Etsy Inc. (ETSY) CFO Kristina Salen Sells 20,000 Shares
Etsy Inc. (NASDAQ:ETSY) CFO Kristina Salen sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $15.00, for a total value of $300,000.00. Following the sale, the chief financial officer now directly owns 4,706 shares of the company’s stock, valued at $70,590. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Kristina Salen also recently made the following trade(s):
- On Friday, September 23rd, Kristina Salen sold 63,161 shares of Etsy stock. The stock was sold at an average price of $15.00, for a total value of $947,415.00.
- On Wednesday, September 21st, Kristina Salen sold 156,839 shares of Etsy stock. The stock was sold at an average price of $15.00, for a total value of $2,352,585.00.
Shares of Etsy Inc. (NASDAQ:ETSY) opened at 15.35 on Thursday. The company’s market cap is $1.70 billion. The firm’s 50-day moving average is $14.11 and its 200-day moving average is $10.77. Etsy Inc. has a one year low of $6.04 and a one year high of $15.83.
Etsy (NASDAQ:ETSY) last released its earnings results on Tuesday, August 2nd. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.05. Etsy had a negative net margin of 5.37% and a negative return on equity of 3.08%. The firm had revenue of $85.35 million for the quarter, compared to analysts’ expectations of $80.55 million. During the same quarter last year, the firm posted ($0.07) EPS. The firm’s quarterly revenue was up 38.9% compared to the same quarter last year. On average, equities analysts anticipate that Etsy Inc. will post ($0.06) EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA boosted its position in Etsy by 107.6% in the third quarter. BNP Paribas Arbitrage SA now owns 8,598 shares of the company’s stock worth $123,000 after buying an additional 4,456 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Etsy by 216.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 185,806 shares of the company’s stock worth $1,782,000 after buying an additional 126,998 shares during the period. Amalgamated Bank purchased a new position in Etsy during the second quarter worth $161,000. American Century Companies Inc. purchased a new position in Etsy during the second quarter worth $166,000. Finally, Legal & General Group Plc boosted its position in Etsy by 1,829.4% in the second quarter. Legal & General Group Plc now owns 11,017 shares of the company’s stock worth $104,000 after buying an additional 10,446 shares during the period. Institutional investors own 58.14% of the company’s stock.
ETSY has been the subject of a number of recent research reports. Loop Capital initiated coverage on Etsy in a report on Tuesday, September 13th. They set a “hold” rating and a $14.00 price objective for the company. Morgan Stanley restated an “equal weight” rating and issued a $13.50 target price (up previously from $11.50) on shares of Etsy in a research note on Monday, September 12th. Monness Crespi & Hardt upgraded Etsy from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Wednesday, September 21st. Zacks Investment Research upgraded Etsy from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Monday. Finally, Vetr downgraded Etsy from a “strong-buy” rating to a “buy” rating and set a $12.44 target price on the stock. in a research note on Monday, August 1st. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $14.16.
Etsy Company Profile
Etsy, Inc (Etsy) operates a marketplace to connect people around the both online and offline for making, selling and buying goods. The Company’s geographical segments include United States and International. The Company’s community includes Etsy sellers, Etsy buyers, wholesale partners, manufacturers and Etsy employees.
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