1stdibs.Com, Inc. (NASDAQ:DIBS) Major Shareholder Sells 23,847 Shares

1stdibs.Com, Inc. (NASDAQ:DIBS) major shareholder Insight Holdings Group, Llc sold 23,847 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $6.19, for a total transaction of $147,612.93. Following the completion of the transaction, the insider now directly owns 54,601 shares of the company’s stock, valued at $337,980.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large 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, March 25th, Insight Holdings Group, Llc sold 32,193 shares of 1stdibs.Com stock. The stock was sold at an average price of $6.06, for a total value of $195,089.58.
• 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 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 Trading Down 1.8 %

Shares of DIBS stock opened at $5.95 on Thursday. The stock has a market cap of $236.51 million, a P/E ratio of -10.44 and a beta of 1.02. 1stdibs.Com, Inc. has a 1 year low of $3.44 and a 1 year high of $6.30. The stock has a 50 day simple moving average of $5.13 and a 200 day simple moving average of $4.54.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in 1stdibs.Com by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 63,344 shares of the company’s stock worth $322,000 after acquiring an additional 2,315 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of 1stdibs.Com by 2.0% during the fourth quarter. Renaissance Technologies LLC now owns 120,900 shares of the company’s stock valued at $614,000 after acquiring an additional 2,400 shares during the last quarter. Banco Santander S.A. lifted its holdings in shares of 1stdibs.Com by 21.1% during the third quarter. Banco Santander S.A. now owns 13,937 shares of the company’s stock worth $51,000 after purchasing an additional 2,433 shares during the period. JPMorgan Chase & Co. grew its position in shares of 1stdibs.Com by 31.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,484 shares of the company’s stock valued at $71,000 after buying an additional 2,975 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of 1stdibs.Com by 114.1% in the first quarter. California State Teachers Retirement System now owns 8,703 shares of the company’s stock valued at $70,000 after buying an additional 4,638 shares during the period. 66.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI raised 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 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.