Insider Selling: Etsy (NYSE:ETSY) Insider Sells 11,696 Shares

Etsy Inc (NYSE:ETSYGet Free Report) insider Josh Silverman sold 11,696 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $81.85, for a total value of $957,317.60. Following the transaction, the insider directly owned 249,559 shares in the company, valued at approximately $20,426,404.15. This represents a 4.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Thursday, September 3rd, Josh Silverman sold 1,671 shares of Etsy stock. The shares were 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.
  • On Monday, August 3rd, Josh Silverman sold 41,108 shares of Etsy stock. The stock was sold at an average price of $83.11, for a total value of $3,416,485.88.
  • On Friday, July 10th, Josh Silverman sold 39,161 shares of Etsy stock. The stock was sold at an average price of $79.00, for a total value of $3,093,719.00.
  • On Wednesday, July 1st, Josh Silverman sold 92,404 shares of Etsy stock. The shares were sold at an average price of $74.93, for a total transaction 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 transaction 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 transaction 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.

Etsy Stock Up 0.2%

Shares of NYSE ETSY traded up $0.16 during midday trading on Thursday, hitting $81.88. The stock had a trading volume of 2,628,958 shares, compared to its average volume of 3,233,756. Etsy Inc has a 1-year low of $44.00 and a 1-year high of $87.97. The company has a market capitalization of $7.77 billion, a price-to-earnings ratio of 45.74, a PEG ratio of 2.04 and a beta of 1.81. The company has a fifty day moving average price of $81.23 and a 200 day moving average price of $66.99.

Etsy (NYSE:ETSYGet Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($1.24). Etsy had a negative return on equity of 34.18% and a net margin of 7.32%.The business had revenue of $668.31 million for the quarter, compared to analysts’ expectations of $646.10 million. During the same period last year, the company posted $0.25 earnings per share. The firm’s revenue for the quarter was down .7% on a year-over-year basis. On average, research analysts forecast that Etsy Inc will post 3.94 EPS for the current year.

Institutional Trading of Etsy

Several institutional investors and hedge funds have recently bought and sold shares of ETSY. Headlands Technologies LLC acquired a new position in Etsy in the second quarter valued at approximately $1,045,000. Ieq Capital LLC acquired a new stake in shares of Etsy during the 2nd quarter worth approximately $4,083,000. Landscape Capital Management L.L.C. bought a new stake in shares of Etsy in the 2nd quarter worth approximately $6,466,000. Bank of Nova Scotia bought a new stake in shares of Etsy in the 2nd quarter worth approximately $18,602,000. Finally, Janus Henderson Group PLC boosted its position in Etsy by 627.2% during the 1st quarter. Janus Henderson Group PLC now owns 279,407 shares of the company’s stock valued at $13,962,000 after purchasing an additional 240,986 shares during the period. Institutional investors and hedge funds own 99.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ETSY. BTIG Research lowered shares of Etsy from a “buy” rating to a “neutral” rating in a report on Thursday, July 16th. Guggenheim lifted their target price on Etsy from $85.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Jefferies Financial Group boosted their price target on Etsy from $62.00 to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada downgraded Etsy to a “sector perform” rating in a report on Thursday, August 20th. Finally, Rosenblatt Securities initiated coverage on Etsy in a research report on Thursday, August 20th. They issued a “buy” rating and a $95.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Etsy currently has a consensus rating of “Moderate Buy” and an average target price of $84.68.

Read Our Latest Research Report on Etsy

Key Etsy News

Here are the key news stories impacting Etsy this week:

  • Positive Sentiment: Zacks Research upgraded Etsy from “hold” to “strong-buy,” providing a positive technical and sentiment catalyst for the stock. Etsy investor conference announcement
  • Positive Sentiment: Etsy will participate in the Goldman Sachs Communacopia and Technology Conference on September 9. Investors may look for updates on marketplace trends, growth initiatives and outlook during the webcast fireside chat, although no new financial guidance was provided. Etsy to Participate in Upcoming Investor Conference
  • Neutral Sentiment: Several executives and directors reported stock sales totaling roughly 36,280 shares. Josh Silverman sold 13,367 shares, director Frederick Wilson sold 20,000 shares, and Richard Edward Colburn III sold 2,913 shares. Silverman’s and Wilson’s transactions were executed under pre-arranged Rule 10b5-1 plans, while Colburn’s sale covered tax withholding tied to vested equity awards, reducing the likelihood that the trades signal deteriorating confidence. Etsy insider transaction filing
  • Negative Sentiment: The insider transactions represent near-term selling pressure and may attract investor attention because they occurred around the $82–$84 range. However, the sellers retained substantial holdings, including Silverman’s approximately 249,559 shares and Wilson’s approximately 401,329 shares. Etsy director transaction filing

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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