Insight Holdings Group, Llc Sells 35,313 Shares of 1stdibs.Com, Inc. (NASDAQ:DIBS) Stock

1stdibs.Com, Inc. (NASDAQ:DIBS) major shareholder Insight Holdings Group, Llc sold 35,313 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $5.05, for a total value of $178,330.65. Following the completion of the transaction, the insider now directly owns 51,125 shares of the company’s stock, valued at $258,181.25. The sale was disclosed in a filing with the SEC, which is available at this link. Large 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 Wednesday, April 17th, Insight Holdings Group, Llc sold 45,420 shares of 1stdibs.Com stock. The stock was sold at an average price of $5.00, for a total value of $227,100.00.
• On Wednesday, April 3rd, Insight Holdings Group, Llc sold 3,333 shares of 1stdibs.Com stock. The stock was sold at an average price of $6.00, for a total value of $19,998.00.
• On Monday, April 1st, Insight Holdings Group, Llc sold 6,427 shares of 1stdibs.Com stock. The shares were sold at an average price of $6.01, for a total value of $38,626.27.
• On Wednesday, March 27th, Insight Holdings Group, Llc sold 33,522 shares of 1stdibs.Com stock. The shares were sold at an average price of $6.03, for a total value of $202,137.66.
• On Monday, March 25th, Insight Holdings Group, Llc sold 32,193 shares of 1stdibs.Com stock. The shares were sold at an average price of $6.06, for a total value of $195,089.58.
• On Friday, March 22nd, Insight Holdings Group, Llc sold 23,847 shares of 1stdibs.Com stock. The shares were sold at an average price of $6.19, for a total value of $147,612.93.
• On Wednesday, March 20th, Insight Holdings Group, Llc sold 58,032 shares of 1stdibs.Com stock. The shares were sold at an average price of $6.02, for a total value of $349,352.64.
• On Monday, March 18th, Insight Holdings Group, Llc sold 17,710 shares of 1stdibs.Com stock. The shares were sold at an average price of $6.02, for a total value of $106,614.20.
• On Thursday, March 14th, Insight Holdings Group, Llc sold 30,059 shares of 1stdibs.Com stock. The shares were sold at an average price of $6.14, for a total value of $184,562.26.

1stdibs.Com Stock Performance

DIBS traded up $0.11 during mid-day trading on Wednesday, reaching $5.10. The stock had a trading volume of 134,359 shares, compared to its average volume of 115,513. The stock has a market capitalization of $202.83 million, a P/E ratio of -8.95 and a beta of 1.07. The firm’s fifty day simple moving average is $5.39 and its two-hundred day simple moving average is $4.74. 1stdibs.Com, Inc. has a 52 week low of $3.44 and a 52 week high of $6.30.

1stdibs.Com (NASDAQ:DIBS) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. The firm had revenue of $20.92 million for the quarter, compared to analyst estimates of $19.77 million. 1stdibs.Com had a negative return on equity of 16.46% and a negative net margin of 26.80%. As a group, analysts expect that 1stdibs.Com, Inc. will post -0.39 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Evercore ISI upgraded 1stdibs.Com from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $6.00 to $8.00 in a research report on Monday, March 18th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DIBS. BlackRock Inc. boosted its position in shares of 1stdibs.Com by 141.7% in the 1st quarter. BlackRock Inc. now owns 877,698 shares of the company’s stock worth $7,013,000 after purchasing an additional 514,489 shares during the last quarter. Vanguard Group Inc. lifted its holdings in 1stdibs.Com by 155.6% during the first quarter. Vanguard Group Inc. now owns 726,244 shares of the company’s stock worth $5,802,000 after acquiring an additional 442,072 shares in the last quarter. B. Riley Asset Management LLC bought a new position in 1stdibs.Com during the fourth quarter worth about $1,410,000. Metavasi Capital LP bought a new position in 1stdibs.Com during the fourth quarter worth about $1,369,000. Finally, Renaissance Technologies LLC bought a new position in 1stdibs.Com during the first quarter worth about $1,671,000. 66.97% of the stock is currently owned by institutional investors.

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.