Etsy Inc (NYSE:ETSY – Get Free Report) insider Josh Silverman sold 39,161 shares of the business’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $79.00, for a total value of $3,093,719.00. Following the transaction, the insider owned 139,884 shares of the company’s stock, valued at approximately $11,050,836. This represents a 21.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 Wednesday, July 1st, Josh Silverman sold 92,404 shares of Etsy stock. The shares were sold at an average price of $74.93, for a total value of $6,923,831.72.
- On Wednesday, June 24th, Josh Silverman sold 97,389 shares of Etsy stock. The shares were sold at an average price of $79.00, for a total value of $7,693,731.00.
- On Monday, June 15th, Josh Silverman sold 50,000 shares of Etsy stock. The stock was sold at an average price of $72.50, for a total value of $3,625,000.00.
- 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 value of $3,883,446.00.
- On Monday, June 1st, Josh Silverman sold 134,730 shares of Etsy stock. The shares were sold at an average price of $68.89, for a total value of $9,281,549.70.
- On Friday, May 1st, Josh Silverman sold 88,350 shares of Etsy stock. The shares were sold at an average price of $64.18, for a total value of $5,670,303.00.
- On Wednesday, April 29th, Josh Silverman sold 36,443 shares of Etsy stock. The shares were 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 shares were 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 shares were sold at an average price of $59.00, for a total transaction of $1,433,464.00.
Etsy Trading Up 3.4%
Etsy stock opened at $83.28 on Wednesday. Etsy Inc has a 52 week low of $44.00 and a 52 week high of $83.36. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 34.70, a PEG ratio of 3.35 and a beta of 1.83. The company’s 50-day moving average price is $69.53 and its two-hundred day moving average price is $60.63.
Wall Street Analysts Forecast Growth
View Our Latest Report on ETSY
Institutional Investors Weigh In On Etsy
A number of institutional investors and hedge funds have recently modified their holdings of the stock. EFG International AG acquired a new position in shares of Etsy in the 4th quarter valued at $33,000. Blue Trust Inc. increased its position in shares of Etsy by 19.3% in 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 in the last quarter. Danske Bank A S acquired a new stake in shares of Etsy during the third quarter valued at approximately $66,000. Federation des caisses Desjardins du Quebec raised its holdings 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 valued at $67,000 after acquiring an additional 225 shares during the period. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in shares of Etsy in the 4th quarter valued at approximately $79,000. Institutional investors and hedge funds own 99.53% of the company’s stock.
Etsy Company Profile
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.
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