1stdibs.Com, Inc. (NASDAQ:DIBS) Major Shareholder Insight Holdings Group, Llc Sells 12,343 Shares

1stdibs.Com, Inc. (NASDAQ:DIBS) major shareholder Insight Holdings Group, Llc sold 12,343 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $5.63, for a total value of $69,491.09. Following the completion of the sale, the insider now directly owns 49,209 shares of the company’s stock, valued at approximately $277,046.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Insight Holdings Group, Llc also recently made the following trade(s):

• On Wednesday, May 15th, Insight Holdings Group, Llc sold 2,530 shares of 1stdibs.Com stock. The shares were sold at an average price of $6.02, for a total value of $15,230.60.
• On Friday, May 10th, Insight Holdings Group, Llc sold 11,243 shares of 1stdibs.Com stock. The stock was sold at an average price of $6.00, for a total value of $67,458.00.
• On Wednesday, May 8th, Insight Holdings Group, Llc sold 17,524 shares of 1stdibs.Com stock. The shares were sold at an average price of $5.86, for a total transaction of $102,690.64.
• On Wednesday, April 17th, Insight Holdings Group, Llc sold 45,420 shares of 1stdibs.Com stock. The stock was sold at an average price of $5.00, for a total transaction of $227,100.00.
• On Monday, April 15th, Insight Holdings Group, Llc sold 35,313 shares of 1stdibs.Com stock. The shares were sold at an average price of $5.05, for a total transaction of $178,330.65.
• On Wednesday, April 3rd, Insight Holdings Group, Llc sold 3,333 shares of 1stdibs.Com stock. The stock was sold at an average price of $6.00, for a total value of $19,998.00.
• On Monday, April 1st, Insight Holdings Group, Llc sold 6,427 shares of 1stdibs.Com stock. The shares were sold at an average price of $6.01, for a total value of $38,626.27.
• On Wednesday, March 27th, Insight Holdings Group, Llc sold 33,522 shares of 1stdibs.Com stock. The stock was sold at an average price of $6.03, for a total transaction of $202,137.66.
• On Monday, March 25th, Insight Holdings Group, Llc sold 32,193 shares of 1stdibs.Com stock. The shares were sold at an average price of $6.06, for a total transaction of $195,089.58.
• On Friday, March 22nd, Insight Holdings Group, Llc sold 23,847 shares of 1stdibs.Com stock. The stock was sold at an average price of $6.19, for a total value of $147,612.93.

1stdibs.Com Price Performance

Shares of DIBS stock traded down $0.22 during trading hours on Friday, hitting $5.58. The stock had a trading volume of 73,636 shares, compared to its average volume of 119,601. The stock’s 50 day moving average is $5.75 and its 200 day moving average is $5.03. 1stdibs.Com, Inc. has a twelve month low of $3.44 and a twelve month high of $6.30.

1stdibs.Com (NASDAQ:DIBS) last announced its earnings results on Thursday, May 9th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. The business had revenue of $22.10 million during the quarter, compared to analysts’ expectations of $21.23 million. 1stdibs.Com had a negative net margin of 21.13% and a negative return on equity of 13.25%. The business’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.21) earnings per share. As a group, equities analysts anticipate that 1stdibs.Com, Inc. will post -0.37 EPS for the current year.

Institutional Investors Weigh In On 1stdibs.Com

Several hedge funds have recently modified their holdings of DIBS. Quadrature Capital Ltd purchased a new position in 1stdibs.Com during the 3rd quarter worth $37,000. Barclays PLC acquired a new stake in 1stdibs.Com in the third quarter valued at about $38,000. Jump Financial LLC purchased a new stake in 1stdibs.Com in the 3rd quarter valued at approximately $38,000. Perigon Wealth Management LLC acquired a new position in 1stdibs.Com during the 3rd quarter worth approximately $40,000. Finally, Banco Santander S.A. lifted its holdings in shares of 1stdibs.Com by 21.1% in the 3rd quarter. Banco Santander S.A. now owns 13,937 shares of the company’s stock valued at $51,000 after buying an additional 2,433 shares during the period. 66.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.