported $10419.0 on Nov 28. In the deal valued at $1.02 per share,10,191 shares were sold. As a result of this transaction, Findley Linda now holds 222,255 shares worth roughly $ 0.2 million.

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Then, Krechmer Irina sold 3,630 shares, generating $3,711 in total proceeds. Upon selling the shares at $1.02, the Chief Technology Officer now owns 52,131 shares.

Before that, Deutsch Meredith L sold 2,925 shares. Blue Apron Holdings Inc. shares valued at $2,991 were divested by the General Counsel & Corp. Sec’y at a price of $1.02 per share. As a result of the transaction, Deutsch Meredith L now holds 35,964 shares, worth roughly $31648.32.

Lake Street initiated its Blue Apron Holdings Inc. [APRN] rating to a Buy in a research note published on Friday, August 10, 2022; the price target was $9. PT values the company’s stock at a premium of 90.22 to its Friday closing price. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who began to cover the stock in late July with a ‘”a Buy”‘ rating. Canaccord Genuity also remained covering APRN and has increased its forecast on July 30, 2020 with a “Buy” recommendation from previously “Hold” rating. Guggenheim revised its rating on November 15, 2018. It rated APRN as “a Neutral” which previously was an “a Buy”.

Price Performance Review of APRN

On Friday, Blue Apron Holdings Inc. [NYSE:APRN] saw its stock fall -3.57% to $0.88. On the same session, the stock had its day’s lowest price of $0.87, but rose to a high of $0.9179. Over the last five days, the stock has lost -12.24%. Blue Apron Holdings Inc. shares have risen nearly 5.72% since the year began. Nevertheless, the stocks have fallen -82.59% over the past one year. While a 52-week high of $8.22 was reached on 02/06/23, a 52-week low of $0.61 was recorded on 01/09/23. SMA at 50 days reached $0.9374, while 200 days put it at $2.7258. A total of 1.28 million shares were traded, compared to the trading of 2.21 million shares in the previous session.

Levels Of Support And Resistance For APRN Stock

The 24-hour chart illustrates a support level at 0.8590, which if violated will result in even more drops to 0.8406. On the upside, there is a resistance level at 0.9069. A further resistance level may holdings at 0.9364. The Relative Strength Index (RSI) on the 14-day chart is 42.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1784, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.07%. Stochastics %K at 8.96% indicates the stock is a buying.

How much short interest is there in Blue Apron Holdings Inc.?

A steep rise in short interest was recorded in Blue Apron Holdings Inc. stocks on Jan 30, 2023, dropping by -1.03 million shares to a total of 5.51 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 6.54 million shares. There was a decline of -18.69%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 24.29% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.47.

Blue Apron Holdings Inc. [APRN] – Who Are The Largest Shareholders?

In filings from INNOVIS ASSET MANAGEMENT LLC, it is revealed that the company now owns 718,347 shares, or roughly 1.82% of the outstanding APRN shares. Additionally, The Vanguard Group, Inc. increased 8.36% of its stake after which the total value it holdings stand at $605,108, while BlackRock Fund Advisors added 65.35% of its stake to hold $0.54 million in the firm. Over the last quarter, Citadel Securities LLC purchased 303,343 shares of Blue Apron Holdings Inc., while Wexford Capital LP bought 382,442 shares. At present, Divisadero Street Capital Managem is holding 374,695 shares valued at $0.38 million. BMO Asset Management Corp. owned 332,700 shares of the company at the time of its most recent 13F filing, worth $0.34 million.

According to FactSet, Blue Apron Holdings Inc.’s share price will average $4.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 449.45 percent from its previous closing price of $0.91. Analysts expect Blue Apron Holdings Inc. stock to reach the higher price of $5.00, while the lowest price estimate is $2.00. However, 3 analysts have rated APRN stock as an Overweight in their predictions for 2023.


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