1stdibs.Com, Inc. (NASDAQ:DIBS) Major Shareholder Sells $227,100.00 in Stock

1stdibs.Com, Inc. (NASDAQ:DIBS) major shareholder Insight Holdings Group, Llc sold 45,420 shares of the firm’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $5.00, for a total transaction of $227,100.00. Following the completion of the sale, the insider now directly owns 50,235 shares in the company, valued at approximately $251,175. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Monday, April 15th, Insight Holdings Group, Llc sold 35,313 shares of 1stdibs.Com stock. The shares were sold at an average price of $5.05, for a total transaction of $178,330.65.
• On Wednesday, April 3rd, Insight Holdings Group, Llc sold 3,333 shares of 1stdibs.Com stock. The shares were sold at an average price of $6.00, for a total transaction of $19,998.00.
• On Monday, April 1st, Insight Holdings Group, Llc sold 6,427 shares of 1stdibs.Com stock. The shares were sold at an average price of $6.01, for a total transaction of $38,626.27.
• On Wednesday, March 27th, Insight Holdings Group, Llc sold 33,522 shares of 1stdibs.Com stock. The shares were sold at an average price of $6.03, for a total transaction of $202,137.66.
• 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 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 transaction 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 transaction 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 transaction 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 transaction of $184,562.26.

1stdibs.Com Price Performance

Shares of NASDAQ DIBS opened at $5.32 on Friday. 1stdibs.Com, Inc. has a 1 year low of $3.44 and a 1 year high of $6.30. The stock has a market cap of $211.58 million, a P/E ratio of -9.33 and a beta of 1.07. The firm has a 50-day moving average of $5.42 and a 200 day moving average of $4.75.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in 1stdibs.Com by 14.8% in the fourth quarter. Vanguard Group Inc. now owns 1,173,707 shares of the company’s stock worth $5,493,000 after buying an additional 151,147 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in 1stdibs.Com in the fourth quarter worth about $112,000. Virtu Financial LLC purchased a new position in 1stdibs.Com in the fourth quarter worth about $47,000. Bridgeway Capital Management LLC raised its holdings in 1stdibs.Com by 9.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 166,819 shares of the company’s stock worth $781,000 after buying an additional 14,219 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in shares of 1stdibs.Com during the fourth quarter valued at approximately $377,000. 66.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.