Etsy (NYSE:ETSY) Insider Sells $3,883,446.00 in Stock

Etsy Inc (NYSE:ETSYGet Free Report) insider Josh Silverman sold 52,479 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $74.00, for a total value of $3,883,446.00. Following the completion of the sale, the insider directly owned 130,694 shares of the company’s stock, valued at approximately $9,671,356. The trade was a 28.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • 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 Monday, June 1st, Josh Silverman sold 134,730 shares of Etsy stock. The shares were sold at an average price of $68.89, for a total value of $9,281,549.70.
  • On Friday, May 1st, Josh Silverman sold 88,350 shares of Etsy stock. The shares were sold at an average price of $64.18, for a total value of $5,670,303.00.
  • On Wednesday, April 29th, Josh Silverman sold 36,443 shares of Etsy stock. The shares were sold at an average price of $69.00, for a total value of $2,514,567.00.
  • On Tuesday, April 21st, Josh Silverman sold 70,000 shares of Etsy stock. The shares were sold at an average price of $65.00, for a total value of $4,550,000.00.
  • On Monday, April 20th, Josh Silverman sold 30,369 shares of Etsy stock. The shares were sold at an average price of $64.00, for a total value of $1,943,616.00.
  • On Thursday, April 16th, Josh Silverman sold 24,296 shares of Etsy stock. The shares were sold at an average price of $59.00, for a total value of $1,433,464.00.
  • On Monday, April 6th, Josh Silverman sold 12,148 shares of Etsy stock. The shares were sold at an average price of $54.00, for a total value of $655,992.00.
  • On Wednesday, April 1st, Josh Silverman sold 6,074 shares of Etsy stock. The shares were sold at an average price of $49.07, for a total value of $298,051.18.

Etsy Stock Performance

ETSY traded down $0.72 during trading hours on Wednesday, reaching $72.62. The company’s stock had a trading volume of 3,482,366 shares, compared to its average volume of 3,387,775. Etsy Inc has a 52 week low of $44.00 and a 52 week high of $76.51. The company’s 50-day moving average is $62.92 and its 200-day moving average is $57.44. The firm has a market cap of $6.89 billion, a PE ratio of 30.26, a price-to-earnings-growth ratio of 2.88 and a beta of 1.88.

Wall Street Analysts Forecast Growth

ETSY has been the topic of several recent research reports. Needham & Company LLC increased their price objective on Etsy from $65.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Citigroup initiated coverage on Etsy in a research report on Thursday, May 21st. They set an “outperform” rating on the stock. Susquehanna cut Etsy to a “neutral” rating in a research report on Thursday, May 21st. Wall Street Zen cut Etsy from a “buy” rating to a “hold” rating in a research report on Sunday, May 31st. Finally, UBS Group upgraded Etsy from a “neutral” rating to a “neutral” rating in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Etsy presently has an average rating of “Hold” and an average target price of $71.00.

Read Our Latest Analysis on ETSY

Institutional Trading of Etsy

Large investors have recently modified their holdings of the stock. EFG International AG acquired a new stake in shares of Etsy during the 4th quarter worth $33,000. Danske Bank A S acquired a new stake in shares of Etsy during the 3rd quarter worth $66,000. Federation des caisses Desjardins du Quebec grew its holdings in shares of Etsy by 22.8% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,210 shares of the company’s stock worth $67,000 after purchasing an additional 225 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Etsy by 19.3% during the 1st quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock worth $62,000 after purchasing an additional 200 shares in the last quarter. Finally, LSV Asset Management acquired a new stake in shares of Etsy during the 3rd quarter worth $86,000. 99.53% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Etsy

Here are the key news stories impacting Etsy this week:

  • Positive Sentiment: Etsy was upgraded by Zacks Research from hold to strong-buy, reinforcing bullish sentiment and signaling improving outlook from a prominent research firm. Article Title
  • Positive Sentiment: Etsy was added to Zacks’ Rank #1 (Strong Buy) list, which can attract momentum and fundamental investors looking for upgraded names. Article Title
  • Positive Sentiment: Etsy launched a timely “Shop Other Jeffs” campaign aimed at competing with Amazon Prime Day, highlighting non-billionaire Etsy sellers and limited-edition merchandise to boost traffic and brand awareness. Article Title
  • Positive Sentiment: Multiple outlets praised Etsy’s anti-Amazon advertising effort as a smart way to differentiate the marketplace and appeal to shoppers looking for alternatives to big-box platforms. Article Title
  • Neutral Sentiment: Some commentary noted that Etsy has already had a strong run this year, which may keep valuation-sensitive investors cautious even as the stock has outperformed. Article Title
  • Negative Sentiment: A report from NBC highlighted that some Etsy sellers are still struggling with the impact of tariffs, suggesting ongoing pressure on parts of the platform’s seller base. Article Title

Etsy Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Etsy (NYSE:ETSY)

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