1stdibs.Com, Inc. (NASDAQ:DIBS) Major Shareholder Insight Holdings Group, Llc Sells 35,313 Shares

1stdibs.Com, Inc. (NASDAQ:DIBS) major shareholder Insight Holdings Group, Llc sold 35,313 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $5.05, for a total value of $178,330.65. Following the completion of the transaction, the insider now directly owns 51,125 shares of the company’s stock, valued at approximately $258,181.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, April 17th, Insight Holdings Group, Llc sold 45,420 shares of 1stdibs.Com stock. The stock was sold at an average price of $5.00, for a total value of $227,100.00.
• On Wednesday, April 3rd, Insight Holdings Group, Llc sold 3,333 shares of 1stdibs.Com stock. The stock was sold at an average price of $6.00, for a total value 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 value 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 value 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 value 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 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 DIBS stock opened at $5.10 on Thursday. 1stdibs.Com, Inc. has a 1 year low of $3.44 and a 1 year high of $6.30. The stock’s 50 day simple moving average is $5.39 and its two-hundred day simple moving average is $4.74. The company has a market cap of $202.82 million, a PE ratio of -8.95 and a beta of 1.07.

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

Institutional Investors Weigh In On 1stdibs.Com

Hedge funds and other institutional investors have recently modified their holdings of the business. Jump Financial LLC purchased a new stake in shares of 1stdibs.Com in the third quarter worth approximately $38,000. Quadrature Capital Ltd purchased a new stake in shares of 1stdibs.Com in the third quarter worth approximately $37,000. Citigroup Inc. raised its holdings in shares of 1stdibs.Com by 3,859,850.0% in the third quarter. Citigroup Inc. now owns 77,199 shares of the company’s stock worth $281,000 after buying an additional 77,197 shares during the period. Barclays PLC purchased a new stake in shares of 1stdibs.Com in the third quarter worth approximately $38,000. Finally, Perigon Wealth Management LLC bought a new position in 1stdibs.Com in the third quarter worth approximately $40,000. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Evercore ISI upgraded 1stdibs.Com from an “in-line” rating to an “outperform” rating and upped their price objective for the company 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.