Etsy (NYSE:ETSY) Stock: Insider Josh Silverman Sells 41,500 Shares

Etsy Inc (NYSE:ETSY) insider Josh Silverman sold 41,500 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $92.13, for a total transaction of $3,823,395.00. Following the completion of the sale, the insider owned 221,117 shares of the company’s stock, valued at approximately $20,371,509.21. This represents a 15.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Josh Silverman also recently made the following trade(s):

• On Friday, October 30th, Josh Silverman sold 1,189 shares of Etsy stock. The stock was sold at an average price of $88.70, for a total value of $105,464.30.
• On Thursday, October 15th, Josh Silverman sold 417 shares of Etsy stock. The stock was sold at an average price of $84.47, for a total value of $35,223.99.
• On Tuesday, October 13th, Josh Silverman sold 714 shares of Etsy stock. The shares were sold at an average price of $79.00, for a total value of $56,406.00.
• On Thursday, October 8th, Josh Silverman sold 383 shares of Etsy stock. The shares were sold at an average price of $74.00, for a total value of $28,342.00.
• On Thursday, October 1st, Josh Silverman sold 2,090 shares of Etsy stock. The stock was sold at an average price of $72.45, for a total value of $151,420.50.
• On Tuesday, September 1st, Josh Silverman sold 11,696 shares of Etsy stock. The stock was sold at an average price of $81.85, for a total value of $957,317.60.
• On Thursday, September 3rd, Josh Silverman sold 1,671 shares of Etsy stock. The stock was sold at an average price of $84.00, for a total value of $140,364.00.
• On Tuesday, August 4th, Josh Silverman sold 6,294 shares of Etsy stock. The shares were sold at an average price of $84.00, for a total value of $528,696.00.

Etsy Stock Performance

Shares of ETSY opened at $90.18 on Wednesday. The stock has a 50 day simple moving average of $79.04 and a 200 day simple moving average of $68.51. Etsy Inc has a 52-week low of $44.00 and a 52-week high of $95.49. The firm has a market capitalization of $7.77 billion, a PE ratio of 10.65, a P/E/G ratio of 1.96 and a beta of 1.76.

Etsy (NYSE:ETSY) last posted its earnings results on Wednesday, October 28th. The company reported $7.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $6.55. The business had revenue of $692.47 million during the quarter, compared to analysts’ expectations of $669.04 million. Etsy had a negative return on equity of 43.65% and a net margin of 34.36%. Etsy’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.63 EPS. Equities research analysts predict that Etsy Inc will post 4.31 EPS for the current fiscal year.

Key Headlines Impacting Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Third-quarter results beat expectations: revenue rose 10.9% year over year to $692.5 million, and non-GAAP EPS of $1.56 exceeded analyst estimates. On the earnings call, management also highlighted 8.8% gross merchandise sales growth, improving buyer trends, and plans to use AI-powered personalization to support stronger holiday-quarter sales. Etsy Q3 Earnings Call Highlights Growth and AI Priorities
• Neutral Sentiment: Etsy is tightening its rules for AI-generated listings as sellers seek better protections for original creative work. Clearer policies could reinforce the marketplace’s distinctiveness, but implementation may bring seller friction. Etsy tightens AI rules
• Negative Sentiment: Several insiders disclosed share sales, including CEO Josh Silverman’s sale of 41,500 shares and director sales by Marla Blow and Frederick Wilson. Such sales can weigh on sentiment, though they do not by themselves establish a negative view of the business. Etsy insider trades
• Negative Sentiment: Commentary warns that AI-generated products could erode Etsy’s handmade-goods identity and seller trust if they dilute product quality or differentiation. AI is just the newest threat to Etsy’s handmade promise
• Negative Sentiment: A sharp selloff in Shopify following disappointing GMV and subscription-revenue figures weighed on some e-commerce stocks, including Etsy, suggesting investors may be cautious about the sector despite Etsy’s own improving results. Shopify plunges as GMV and subscription revenue miss estimates

Hedge Funds Weigh In On Etsy

Several hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC bought a new position in Etsy in the second quarter valued at $34,000. EFG International AG acquired a new stake in Etsy in the 2nd quarter valued at $45,000. Signaturefd LLC increased its stake in Etsy by 61.8% in the 3rd quarter. Signaturefd LLC now owns 762 shares of the company’s stock valued at $54,000 after buying an additional 291 shares during the last quarter. CoreCap Advisors LLC increased its stake in Etsy by 2,379.1% in the 2nd quarter. CoreCap Advisors LLC now owns 1,066 shares of the company’s stock valued at $80,000 after buying an additional 1,023 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in Etsy during the 2nd quarter worth about $105,000. 99.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Seaport Research Partners upgraded shares of Etsy to a “buy” rating in a report on Thursday, August 20th. Barclays upped their target price on shares of Etsy from $94.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, October 29th. Wedbush upped their target price on shares of Etsy from $88.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, October 29th. Needham & Company LLC increased their target price on Etsy from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. Finally, Argus lifted their price target on Etsy from $67.00 to $89.00 and gave the company a “buy” rating in a research note on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Etsy currently has an average rating of “Hold” and an average price target of $94.07.

Etsy Company Profile

Etsy, Inc operates an online marketplace that connects independent sellers with consumers seeking unique and creative goods. Its marketplace features products such as handmade items, personalized gifts, vintage merchandise, home décor, jewelry, clothing, craft supplies and other goods made, designed, selected or sourced by individual sellers and small businesses.

The company provides tools and services that support marketplace activity, including seller storefronts, search and discovery features, payment processing, advertising, shipping assistance and customer support.