Insider Selling: 1stdibs.com (NASDAQ:DIBS) CFO Sells 19,391 Shares of Stock

Key Points

• 1stdibs.com CFO Thomas Etergino sold 19,391 shares of stock for approximately $54,294.80, resulting in a 7.45% decrease in his ownership.
• The company's stock is currently down 4.8% and trades at $2.75, slightly above its 52-week low of $2.30.
• 1stdibs.com reported a negative net margin of 22.58% and a loss of $0.12 per share for the last quarter, exceeding expectations by $0.05.

1stdibs.com, Inc. (NASDAQ:DIBS - Get Free Report) CFO Thomas J. Etergino sold 19,391 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 $54,294.80. Following the completion of the transaction, the chief financial officer owned 240,937 shares of the company's stock, valued at approximately $674,623.60. This represents a 7.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

1stdibs.com Stock Performance

Shares of 1stdibs.com stock traded down $0.02 on Monday, hitting $2.78. The company's stock had a trading volume of 40,016 shares, compared to its average volume of 46,745. 1stdibs.com, Inc. has a 1 year low of $2.30 and a 1 year high of $4.85. The firm has a fifty day moving average price of $2.71 and a 200-day moving average price of $2.73. The company has a market capitalization of $100.78 million, a price-to-earnings ratio of -5.05 and a beta of 1.07.

1stdibs.com (NASDAQ:DIBS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping 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 company had revenue of $22.14 million for the quarter, compared to analysts' expectations of $22.19 million. As a group, analysts forecast that 1stdibs.com, Inc. will post -0.52 EPS for the current year.

Analysts Set New Price Targets

DIBS has been the topic of several research analyst reports. 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 report on Sunday, August 10th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of "Hold".

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Topline Capital Management LLC acquired a new position in shares of 1stdibs.com during the 2nd quarter worth approximately $120,000. Jane Street Group LLC raised its position 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 valued at $196,000 after buying an additional 56,530 shares during the period. RBF Capital LLC purchased a new stake in shares of 1stdibs.com during the 2nd quarter valued at approximately $77,000. Qube Research & Technologies Ltd purchased a new stake in shares of 1stdibs.com during the 2nd quarter valued at approximately $99,000. Finally, Jump Financial LLC purchased a new stake in shares of 1stdibs.com during the 2nd quarter valued at approximately $30,000. 66.97% of the stock is currently owned by institutional investors and hedge funds.

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.