Once Upon A Farm (NYSE:OFRM) CAO Sells $11,240.76 in Stock

Once Upon A Farm (NYSE:OFRM) CAO Chris Folena sold 662 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $16.98, for a total value of $11,240.76. Following the transaction, the chief accounting officer directly owned 12,062 shares of the company’s stock, valued at $204,812.76. The trade was a 5.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Chris Folena also recently made the following trade(s):

• On Monday, August 10th, Chris Folena sold 724 shares of Once Upon A Farm stock. The stock was sold at an average price of $18.01, for a total value of $13,039.24.

Once Upon A Farm Stock Performance

Shares of OFRM opened at $16.60 on Friday. The stock has a 50 day moving average price of $16.95 and a 200 day moving average price of $17.21. Once Upon A Farm has a one year low of $14.00 and a one year high of $27.00. The stock has a market capitalization of $696.91 million and a price-to-earnings ratio of -46.10.

Once Upon A Farm (NYSE:OFRM) last announced its quarterly earnings data on Thursday, August 6th. The organic kids food company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.06. The firm had revenue of $85.39 million during the quarter. On average, analysts predict that Once Upon A Farm will post -0.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on OFRM shares. Weiss Ratings upgraded shares of Once Upon A Farm from a “sell (e-)” rating to a “sell (e)” rating in a research report on Wednesday, August 12th. Barclays increased their price objective on shares of Once Upon A Farm from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, August 10th. Finally, JPMorgan Chase & Co. raised their target price on shares of Once Upon A Farm from $22.00 to $26.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $25.88.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. grew 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 period. Nicholas Investment Partners LP boosted its holdings in Once Upon A Farm by 271.9% in the 2nd 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 during the last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of Once Upon A Farm in the 2nd quarter valued at approximately $10,240,000. Jupiter Topco LLC purchased a new stake in shares of Once Upon A Farm in the 2nd quarter valued at approximately $9,468,000. Finally, Deutsche Bank AG increased its holdings in shares of Once Upon A Farm by 3.0% during the 2nd quarter. Deutsche Bank AG now owns 102,990 shares of the organic kids food company’s stock worth $2,109,000 after buying an additional 2,990 shares during the last quarter.

About Once Upon A Farm

Once Upon a Farm is a food and nutrition company focused on organic, refrigerated products for babies, children and families. Its product portfolio includes fresh baby food pouches, toddler meals, kids’ smoothies, applesauce and other fruit- and vegetable-based snacks made with minimally processed ingredients.

The company was founded in 2015 by Cassandra Curtis, Ari Raz and John Foraker, with actress and entrepreneur Jennifer Garner later joining as a co-founder and brand ambassador. Once Upon a Farm markets its products as convenient alternatives to shelf-stable baby and children’s foods, emphasizing organic ingredients, recognizable recipes and refrigerated freshness.

Once Upon a Farm serves customers primarily in the United States through grocery stores, mass retailers, specialty food retailers and direct-to-consumer channels.