Insider Selling: Etsy (NYSE:ETSY) Insider Sells $528,696.00 in Stock

Etsy Inc (NYSE:ETSY) insider Josh Silverman sold 6,294 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $84.00, for a total transaction of $528,696.00. Following the completion of the transaction, the insider directly owned 249,559 shares in the company, valued at $20,962,956. This trade represents a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 3rd, Josh Silverman sold 41,108 shares of Etsy stock. The shares were sold at an average price of $83.11, for a total transaction of $3,416,485.88.
• On Friday, July 10th, Josh Silverman sold 39,161 shares of Etsy stock. The shares were sold at an average price of $79.00, for a total transaction of $3,093,719.00.
• On Wednesday, July 1st, Josh Silverman sold 92,404 shares of Etsy stock. The stock was sold at an average price of $74.93, for a total value of $6,923,831.72.
• On Wednesday, June 24th, Josh Silverman sold 97,389 shares of Etsy stock. The stock was sold at an average price of $79.00, for a total value of $7,693,731.00.
• On Monday, June 15th, Josh Silverman sold 50,000 shares of Etsy stock. The shares were sold at an average price of $72.50, for a total value of $3,625,000.00.
• On Tuesday, June 16th, Josh Silverman sold 52,479 shares of Etsy stock. The shares were sold at an average price of $74.00, for a total value of $3,883,446.00.
• On Monday, June 1st, Josh Silverman sold 134,730 shares of Etsy stock. The stock was sold at an average price of $68.89, for a total value of $9,281,549.70.

Etsy Stock Up 3.9%

NYSE:ETSY opened at $85.45 on Friday. The company has a market capitalization of $8.11 billion, a PE ratio of 47.74, a P/E/G ratio of 3.35 and a beta of 1.84. Etsy Inc has a 52-week low of $44.00 and a 52-week high of $87.97. The stock’s 50 day moving average price is $77.45 and its 200 day moving average price is $63.70.

Etsy News Summary

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Q2 earnings beat expectations: Etsy reported approximately $668.3 million in revenue and adjusted earnings of $1.34 per share, exceeding consensus estimates of $646.1 million and $1.17, respectively. Strength in gross merchandise sales (GMS), Etsy Ads and operating leverage helped drive the results. Etsy Q2 Earnings Beat on GMS and Ads Strength
• Positive Sentiment: Growth and guidance improved: Standalone Etsy GMS growth accelerated to 7.5% year over year, supported by higher order values, increased active buyers, mobile momentum and better buyer retention. Management raised its 2026 growth outlook as search, personalization and marketing initiatives gain traction. Etsy Q2 Earnings Call Lifts Outlook
• Positive Sentiment: Analyst optimism increased: JPMorgan upgraded Etsy to “overweight” and raised its price target to $100, while Needham also lifted its target to $100 with a “buy” rating. The targets reflect expectations that Etsy’s turnaround may continue. JPMorgan Upgrades Etsy
• Positive Sentiment: Large buyback authorized: Etsy approved an additional $2 billion share-repurchase program, which could support earnings per share and return capital to shareholders. Etsy Workforce Reduction and Buyback
• Neutral Sentiment: Analyst views remain mixed: Piper Sandler, Wells Fargo and Cantor Fitzgerald raised price targets but retained neutral or underweight ratings, suggesting that some analysts believe the recent gains already reflect much of the improvement.
• Negative Sentiment: Restructuring and insider sales create risks: Etsy plans to cut about 220 jobs, or 12% of its workforce, to simplify operations and accelerate execution. The CFO and executive chair also sold shares under pre-arranged Rule 10b5-1 plans, which may weigh on sentiment despite having limited predictive value. Etsy Layoffs Amid Restructuring

Institutional Investors Weigh In On Etsy

A number of hedge funds and other institutional investors have recently bought and sold shares of ETSY. EFG International AG acquired a new position in shares of Etsy during the 4th quarter worth $33,000. Global Retirement Partners LLC acquired a new stake in shares of Etsy in the second quarter valued at about $34,000. Blue Trust Inc. boosted its holdings in Etsy by 19.3% during the first quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock worth $62,000 after buying an additional 200 shares in the last quarter. Danske Bank A S purchased a new stake in Etsy during the third quarter worth about $66,000. Finally, Federation des caisses Desjardins du Quebec grew its position in Etsy by 22.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,210 shares of the company’s stock worth $67,000 after buying an additional 225 shares during the period. Institutional investors and hedge funds own 99.53% of the company’s stock.

Wall Street Analysts Forecast Growth

ETSY has been the subject of several research reports. Barclays upped their price target on shares of Etsy from $82.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday. Sanford C. Bernstein raised their price objective on shares of Etsy from $60.00 to $65.00 and gave the stock a “market perform” rating in a research report on Thursday, April 30th. Cantor Fitzgerald upped their target price on shares of Etsy from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Friday. JPMorgan Chase & Co. raised shares of Etsy from a “neutral” rating to an “overweight” rating and upped their target price for the company from $85.00 to $100.00 in a report on Friday. Finally, Wall Street Zen downgraded shares of Etsy from a “buy” rating to a “hold” rating in a research note on Sunday, May 31st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Etsy has a consensus rating of “Hold” and a consensus price target of $81.23.

About Etsy

Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items. In addition, it offers various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, Australia, and India to purchase discounted shipping labels.