Insider Selling: 1stdibs.Com, Inc. (NASDAQ:DIBS) CTO Sells 14,751 Shares of Stock

1stdibs.Com, Inc. (NASDAQ:DIBS – Get Rating) CTO Ross A. Paul sold 14,751 shares of the business’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $5.45, for a total value of $80,392.95. Following the sale, the chief technology officer now directly owns 188,115 shares in the company, valued at approximately $1,025,226.75. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of 1stdibs.Com stock traded down $0.19 during trading on Friday, hitting $5.66. 84,678 shares of the company were exchanged, compared to its average volume of 276,411. 1stdibs.Com, Inc. has a fifty-two week low of $4.77 and a fifty-two week high of $35.46. The stock has a market capitalization of $215.46 million and a price-to-earnings ratio of -5.72. The firm has a 50 day moving average price of $6.95 and a 200 day moving average price of $9.47.
1stdibs.Com (NASDAQ:DIBS – Get Rating) last issued its quarterly earnings results on Wednesday, May 11th. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.01. 1stdibs.Com had a negative return on equity of 15.64% and a negative net margin of 24.25%. As a group, research analysts forecast that 1stdibs.Com, Inc. will post -0.81 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Philosophy Capital Management LLC acquired a new position in 1stdibs.Com in the 1st quarter valued at $6,801,000. Potrero Capital Research LLC grew its stake in shares of 1stdibs.Com by 3.6% during the 1st quarter. Potrero Capital Research LLC now owns 273,323 shares of the company’s stock valued at $2,184,000 after buying an additional 9,603 shares during the period. Quantbot Technologies LP purchased a new stake in shares of 1stdibs.Com during the 1st quarter valued at $103,000. California State Teachers Retirement System grew its stake in shares of 1stdibs.Com by 114.1% during the 1st quarter. California State Teachers Retirement System now owns 8,703 shares of the company’s stock valued at $70,000 after buying an additional 4,638 shares during the period. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of 1stdibs.Com during the 1st quarter valued at $89,000. Institutional investors own 51.51% of the company’s stock.
Several equities research analysts have recently commented on DIBS shares. Zacks Investment Research raised 1stdibs.Com from a “sell” rating to a “hold” rating in a research note on Monday. JMP Securities downgraded 1stdibs.Com from an “outperform” rating to a “hold” rating and set a $9.00 price objective for the company. in a research report on Wednesday. Raymond James downgraded 1stdibs.Com from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 2nd. Finally, Barclays cut their price objective on 1stdibs.Com from $21.00 to $10.00 in a research report on Thursday, May 12th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $16.75.
1stdibs.Com Company Profile (Get Rating)
1stdibs.Com, Inc operates an online marketplace for vintage, antique, and contemporary furniture, home décor, jewelry, watches, art, and fashion products worldwide. The company offers online marketplace that enables commerce between sellers and buyers; and Design Manager, an online platform that provides software solution to interior designers.
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