1stdibs.Com, Inc. (NASDAQ:DIBS) Major Shareholder Sells $147,612.93 in Stock

1stdibs.Com, Inc. (NASDAQ:DIBS) major shareholder Insight Holdings Group, Llc sold 23,847 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $6.19, for a total transaction of $147,612.93. Following the transaction, the insider now owns 54,601 shares in the company, valued at approximately $337,980.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Insight Holdings Group, Llc also recently made the following trade(s):

• On Monday, March 25th, Insight Holdings Group, Llc sold 32,193 shares of 1stdibs.Com stock. The shares were sold at an average price of $6.06, for a total transaction of $195,089.58.
• On Wednesday, March 20th, Insight Holdings Group, Llc sold 58,032 shares of 1stdibs.Com stock. The stock was sold at an average price of $6.02, for a total transaction of $349,352.64.
• On Monday, March 18th, Insight Holdings Group, Llc sold 17,710 shares of 1stdibs.Com stock. The stock was sold at an average price of $6.02, for a total transaction of $106,614.20.
• On Thursday, March 14th, Insight Holdings Group, Llc sold 30,059 shares of 1stdibs.Com stock. The stock was sold at an average price of $6.14, for a total transaction of $184,562.26.

1stdibs.Com Trading Up 0.2 %

Shares of NASDAQ:DIBS opened at $5.96 on Friday. 1stdibs.Com, Inc. has a twelve month low of $3.44 and a twelve month high of $6.30. The company’s 50 day moving average is $5.15 and its 200 day moving average is $4.55. The company has a market cap of $236.89 million, a PE ratio of -10.46 and a beta of 1.02.

1stdibs.Com (NASDAQ:DIBS) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.03. The company had revenue of $20.92 million for the quarter, compared to the consensus estimate of $19.77 million. 1stdibs.Com had a negative net margin of 26.80% and a negative return on equity of 16.46%. Equities research analysts predict that 1stdibs.Com, Inc. will post -0.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Evercore ISI upgraded shares of 1stdibs.Com from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $6.00 to $8.00 in a report on Monday, March 18th.

Institutional Investors Weigh In On 1stdibs.Com

A number of hedge funds and other institutional investors have recently made changes to their positions in DIBS. Public Employees Retirement System of Ohio acquired a new stake in shares of 1stdibs.Com during the 1st quarter worth approximately $25,000. Barclays PLC grew its stake in shares of 1stdibs.Com by 533.2% during the 4th quarter. Barclays PLC now owns 6,357 shares of the company’s stock worth $32,000 after purchasing an additional 5,353 shares during the period. UBS Group AG acquired a new stake in shares of 1stdibs.Com during the 4th quarter worth approximately $33,000. Quadrature Capital Ltd acquired a new stake in shares of 1stdibs.Com during the 3rd quarter worth approximately $37,000. Finally, Jump Financial LLC acquired a new stake in shares of 1stdibs.Com during the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

About 1stdibs.Com

1stdibs.Com, Inc operates an online marketplace for luxury design products worldwide. Its marketplace connects customers with sellers and makers of vintage, antique, and contemporary furniture; and home décor, jewelry, watches, art, and fashion products. The company was incorporated in 2000 and is headquartered in New York, New York.