Insight Holdings Group, Llc Sells 32,193 Shares of 1stdibs.Com, Inc. (NASDAQ:DIBS) Stock

1stdibs.Com, Inc. (NASDAQ:DIBS) major shareholder Insight Holdings Group, Llc sold 32,193 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $6.06, for a total value of $195,089.58. Following the completion of the sale, the insider now owns 54,205 shares in the company, valued at approximately $328,482.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Insight Holdings Group, Llc also recently made the following trade(s):

• 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 stock was sold at an average price of $6.14, for a total value of $184,562.26.

1stdibs.Com Price Performance

Shares of DIBS stock opened at $5.95 on Thursday. 1stdibs.Com, Inc. has a 1-year low of $3.44 and a 1-year high of $6.30. The stock’s 50-day moving average is $5.13 and its 200 day moving average is $4.54. The company has a market cap of $236.51 million, a P/E ratio of -10.44 and a beta of 1.02.

1stdibs.Com (NASDAQ:DIBS) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. 1stdibs.Com had a negative return on equity of 16.46% and a negative net margin of 26.80%. The company had revenue of $20.92 million for the quarter, compared to the consensus estimate of $19.77 million. On average, analysts anticipate that 1stdibs.Com, Inc. will post -0.39 EPS for the current year.

Institutional Investors Weigh In On 1stdibs.Com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its stake in 1stdibs.Com by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 63,344 shares of the company’s stock valued at $322,000 after buying an additional 2,315 shares during the last quarter. Renaissance Technologies LLC raised its stake in 1stdibs.Com by 2.0% in the fourth quarter. Renaissance Technologies LLC now owns 120,900 shares of the company’s stock valued at $614,000 after buying an additional 2,400 shares during the last quarter. Banco Santander S.A. raised its stake in 1stdibs.Com by 21.1% in the third quarter. Banco Santander S.A. now owns 13,937 shares of the company’s stock valued at $51,000 after buying an additional 2,433 shares during the last quarter. JPMorgan Chase & Co. raised its stake in 1stdibs.Com by 31.3% in the second quarter. JPMorgan Chase & Co. now owns 12,484 shares of the company’s stock valued at $71,000 after buying an additional 2,975 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in 1stdibs.Com by 114.1% in the first quarter. California State Teachers Retirement System now owns 8,703 shares of the company’s stock valued at $70,000 after buying an additional 4,638 shares during the last quarter. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Evercore ISI raised 1stdibs.Com from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $6.00 to $8.00 in a research report on Monday, March 18th.

About 1stdibs.Com

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.