Key Points
- Josh Silverman sold 21,666 shares on December 1 at an average price of $54.67 for $1,184,480, leaving him with 78,946 shares (a 21.53% reduction in his position).
- The December sale is part of a string of insider disposals since September totaling roughly 350,000 shares (including a 150,000-share sale on September 29), indicating substantial executive selling activity.
- For context, Etsy trades in a 12‑month range of $40.05–$76.51, has a market cap of about $5.31 billion, and the consensus analyst rating is a "Hold" with an average price target of $64.38.
Etsy, Inc. (NASDAQ:ETSY - Get Free Report) CEO Josh Silverman sold 21,666 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $54.67, for a total transaction of $1,184,480.22. Following the completion of the transaction, the chief executive officer directly owned 78,946 shares in the company, valued at $4,315,977.82. The trade was a 21.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Josh Silverman also recently made the following trade(s):
- On Monday, November 3rd, Josh Silverman sold 21,666 shares of Etsy stock. The stock was sold at an average price of $61.46, for a total transaction of $1,331,592.36.
- On Wednesday, October 1st, Josh Silverman sold 21,666 shares of Etsy stock. The shares were sold at an average price of $70.19, for a total value of $1,520,736.54.
- On Monday, September 29th, Josh Silverman sold 150,000 shares of Etsy stock. The stock was sold at an average price of $72.50, for a total value of $10,875,000.00.
- On Thursday, September 18th, Josh Silverman sold 70,000 shares of Etsy stock. The stock was sold at an average price of $65.00, for a total value of $4,550,000.00.
- On Monday, September 8th, Josh Silverman sold 65,000 shares of Etsy stock. The stock was sold at an average price of $57.50, for a total value of $3,737,500.00.
Etsy Price Performance
Shares of ETSY opened at $53.82 on Thursday. Etsy, Inc. has a 1 year low of $40.05 and a 1 year high of $76.51. The stock has a 50 day simple moving average of $63.87 and a two-hundred day simple moving average of $59.74. The firm has a market cap of $5.31 billion, a P/E ratio of 43.40, a P/E/G ratio of 10.65 and a beta of 1.76.
Etsy (NASDAQ:ETSY - Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The specialty retailer reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.06. Etsy had a net margin of 5.78% and a negative return on equity of 31.10%. The firm had revenue of $678.03 million during the quarter, compared to analyst estimates of $655.83 million. During the same period in the previous year, the business posted $0.45 EPS. The business's quarterly revenue was up 2.4% on a year-over-year basis. On average, equities analysts anticipate that Etsy, Inc. will post 2.57 earnings per share for the current year.
Analysts Set New Price Targets
ETSY has been the topic of several analyst reports. BNP Paribas assumed coverage on Etsy in a report on Monday, November 24th. They issued a "neutral" rating on the stock. Piper Sandler reaffirmed a "neutral" rating on shares of Etsy in a research note on Wednesday, October 29th. BNP Paribas Exane assumed coverage on Etsy in a research note on Monday, November 24th. They set a "neutral" rating for the company. Moffett Nathanson reaffirmed a "neutral" rating on shares of Etsy in a research note on Wednesday, October 29th. Finally, Arete Research raised shares of Etsy from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twenty-one have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $64.38.
Read Our Latest Analysis on Etsy
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Heritage Wealth Advisors raised its holdings in Etsy by 476.5% in the 2nd quarter. Heritage Wealth Advisors now owns 490 shares of the specialty retailer's stock worth $25,000 after purchasing an additional 405 shares in the last quarter. Signaturefd LLC lifted its holdings in Etsy by 52.7% in the second quarter. Signaturefd LLC now owns 556 shares of the specialty retailer's stock worth $28,000 after buying an additional 192 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in Etsy during the 2nd quarter valued at approximately $35,000. SVB Wealth LLC purchased a new position in shares of Etsy during the 1st quarter worth approximately $36,000. Finally, Salomon & Ludwin LLC bought a new position in shares of Etsy in the 3rd quarter worth approximately $55,000. 99.53% of the stock is owned by hedge funds and other institutional investors.
Etsy Company Profile
(
Get Free Report)
Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.
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