Insider Selling: Once Upon A Farm (NYSE:OFRM) CAO Sells $13,039.24 in Stock

Once Upon A Farm (NYSE:OFRM) CAO Chris Folena sold 724 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $18.01, for a total value of $13,039.24. Following the completion of the sale, the chief accounting officer directly owned 12,724 shares of the company’s stock, valued at $229,159.24. This trade represents a 5.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Once Upon A Farm Price Performance

Shares of NYSE:OFRM opened at $17.45 on Friday. Once Upon A Farm has a twelve month low of $14.00 and a twelve month high of $27.00. The stock’s 50 day moving average price is $18.11. The firm has a market capitalization of $732.52 million and a price-to-earnings ratio of -48.46.

Once Upon A Farm (NYSE:OFRM) last issued its earnings results on Thursday, August 6th. The organic kids food company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.06. The firm had revenue of $85.39 million during the quarter. As a group, research analysts anticipate that Once Upon A Farm will post -0.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on OFRM shares. JPMorgan Chase & Co. raised their price objective on shares of Once Upon A Farm from $22.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Weiss Ratings raised shares of Once Upon A Farm from a “sell (e-)” rating to a “sell (e)” rating in a research report on Wednesday. Barclays upped their target price on shares of Once Upon A Farm from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday. Evercore set a $23.00 price target on shares of Once Upon A Farm in a research report on Friday, May 8th. Finally, Wall Street Zen downgraded Once Upon A Farm from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $25.88.

Hedge Funds Weigh In On Once Upon A Farm

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Once Upon A Farm by 225.9% in the second quarter. BlackRock Inc. now owns 859,180 shares of the organic kids food company’s stock valued at $17,596,000 after purchasing an additional 595,571 shares during the last quarter. Nicholas Investment Partners LP lifted its position in shares of Once Upon A Farm by 271.9% during the second quarter. Nicholas Investment Partners LP now owns 784,166 shares of the organic kids food company’s stock valued at $16,060,000 after purchasing an additional 573,285 shares in the last quarter. Jupiter Topco LLC purchased a new position in Once Upon A Farm during the second quarter worth about $9,468,000. Deutsche Bank AG boosted its holdings in Once Upon A Farm by 3.0% during the second quarter. Deutsche Bank AG now owns 102,990 shares of the organic kids food company’s stock worth $2,109,000 after purchasing an additional 2,990 shares during the last quarter. Finally, Lisanti Capital Growth LLC bought a new stake in Once Upon A Farm in the 2nd quarter worth about $1,665,000.

Once Upon A Farm Company Profile

Once Upon A Farm (NYSE: OFRM) is a U.S.-based producer of refrigerated organic foods for infants, toddlers and young children. The company’s product lineup emphasizes cold-pressed, organic purees, blends and smoothies formulated for early childhood nutrition. Its offerings are positioned around whole-food ingredients, limited processing and claims of no artificial preservatives or added sugars, with packaging designed for convenience and on-the-go feeding.

Once Upon A Farm distributes its products through a combination of retail and direct-to-consumer channels, serving customers primarily across the United States.