Insider Selling: Etsy (NYSE:ETSY) CFO Sells $134,316.32 in Stock

Key Points

• Etsy CFO Charles Baker sold 1,564 shares at an average price of $85.88, generating $134,316.32. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 12.1% to 11,357 shares.
• Etsy shares fell $3.57 to $82.29, while the company’s market capitalization stood at approximately $7.81 billion. Institutional investors own 99.53% of the stock.
• Analysts remain cautious, with a consensus “Hold” rating and an average price target of $76.28—below the current share price—despite some analysts raising their targets.

Etsy Inc (NYSE:ETSY - Get Free Report) CFO Charles Baker sold 1,564 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $85.88, for a total transaction of $134,316.32. Following the completion of the transaction, the chief financial officer owned 11,357 shares of the company's stock, valued at approximately $975,339.16. The trade was a 12.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Etsy Price Performance

Shares of ETSY stock traded down $3.57 on Thursday, hitting $82.29. 7,000,711 shares of the stock traded hands, compared to its average volume of 3,264,664. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 3.39 and a beta of 1.84. Etsy Inc has a 52 week low of $44.00 and a 52 week high of $87.97. The firm has a 50 day simple moving average of $77.10 and a two-hundred day simple moving average of $63.55.

Institutional Investors Weigh In On Etsy

Several institutional investors have recently modified their holdings of ETSY. Global Retirement Partners LLC purchased a new stake in Etsy during the 2nd quarter valued at $34,000. EFG International AG purchased a new position in Etsy during the fourth quarter worth $33,000. Danske Bank A S purchased a new position in Etsy during the third quarter worth $66,000. CoreCap Advisors LLC increased its position in Etsy by 2,379.1% during the second quarter. CoreCap Advisors LLC now owns 1,066 shares of the company's stock valued at $80,000 after acquiring an additional 1,023 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec increased its position in Etsy by 22.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,210 shares of the company's stock valued at $67,000 after acquiring an additional 225 shares during the last quarter. 99.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ETSY shares. Wells Fargo & Company boosted their price objective on Etsy from $47.00 to $61.00 and gave the company an "underweight" rating in a research report on Thursday, April 30th. Susquehanna cut Etsy to a "neutral" rating in a research report on Thursday, May 21st. Wall Street Zen cut Etsy from a "buy" rating to a "hold" rating in a research report on Sunday, May 31st. Canaccord Genuity Group set a $92.00 target price on Etsy in a research note on Thursday. Finally, Barclays boosted their price target on Etsy from $72.00 to $82.00 and gave the stock an "overweight" rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $76.28.

Trending Headlines about Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Q2 earnings beat estimates and the outlook was raised. Etsy reported adjusted earnings of $1.34 per share, above the $1.17 consensus, while revenue of approximately $668 million also exceeded expectations. Gross merchandise sales, Etsy Ads and operating leverage supported results, and stronger margins helped management raise its 2026 outlook. ETSY Q2 Earnings Beat on GMS and Ads Strength, Revenues Rise Y/Y
• Positive Sentiment: A new $2 billion share-repurchase authorization could support per-share results. The buyback gives Etsy significant flexibility to return capital and may signal management’s confidence that the shares are attractive over the long term. Etsy to Cut 12% of Workforce as It Simplifies Operations
• Positive Sentiment: Etsy’s artificial-intelligence initiatives are beginning to contribute to the turnaround narrative. Management is using AI to personalize shopping, improve product discovery and develop conversational commerce tools, potentially increasing engagement and marketplace conversion. Etsy's Three-Way AI Bet Is Starting to Pay Off
• Neutral Sentiment: Etsy will present at the Canaccord Genuity Growth Conference on August 12. The webcast could provide additional detail on marketplace trends, restructuring and the company’s AI strategy, but it does not immediately change the financial outlook. Etsy to Participate in Upcoming Investor Conference
• Negative Sentiment: Etsy is eliminating about 220 jobs, or 12% of its workforce. Management says the restructuring will simplify the organization and speed decision-making, but the scale of the cuts highlights execution concerns and may unsettle investors even after the earnings beat. Etsy lays off 12% of worker as part of restructuring plan
• Negative Sentiment: Revenue was essentially flat year over year. The earnings improvement was driven more by advertising, cost discipline and operating leverage than by robust marketplace sales growth, raising questions about the durability of the recovery.
• Negative Sentiment: Valuation and insider selling add pressure. Analysts generally rate Etsy Hold, with the average price target below the current trading range; separate director and executive sales were conducted under pre-arranged trading plans but may nevertheless weigh on sentiment.

Etsy Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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