Truffle Hound Capital LLC Increases Holdings in 1stdibs.com, Inc. $DIBS

Truffle Hound Capital LLC lifted its stake in shares of 1stdibs.com, Inc. (NASDAQ:DIBS) by 50.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 600,000 shares of the company’s stock after acquiring an additional 200,000 shares during the quarter. Truffle Hound Capital LLC owned approximately 1.66% of 1stdibs.com worth $1,554,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of DIBS. Jump Financial LLC purchased a new stake in shares of 1stdibs.com during the 2nd quarter worth approximately $30,000. Catalyst Funds Management Pty Ltd purchased a new position in 1stdibs.com during the second quarter worth $30,000. Quadrature Capital Ltd purchased a new stake in 1stdibs.com in the 2nd quarter worth about $42,000. Jane Street Group LLC purchased a new position in 1stdibs.com during the 1st quarter valued at $45,000. Finally, Marshall Wace LLP grew its position in 1stdibs.com by 59.8% in the 2nd quarter. Marshall Wace LLP now owns 19,153 shares of the company’s stock valued at $53,000 after acquiring an additional 7,168 shares during the last quarter. Institutional investors own 66.97% of the company’s stock.

1stdibs.com Stock Performance

Shares of NASDAQ DIBS opened at $5.32 on Friday. The company has a market cap of $194.77 million, a PE ratio of -10.64 and a beta of 1.05. 1stdibs.com, Inc. has a fifty-two week low of $2.30 and a fifty-two week high of $6.62. The business has a 50-day simple moving average of $5.78 and a two-hundred day simple moving average of $4.21.

Insiders Place Their Bets

In related news, General Counsel Melanie F. Goins sold 11,296 shares of 1stdibs.com stock in a transaction on Monday, December 8th. The shares were sold at an average price of $5.96, for a total value of $67,324.16. Following the sale, the general counsel owned 213,068 shares of the company’s stock, valued at approximately $1,269,885.28. This trade represents a 5.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David S. Rosenblatt sold 73,207 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $5.96, for a total value of $436,313.72. Following the transaction, the chief executive officer directly owned 1,976,786 shares of the company’s stock, valued at $11,781,644.56. The trade was a 3.57% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 706,640 shares of company stock valued at $3,693,863. Company insiders own 19.60% of the company’s stock.

Wall Street Analyst Weigh In

DIBS has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of 1stdibs.com from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 1stdibs.com in a research note on Monday, December 29th. Finally, Northland Securities raised shares of 1stdibs.com to a “hold” rating in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $7.00.

1stdibs.com Profile

1stDibs.com is an online marketplace specializing in high-end furniture, fine art, jewelry, watches, fashion and decor. The platform curates offerings from independent dealers, galleries and luxury brands, enabling vetted sellers to reach discerning buyers around the world. Headquartered in New York with an additional office in Paris, 1stDibs has built a reputation for quality and authenticity through rigorous seller screening and detailed item vetting.

Launched in 2001 by founder Michael Bruno, the company has grown into a leading destination for both private collectors and interior design professionals.