1stdibs.Com, Inc. (NASDAQ:DIBS) Major Shareholder Sells $227,100.00 in Stock

1stdibs.Com, Inc. (NASDAQ:DIBS) major shareholder Insight Holdings Group, Llc sold 45,420 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $5.00, for a total value of $227,100.00. Following the completion of the sale, the insider now directly owns 50,235 shares in the company, valued at $251,175. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Large 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 Monday, April 15th, Insight Holdings Group, Llc sold 35,313 shares of 1stdibs.Com stock. The stock was sold at an average price of $5.05, for a total value of $178,330.65.
• 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 stock was 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 stock was 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 stock was 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 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 shares were sold at an average price of $6.14, for a total value of $184,562.26.

1stdibs.Com Stock Performance

Shares of NASDAQ:DIBS traded up $0.11 during mid-day trading on Wednesday, hitting $5.10. 134,359 shares of the company traded hands, compared to its average volume of 115,513. The firm has a market cap of $202.83 million, a P/E ratio of -8.95 and a beta of 1.07. 1stdibs.Com, Inc. has a 52-week low of $3.44 and a 52-week high of $6.30. The firm’s 50 day simple moving average is $5.39 and its 200 day simple moving average is $4.74.

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

Institutional Investors Weigh In On 1stdibs.Com

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in 1stdibs.Com by 14.8% during the 4th quarter. Vanguard Group Inc. now owns 1,173,707 shares of the company’s stock worth $5,493,000 after purchasing an additional 151,147 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in 1stdibs.Com during the 4th quarter worth approximately $112,000. Virtu Financial LLC purchased a new stake in 1stdibs.Com during the 4th quarter worth approximately $47,000. Bridgeway Capital Management LLC increased its holdings in 1stdibs.Com by 9.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 166,819 shares of the company’s stock worth $781,000 after purchasing an additional 14,219 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in 1stdibs.Com during the 4th quarter worth approximately $377,000. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Evercore ISI upgraded 1stdibs.Com from an “in-line” rating to an “outperform” rating and raised their target price 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.