Blue Apron Holdings Inc (APRN) Major Shareholder First Round Capital Iv, L.P. Sells 77,647 Shares of Stock

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 transaction of $243,035.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions 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 transaction of $4,761,018.10.

Shares of Blue Apron Holdings Inc (APRN) opened at $3.06 on Tuesday. 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 issued its quarterly earnings data on Thursday, November 2nd. The company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.04). The business had revenue of $210.60 million for the quarter, compared to analysts’ expectations of $191.47 million. During the same quarter in the prior year, the company posted ($0.56) earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis.

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Several research firms recently commented on APRN. Royal Bank Of Canada began coverage on shares of Blue Apron Holdings in a research note on Monday, July 24th. They set an “outperform” rating and a $10.00 target price for the company. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Blue Apron Holdings in a research note on Monday, July 24th. They issued a “buy” rating and a $11.00 price objective for the company. Barclays PLC assumed coverage on shares of Blue Apron Holdings in a research note on Monday, July 24th. They issued an “equal weight” rating and a $7.00 price objective for the company. Stifel Nicolaus assumed coverage on shares of Blue Apron Holdings in a research note on Monday, July 24th. They issued a “buy” rating and a $10.00 price objective for the company. Finally, UBS AG assumed coverage on shares of Blue Apron Holdings in a research note on Monday, July 24th. They issued a “market perform” rating for the company. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $7.12.

A number of institutional investors have recently added to or reduced their stakes in APRN. FMR LLC acquired a new position in Blue Apron Holdings during the 2nd quarter valued at about $42,090,000. Capital World Investors acquired a new stake in shares of Blue Apron Holdings in the 2nd quarter valued at approximately $36,476,000. JPMorgan Chase & Co. acquired a new stake in shares of Blue Apron Holdings in the 2nd quarter valued at approximately $31,439,000. Victory Capital Management Inc. acquired a new stake in shares of Blue Apron Holdings in the 2nd quarter valued at approximately $14,010,000. Finally, Laurion Capital Management LP acquired a new stake in shares of Blue Apron Holdings in the 2nd quarter valued at approximately $10,274,000.

About Blue Apron Holdings

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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