Etsy (NYSE:ETSY) Insider Josh Silverman Sells 50,000 Shares

Etsy Inc (NYSE:ETSYGet Free Report) insider Josh Silverman sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $72.50, for a total transaction of $3,625,000.00. Following the completion of the transaction, the insider directly owned 130,694 shares in the company, valued at $9,475,315. This trade represents a 27.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Josh Silverman also recently made the following trade(s):

  • On Tuesday, June 16th, Josh Silverman sold 52,479 shares of Etsy stock. The stock was sold at an average price of $74.00, for a total transaction of $3,883,446.00.
  • On Monday, June 1st, Josh Silverman sold 134,730 shares of Etsy stock. The stock was sold at an average price of $68.89, for a total transaction of $9,281,549.70.
  • On Friday, May 1st, Josh Silverman sold 88,350 shares of Etsy stock. The stock was sold at an average price of $64.18, for a total transaction of $5,670,303.00.
  • On Wednesday, April 29th, Josh Silverman sold 36,443 shares of Etsy stock. The stock was sold at an average price of $69.00, for a total transaction of $2,514,567.00.
  • On Tuesday, April 21st, Josh Silverman sold 70,000 shares of Etsy stock. The stock was sold at an average price of $65.00, for a total transaction of $4,550,000.00.
  • On Monday, April 20th, Josh Silverman sold 30,369 shares of Etsy stock. The stock was sold at an average price of $64.00, for a total transaction of $1,943,616.00.
  • On Thursday, April 16th, Josh Silverman sold 24,296 shares of Etsy stock. The stock was sold at an average price of $59.00, for a total transaction of $1,433,464.00.
  • On Monday, April 6th, Josh Silverman sold 12,148 shares of Etsy stock. The shares were sold at an average price of $54.00, for a total transaction of $655,992.00.
  • On Wednesday, April 1st, Josh Silverman sold 6,074 shares of Etsy stock. The shares were sold at an average price of $49.07, for a total transaction of $298,051.18.

Etsy Price Performance

Shares of ETSY stock traded down $0.72 during trading on Wednesday, hitting $72.62. 3,482,366 shares of the stock traded hands, compared to its average volume of 3,387,775. The firm has a market capitalization of $6.89 billion, a P/E ratio of 30.26, a price-to-earnings-growth ratio of 2.88 and a beta of 1.88. The firm’s fifty day moving average price is $62.92 and its 200-day moving average price is $57.44. Etsy Inc has a 52-week low of $44.00 and a 52-week high of $76.51.

Institutional Trading of Etsy

Large investors have recently modified their holdings of the stock. EFG International AG purchased a new stake in shares of Etsy during the fourth quarter worth $33,000. Danske Bank A S purchased a new stake in shares of Etsy during the third quarter worth $66,000. Federation des caisses Desjardins du Quebec increased its position in shares of Etsy by 22.8% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,210 shares of the company’s stock worth $67,000 after acquiring an additional 225 shares during the period. Blue Trust Inc. increased its position in shares of Etsy by 19.3% during the first quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock worth $62,000 after acquiring an additional 200 shares during the period. Finally, LSV Asset Management purchased a new stake in shares of Etsy during the third quarter worth $86,000. Hedge funds and other institutional investors own 99.53% of the company’s stock.

More Etsy News

Here are the key news stories impacting Etsy this week:

  • Positive Sentiment: Etsy was upgraded by Zacks Research from hold to strong-buy, reinforcing bullish sentiment and signaling improving outlook from a prominent research firm. Article Title
  • Positive Sentiment: Etsy was added to Zacks’ Rank #1 (Strong Buy) list, which can attract momentum and fundamental investors looking for upgraded names. Article Title
  • Positive Sentiment: Etsy launched a timely “Shop Other Jeffs” campaign aimed at competing with Amazon Prime Day, highlighting non-billionaire Etsy sellers and limited-edition merchandise to boost traffic and brand awareness. Article Title
  • Positive Sentiment: Multiple outlets praised Etsy’s anti-Amazon advertising effort as a smart way to differentiate the marketplace and appeal to shoppers looking for alternatives to big-box platforms. Article Title
  • Neutral Sentiment: Some commentary noted that Etsy has already had a strong run this year, which may keep valuation-sensitive investors cautious even as the stock has outperformed. Article Title
  • Negative Sentiment: A report from NBC highlighted that some Etsy sellers are still struggling with the impact of tariffs, suggesting ongoing pressure on parts of the platform’s seller base. Article Title

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wall Street Zen lowered shares of Etsy from a “buy” rating to a “hold” rating in a research report on Sunday, May 31st. Argus upgraded shares of Etsy from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Etsy from $74.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Guggenheim began coverage on Etsy in a research note on Thursday, May 21st. They issued a “buy” rating for the company. Finally, Cantor Fitzgerald boosted their price objective on Etsy from $51.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, nineteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $71.00.

Read Our Latest Analysis on ETSY

About Etsy

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Etsy (NYSE:ETSY)

Receive News & Ratings for Etsy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Etsy and related companies with MarketBeat.com's FREE daily email newsletter.