1stdibs.Com, Inc. (NASDAQ:DIBS – Get Free Report) major shareholder Insight Holdings Group, Llc sold 32,193 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $6.06, for a total transaction of $195,089.58. Following the sale, the insider now directly owns 54,205 shares in the company, valued at $328,482.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Insight Holdings Group, Llc also recently made the following trade(s):
- On Friday, March 22nd, Insight Holdings Group, Llc sold 23,847 shares of 1stdibs.Com stock. The shares were sold at an average price of $6.19, for a total value of $147,612.93.
- On Wednesday, March 20th, Insight Holdings Group, Llc sold 58,032 shares of 1stdibs.Com stock. The shares were sold at an average price of $6.02, for a total value of $349,352.64.
- On Monday, March 18th, Insight Holdings Group, Llc sold 17,710 shares of 1stdibs.Com stock. The shares were sold at an average price of $6.02, for a total value of $106,614.20.
- On Thursday, March 14th, Insight Holdings Group, Llc sold 30,059 shares of 1stdibs.Com stock. The shares were sold at an average price of $6.14, for a total value of $184,562.26.
1stdibs.Com Price Performance
Shares of NASDAQ DIBS opened at $5.96 on Friday. 1stdibs.Com, Inc. has a one year low of $3.44 and a one year high of $6.30. The firm’s 50 day simple moving average is $5.15 and its two-hundred day simple moving average is $4.55. The stock has a market capitalization of $236.89 million, a P/E ratio of -10.46 and a beta of 1.02.
Institutional Trading of 1stdibs.Com
A number of institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its stake in 1stdibs.Com by 225.0% in the first quarter. Bank of New York Mellon Corp now owns 47,361 shares of the company’s stock worth $378,000 after acquiring an additional 32,790 shares during the period. Rhumbline Advisers purchased a new stake in 1stdibs.Com in the first quarter worth $119,000. BlackRock Inc. lifted its stake in 1stdibs.Com by 141.7% in the first quarter. BlackRock Inc. now owns 877,698 shares of the company’s stock worth $7,013,000 after acquiring an additional 514,489 shares during the period. Vanguard Group Inc. lifted its stake in 1stdibs.Com by 155.6% in the first quarter. Vanguard Group Inc. now owns 726,244 shares of the company’s stock worth $5,802,000 after acquiring an additional 442,072 shares during the period. Finally, American International Group Inc. lifted its stake in 1stdibs.Com by 181.1% in the first quarter. American International Group Inc. now owns 10,066 shares of the company’s stock worth $80,000 after acquiring an additional 6,485 shares during the period. Hedge funds and other institutional investors own 66.97% of the company’s stock.
Analysts Set New Price Targets
Separately, Evercore ISI upgraded 1stdibs.Com from an “in-line” rating to an “outperform” rating and upped their price target for the company from $6.00 to $8.00 in a research report on Monday, March 18th.
Get Our Latest Report on 1stdibs.Com
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.
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