1stdibs.com (NASDAQ:DIBS) CEO David S. Rosenblatt Sells 73,207 Shares

Key Points

• CEO David Rosenblatt of 1stdibs.com sold 73,207 shares at an average price of $2.80, totaling approximately $204,979.
• Following the sale, Rosenblatt's ownership decreased by 3.81%, leaving him with roughly 1.84 million shares valued at about $5.17 million.
• 1stdibs.com stock has seen a decline of 4.8% recently, trading at around $2.75 with a 52-week range of $2.30 to $5.00.

1stdibs.com, Inc. (NASDAQ:DIBS - Get Free Report) CEO David S. Rosenblatt sold 73,207 shares of 1stdibs.com stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $2.80, for a total value of $204,979.60. Following the transaction, the chief executive officer owned 1,845,898 shares in the company, valued at $5,168,514.40. This trade represents a 3.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

1stdibs.com Trading Down 0.7%

Shares of NASDAQ:DIBS traded down $0.02 during trading on Monday, hitting $2.78. 40,016 shares of the company's stock traded hands, compared to its average volume of 46,745. 1stdibs.com, Inc. has a 52 week low of $2.30 and a 52 week high of $4.85. The company has a market cap of $100.78 million, a price-to-earnings ratio of -5.05 and a beta of 1.07. The company has a 50-day moving average price of $2.71 and a 200-day moving average price of $2.73.

1stdibs.com (NASDAQ:DIBS - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.05. 1stdibs.com had a negative return on equity of 20.13% and a negative net margin of 22.58%.The business had revenue of $22.14 million for the quarter, compared to analysts' expectations of $22.19 million. On average, analysts predict that 1stdibs.com, Inc. will post -0.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on DIBS. Weiss Ratings reiterated a "sell (e+)" rating on shares of 1stdibs.com in a report on Saturday, August 30th. Wall Street Zen upgraded 1stdibs.com from a "sell" rating to a "hold" rating in a research note on Sunday, August 10th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Institutional Investors Weigh In On 1stdibs.com

Institutional investors have recently bought and sold shares of the company. Truffle Hound Capital LLC bought a new stake in shares of 1stdibs.com during the 2nd quarter worth approximately $1,100,000. Y Intercept Hong Kong Ltd bought a new stake in shares of 1stdibs.com during the 2nd quarter worth approximately $254,000. Dimensional Fund Advisors LP raised its stake in shares of 1stdibs.com by 29.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 354,293 shares of the company's stock worth $1,254,000 after purchasing an additional 80,693 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of 1stdibs.com by 380.8% during the 2nd quarter. Jane Street Group LLC now owns 71,375 shares of the company's stock worth $196,000 after acquiring an additional 56,530 shares during the last quarter. Finally, Beck Mack & Oliver LLC increased its holdings in shares of 1stdibs.com by 1.7% during the 1st quarter. Beck Mack & Oliver LLC now owns 3,344,426 shares of the company's stock worth $10,167,000 after acquiring an additional 55,116 shares during the last quarter. Institutional investors own 66.97% of the company's stock.

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.