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

Etsy Inc (NYSE:ETSY) insider Josh Silverman sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were 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 of the company’s stock, valued at $9,475,315. This represents a 27.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were 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 shares were 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 stock was 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 stock was sold at an average price of $49.07, for a total transaction of $298,051.18.

Etsy Trading Down 1.0%

Etsy stock opened at $72.62 on Thursday. The stock has a market cap of $6.89 billion, a P/E ratio of 30.26, a price-to-earnings-growth ratio of 2.92 and a beta of 1.88. The company has a fifty day simple moving average of $63.28 and a 200-day simple moving average of $57.57. Etsy Inc has a 12-month low of $44.00 and a 12-month high of $76.51.

Etsy News Roundup

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Etsy was added to the Zacks Rank #1 “Strong Buy” list, and Zacks also upgraded the stock from hold to strong-buy, which can support bullish sentiment around the name. Zacks upgrade reference
• Positive Sentiment: The company launched a new “Shop Other Jeffs” campaign aimed at competing with Amazon ahead of Prime Day, highlighting Etsy sellers and generating fresh attention for the marketplace. Article title
• Positive Sentiment: Media coverage around Etsy’s anti-Amazon ad push suggests the campaign may be resonating and could help drive shopper engagement during a key retail event period. Article title
• Neutral Sentiment: Several articles pointed to Etsy’s recent stock momentum and relative outperformance over the past six months, but these pieces were more commentary than new catalysts.
• Negative Sentiment: CEO Josh Silverman sold a total of about 102,479 shares in two transactions at prices near the current trading range. Although the sales were made under a pre-arranged Rule 10b5-1 plan, insider selling can still pressure sentiment. SEC filing
• Negative Sentiment: One report highlighted Etsy sellers struggling to recover from tariff-related pressures, a reminder that trade policy and costs may still weigh on marketplace activity. Article title

Analyst Ratings Changes

Several research firms have recently issued reports on ETSY. Argus raised shares of Etsy from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Etsy from $74.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Stifel Nicolaus reduced their price target on shares of Etsy from $62.00 to $55.00 and set a “hold” rating for the company in a research report on Friday, February 20th. Needham & Company LLC boosted their price target on shares of Etsy from $65.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Sanford C. Bernstein boosted their price target on shares of Etsy from $60.00 to $65.00 and gave the company a “market perform” rating in a research report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nineteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Etsy has a consensus rating of “Hold” and a consensus target price of $71.00.

Institutional Investors Weigh In On Etsy

Institutional investors and hedge funds have recently bought and sold shares of the stock. EFG International AG purchased a new stake in Etsy in the fourth quarter valued at $33,000. Blue Trust Inc. lifted its position in Etsy by 19.3% in the first quarter. Blue Trust Inc. now owns 1,238 shares of the company’s stock valued at $62,000 after acquiring an additional 200 shares during the last quarter. Danske Bank A S purchased a new stake in Etsy in the third quarter valued at $66,000. Federation des caisses Desjardins du Quebec lifted its position in Etsy by 22.8% in 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 last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in Etsy in the fourth quarter valued at $79,000. 99.53% of the stock is owned by hedge funds and other institutional investors.

About Etsy

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.