1stdibs.Com, Inc. (NASDAQ:DIBS) Major Shareholder Insight Holdings Group, Llc Sells 3,982,446 Shares

1stdibs.Com, Inc. (NASDAQ:DIBS) major shareholder Insight Holdings Group, Llc sold 3,982,446 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $5.20, for a total value of $20,708,719.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Monday, May 20th, Insight Holdings Group, Llc sold 18,232 shares of 1stdibs.Com stock. The stock was sold at an average price of $5.55, for a total transaction of $101,187.60.
• On Friday, May 17th, Insight Holdings Group, Llc sold 12,343 shares of 1stdibs.Com stock. The stock was sold at an average price of $5.63, for a total transaction of $69,491.09.
• On Wednesday, May 15th, Insight Holdings Group, Llc sold 2,530 shares of 1stdibs.Com stock. The stock was sold at an average price of $6.02, for a total transaction of $15,230.60.
• On Friday, May 10th, Insight Holdings Group, Llc sold 11,243 shares of 1stdibs.Com stock. The shares were sold at an average price of $6.00, for a total transaction 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 shares were 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 shares were sold at an average price of $6.00, for a total transaction of $19,998.00.
• On Monday, April 1st, Insight Holdings Group, Llc sold 6,427 shares of 1stdibs.Com stock. The stock was sold at an average price of $6.01, for a total transaction 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.

1stdibs.Com Stock Performance

Shares of NASDAQ DIBS traded down $0.11 during midday trading on Wednesday, reaching $5.45. 70,588 shares of the stock were exchanged, compared to its average volume of 113,155. The company has a 50 day simple moving average of $5.65 and a 200 day simple moving average of $5.12. The stock has a market capitalization of $214.60 million, a P/E ratio of -12.64 and a beta of 1.01. 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 quarterly earnings results on Thursday, May 9th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. The business had revenue of $22.10 million during the quarter, compared to the consensus estimate 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 quarter last year, the firm earned ($0.21) EPS. On average, research analysts expect that 1stdibs.Com, Inc. will post -0.37 earnings per share for the current year.

Institutional Trading of 1stdibs.Com

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of 1stdibs.Com by 7.3% during the 1st quarter. Vanguard Group Inc. now owns 1,259,464 shares of the company’s stock worth $7,506,000 after buying an additional 85,757 shares during the last quarter. Acadian Asset Management LLC increased its holdings in 1stdibs.Com by 198.0% in the 1st quarter. Acadian Asset Management LLC now owns 130,544 shares of the company’s stock valued at $776,000 after purchasing an additional 86,740 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in 1stdibs.Com by 57.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 111,933 shares of the company’s stock valued at $667,000 after purchasing an additional 40,735 shares during the last quarter. GSA Capital Partners LLP increased its holdings in 1stdibs.Com by 6.1% in the 1st quarter. GSA Capital Partners LLP now owns 93,672 shares of the company’s stock valued at $558,000 after purchasing an additional 5,365 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in 1stdibs.Com by 3,859,850.0% in the 3rd quarter. Citigroup Inc. now owns 77,199 shares of the company’s stock valued at $281,000 after purchasing an additional 77,197 shares during the last quarter. Institutional investors and hedge funds own 66.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI raised shares of 1stdibs.Com from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $6.00 to $8.00 in a research note 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.