Josh Silverman Sells 50,000 Shares of Etsy, Inc.
Etsy CEO Josh Silverman sold 50,000 shares in a planned transaction on June 15.
Key Points
- Josh Silverman sold 50,000 shares of Etsy, Inc. on June 15, 2026, at $72.5 per share, totaling $3.63 million.
- Etsy's stock traded at $73.34, with a market cap of $6.96 billion and a P/E ratio of 28.1.
- JP Morgan maintained a hold rating on Etsy with a $78 target, while Argus upgraded it to buy with a $67 target.
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Etsy, Inc. (NYSE:ETSY) saw insider activity as CEO Josh Silverman sold 50,000 shares on June 15, 2026. The planned transaction occurred at an average price of $72.5 per share, amounting to $3.62 million.
Insider Buying and Selling at Etsy, Inc.
Josh Silverman, the CEO of Etsy, executed a planned sale of 50,000 shares on June 15, 2026, at an average price of $72.5 per share. This transaction was valued at $3.62 million. Silverman's insider activity also included other transactions on June 16, 2026, where he sold additional shares at different prices, both planned and unplanned.
Other Institutional Activity in Etsy, Inc.
In recent institutional activity, BlackRock, Inc. reduced its position in Etsy by 208,928 shares, holding 13,187,497 shares valued at approximately $659.1 million. Renaissance Technologies LLC increased its stake by 594,768 shares, ending with 5,962,210 shares worth about $298 million. Vanguard Portfolio Management LLC reported holding 5,504,657 shares valued at $275.1 million, while Barclays PLC added 792,495 shares to its holdings, reaching a total of 4,833,715 shares valued at $241.6 million.
Etsy, Inc. Stock Down 12.3%
Shares of Etsy, Inc. traded at $73.34 on the NYSE. The company has a market cap of $6.96 billion and a P/E ratio of 28.1, with a forward P/E of 11.2. Etsy's stock has a 52-week low of $44.00 and a high of $76.52, with a 50-day moving average of $63.15 and a 200-day moving average of $59.35. The company's beta is 1.864, indicating higher volatility compared to the market.
Recent Earnings
Etsy reported revenue of $2.90 billion, reflecting a growth rate of 3.1%. The company achieved a net margin of 9.81% and an earnings per share (EPS) of $2.61. The next earnings report is scheduled for July 29, 2026.
Analysts Set New Price Targets
On June 12, 2026, JP Morgan maintained its hold rating on Etsy, setting a price target of $78. B of A Securities also maintained a hold rating with a $75 target on May 28, 2026. Argus Research upgraded the stock to a buy with a $67 target on May 21, 2026. The consensus recommendation for Etsy remains a hold, with an average price target of $72.4 from 25 analysts.
About Etsy, Inc.
Etsy, Inc. operates online marketplaces that connect buyers and sellers globally, including its main platform and Depop, a fashion resale marketplace. The company is headquartered in Brooklyn, New York, and is led by CEO Ms. Kruti Patel Goyal. With 2,375 employees, Etsy provides services such as transaction fees, advertising, and shipping labels.
Bottom Line
Josh Silverman's recent sale of Etsy shares is part of a planned transaction, indicating strategic financial moves by the CEO. Investors often watch insider transactions for insights, although they don't necessarily signal a company's future performance. Etsy continues to be a player in the online retail space, with institutional investors adjusting their positions and analysts maintaining varied ratings.
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