1stdibs.Com, Inc. (NASDAQ:DIBS) Major Shareholder Insight Holdings Group, Llc Sells 32,193 Shares

1stdibs.Com, Inc. (NASDAQ:DIBS) major shareholder Insight Holdings Group, Llc sold 32,193 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $6.06, for a total value of $195,089.58. Following the sale, the insider now directly owns 54,205 shares in the company, valued at approximately $328,482.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own more than 10% 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 Friday, March 22nd, Insight Holdings Group, Llc sold 23,847 shares of 1stdibs.Com stock. The stock was 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 stock was 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 stock was 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 stock was sold at an average price of $6.14, for a total value of $184,562.26.

1stdibs.Com Stock Down 1.8 %

DIBS opened at $5.95 on Thursday. The firm has a market cap of $236.51 million, a price-to-earnings ratio of -10.44 and a beta of 1.02. 1stdibs.Com, Inc. has a 52 week low of $3.44 and a 52 week high of $6.30. The business’s 50 day moving average is $5.13 and its two-hundred day moving average is $4.54.

1stdibs.Com (NASDAQ:DIBS) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.07) EPS 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 analyst estimates of $19.77 million. 1stdibs.Com had a negative return on equity of 16.46% and a negative net margin of 26.80%. Equities analysts expect that 1stdibs.Com, Inc. will post -0.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Barclays PLC increased its position in 1stdibs.Com by 533.2% during the fourth quarter. Barclays PLC now owns 6,357 shares of the company’s stock worth $32,000 after buying an additional 5,353 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of 1stdibs.Com in the 1st quarter valued at approximately $25,000. UBS Group AG purchased a new position in shares of 1stdibs.Com in the 4th quarter valued at approximately $33,000. California State Teachers Retirement System grew its stake in shares of 1stdibs.Com by 114.1% in the 1st quarter. California State Teachers Retirement System now owns 8,703 shares of the company’s stock valued at $70,000 after purchasing an additional 4,638 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of 1stdibs.Com in the 4th quarter valued at approximately $47,000. Institutional investors and hedge funds own 66.97% of the company’s stock.

Analyst Ratings Changes

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

1stdibs.Com Company Profile

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.