Insider Selling: Eventbrite, Inc. (NYSE:EB) COO Sells 20,000 Shares of Stock

Eventbrite, Inc. (NYSE:EB) COO Charles Baker sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $3.55, for a total value of $71,000.00. Following the completion of the sale, the chief operating officer now owns 617,487 shares of the company’s stock, valued at $2,192,078.85. This trade represents a 3.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Eventbrite Trading Down 0.9 %

Shares of NYSE:EB opened at $3.38 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a market capitalization of $327.46 million, a price-to-earnings ratio of -37.56 and a beta of 2.27. Eventbrite, Inc. has a 1-year low of $2.51 and a 1-year high of $9.20. The company has a 50 day moving average price of $3.39 and a 200 day moving average price of $3.77.

Institutional Investors Weigh In On Eventbrite

Several large investors have recently modified their holdings of EB. Whetstone Capital Advisors LLC raised its holdings in shares of Eventbrite by 74.6% during the third quarter. Whetstone Capital Advisors LLC now owns 1,432,555 shares of the company’s stock valued at $3,911,000 after acquiring an additional 612,173 shares during the period. Acadian Asset Management LLC grew its position in Eventbrite by 125.9% during the 2nd quarter. Acadian Asset Management LLC now owns 1,978,823 shares of the company’s stock worth $9,573,000 after purchasing an additional 1,102,809 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Eventbrite during the 3rd quarter valued at $756,000. Nantahala Capital Management LLC purchased a new stake in shares of Eventbrite in the second quarter valued at $7,744,000. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of Eventbrite by 22.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,197,438 shares of the company’s stock worth $5,999,000 after buying an additional 405,318 shares during the period. 91.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, BWS Financial restated a “buy” rating and issued a $7.00 price objective on shares of Eventbrite in a report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $6.58.

Eventbrite Company Profile

Eventbrite, Inc operates a two-sided marketplace that provides self-service ticketing and marketing tools for event creators in the United States and internationally. Its platform integrates components needed to plan, promote, and produce live events that allow creators to reduce friction and costs, enhance reach, and drive ticket sales.