Insider Selling: 1stdibs.Com, Inc. (NASDAQ:DIBS) CFO Sells 4,500 Shares of Stock

1stdibs.Com, Inc. (NASDAQ:DIBS - Get Free Report) CFO Thomas J. Etergino sold 4,500 shares of the business's stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $5.91, for a total value of $26,595.00. Following the sale, the chief financial officer now directly owns 95,220 shares of the company's stock, valued at approximately $562,750.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

1stdibs.Com Trading Down 3.3 %

Shares of DIBS traded down $0.19 during midday trading on Wednesday, reaching $5.65. 107,660 shares of the company were exchanged, compared to its average volume of 112,531. 1stdibs.Com, Inc. has a 1-year low of $3.44 and a 1-year high of $6.30. The stock has a 50-day moving average price of $5.30 and a 200-day moving average price of $4.68. The company has a market cap of $224.70 million, a price-to-earnings ratio of -10.25 and a beta of 1.07.

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

Analyst Upgrades and Downgrades

Separately, Evercore ISI upgraded shares of 1stdibs.Com from an "in-line" rating to an "outperform" rating and raised their price target for the company from $6.00 to $8.00 in a report on Monday, March 18th.

Institutional Investors Weigh In On 1stdibs.Com

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in 1stdibs.Com by 14.8% in the 4th quarter. Vanguard Group Inc. now owns 1,173,707 shares of the company's stock valued at $5,493,000 after buying an additional 151,147 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in 1stdibs.Com in the fourth quarter valued at about $112,000. Virtu Financial LLC acquired a new stake in 1stdibs.Com during the 4th quarter valued at approximately $47,000. Bridgeway Capital Management LLC grew its stake in 1stdibs.Com by 9.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 166,819 shares of the company's stock valued at $781,000 after purchasing an additional 14,219 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in 1stdibs.Com during the 4th quarter worth approximately $377,000. 66.97% of the stock is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.