Overstock.com, Inc. (NASDAQ:OSTK) was down 5.9% on Tuesday following insider selling activity. The company traded as low as $49.83 and last traded at $56.30. Approximately 3,743,200 shares changed hands during trading, an increase of 559% from the average daily volume of 567,872 shares. The stock had previously closed at $53.15.

Specifically, insider Jonathan E. Johnson III sold 17,500 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $25.00, for a total transaction of $437,500.00. Following the transaction, the insider now owns 52,092 shares in the company, valued at $1,302,300. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jonathan E. Johnson III sold 1,500 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $22.10, for a total transaction of $33,150.00. Following the transaction, the insider now owns 69,592 shares in the company, valued at approximately $1,537,983.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,386 shares of company stock worth $1,324,111. 28.90% of the stock is owned by insiders.

Several research analysts have weighed in on the stock. BidaskClub upgraded shares of Overstock.com from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. DA Davidson upped their price objective on shares of Overstock.com from $28.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, September 28th.

The company has a debt-to-equity ratio of 0.33, a current ratio of 0.86 and a quick ratio of 0.78.

Overstock.com (NASDAQ:OSTK) last released its quarterly earnings data on Wednesday, November 8th. The company reported ($0.03) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.06. Overstock.com had a negative net margin of 0.61% and a negative return on equity of 4.95%. The firm had revenue of $424.00 million for the quarter, compared to the consensus estimate of $452.60 million. The business’s revenue was down 4.0% on a year-over-year basis. sell-side analysts expect that Overstock.com, Inc. will post -0.47 EPS for the current year.

Several hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Overstock.com in the third quarter valued at about $448,000. Cornerstone Capital Management Holdings LLC. raised its holdings in shares of Overstock.com by 46.9% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 171,338 shares of the company’s stock valued at $5,088,000 after purchasing an additional 54,700 shares during the last quarter. Partnervest Advisory Services LLC purchased a new stake in shares of Overstock.com in the third quarter valued at about $244,000. Dimensional Fund Advisors LP raised its holdings in shares of Overstock.com by 3.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,631,200 shares of the company’s stock valued at $48,446,000 after purchasing an additional 53,031 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Overstock.com by 87.9% in the third quarter. Wells Fargo & Company MN now owns 16,873 shares of the company’s stock valued at $501,000 after purchasing an additional 7,893 shares during the last quarter. Institutional investors own 43.77% of the company’s stock.

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Overstock.com Company Profile

Overstock.com, Inc is an online retailer and incubator of blockchain technology. Through its online retail business, the Company offers a range of price-competitive brand name, non-brand name and closeout products, including furniture, home decor, bedding and bath, housewares, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods.

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