1stdibs.com (NASDAQ:DIBS) CEO 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 Rosenblatt sold 73,207 shares of 1stdibs.com stock in a transaction on Monday, September 8th. The shares were sold at an average price of $2.80, for a total value of $204,979.60. Following the completion of the sale, the chief executive officer directly owned 1,845,898 shares of the company's stock, valued at approximately $5,168,514.40. This represents a 3.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

1stdibs.com Stock Down 4.8%

DIBS traded down $0.14 during midday trading on Wednesday, hitting $2.75. The company's stock had a trading volume of 74,302 shares, compared to its average volume of 46,878. 1stdibs.com, Inc. has a 52-week low of $2.30 and a 52-week high of $5.00. The firm has a 50-day moving average price of $2.71 and a two-hundred day moving average price of $2.76.

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

Analyst Ratings Changes

Several research analysts recently weighed in on DIBS shares. Wall Street Zen raised 1stdibs.com from a "sell" rating to a "hold" rating in a research report on Sunday, August 10th. Weiss Ratings restated a "sell (e+)" rating on shares of 1stdibs.com in a report on Saturday, August 30th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, 1stdibs.com has a consensus rating of "Hold".

Institutional Investors Weigh In On 1stdibs.com

A number of hedge funds have recently made changes to their positions in the business. Jump Financial LLC acquired a new position in shares of 1stdibs.com in the 2nd quarter worth approximately $30,000. Catalyst Funds Management Pty Ltd acquired a new stake in shares of 1stdibs.com in the second quarter worth $30,000. Kovitz Investment Group Partners LLC bought a new stake in 1stdibs.com during the first quarter valued at about $42,000. Wells Fargo & Company MN boosted its stake in 1stdibs.com by 26.0% during the 4th quarter. Wells Fargo & Company MN now owns 14,256 shares of the company's stock valued at $50,000 after purchasing an additional 2,939 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of 1stdibs.com in the first quarter worth $45,000. Institutional investors own 66.97% of the company's stock.

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.

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