1stdibs.Com, Inc. (NASDAQ:DIBS – Get Rating) was the recipient of some unusual options trading on Friday. Stock investors acquired 8,501 call options on the company. This represents an increase of approximately 604% compared to the typical daily volume of 1,208 call options.
1stdibs.Com Trading Up 1.4 %
Shares of NASDAQ:DIBS opened at $6.31 on Friday. 1stdibs.Com has a 1 year low of $4.77 and a 1 year high of $14.04. The firm has a fifty day moving average price of $6.34 and a 200 day moving average price of $6.25. The stock has a market capitalization of $245.65 million, a PE ratio of -10.18 and a beta of 0.77.
Get 1stdibs.Com alerts:Analyst Ratings Changes
Separately, Barclays cut their target price on 1stdibs.Com from $10.00 to $9.00 and set an "overweight" rating for the company in a research report on Thursday, August 11th.
Insider Activity at 1stdibs.Com
In other news, CTO Ross A. Paul sold 8,328 shares of 1stdibs.Com stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $5.96, for a total transaction of $49,634.88. Following the sale, the chief technology officer now directly owns 142,686 shares of the company's stock, valued at $850,408.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 19,962 shares of company stock worth $118,769. 19.90% of the stock is owned by insiders.Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in DIBS. JPMorgan Chase & Co. grew its stake in shares of 1stdibs.Com by 31.3% during the second quarter. JPMorgan Chase & Co. now owns 12,484 shares of the company's stock valued at $71,000 after purchasing an additional 2,975 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of 1stdibs.Com by 114.1% during the first quarter. California State Teachers Retirement System now owns 8,703 shares of the company's stock worth $70,000 after purchasing an additional 4,638 shares in the last quarter. Philosophy Capital Management LLC raised its holdings in shares of 1stdibs.Com by 5.1% during the third quarter. Philosophy Capital Management LLC now owns 1,273,317 shares of the company's stock worth $8,009,000 after acquiring an additional 61,655 shares during the period. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of 1stdibs.Com by 207.4% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 22,745 shares of the company's stock worth $143,000 after acquiring an additional 15,347 shares during the period. Finally, SVB Wealth LLC acquired a new stake in shares of 1stdibs.Com during the third quarter worth $122,000. Institutional investors and hedge funds own 51.00% of the company's stock.
About 1stdibs.Com
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1stdibs.Com, Inc operates an online marketplace for vintage, antique, and contemporary furniture, home décor, jewelry, watches, art, and fashion products worldwide. The company offers online marketplace that enables commerce between sellers and buyers; and Design Manager, an online platform that provides software solution to interior designers.
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