Etsy (NYSE:ETSY) Insider Josh Silverman Sells 6,294 Shares of Stock

Etsy Inc (NYSE:ETSY) insider Josh Silverman sold 6,294 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $84.00, for a total value of $528,696.00. Following the sale, the insider directly owned 249,559 shares of the company’s stock, valued at $20,962,956. This represents a 2.46% decrease in their position. The transaction 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 Monday, August 3rd, Josh Silverman sold 41,108 shares of Etsy stock. The stock was sold at an average price of $83.11, for a total value of $3,416,485.88.
• On Friday, July 10th, Josh Silverman sold 39,161 shares of Etsy stock. The shares were sold at an average price of $79.00, for a total value of $3,093,719.00.
• On Wednesday, July 1st, Josh Silverman sold 92,404 shares of Etsy stock. The stock was sold at an average price of $74.93, for a total value of $6,923,831.72.
• On Wednesday, June 24th, Josh Silverman sold 97,389 shares of Etsy stock. The stock was sold at an average price of $79.00, for a total transaction of $7,693,731.00.
• On Monday, June 15th, Josh Silverman sold 50,000 shares of Etsy stock. The shares were sold at an average price of $72.50, for a total transaction of $3,625,000.00.
• 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 stock was sold at an average price of $68.89, for a total transaction of $9,281,549.70.

Etsy Trading Down 4.2%

NYSE:ETSY opened at $82.29 on Friday. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 45.97, a PEG ratio of 3.36 and a beta of 1.84. The firm has a fifty day simple moving average of $77.10 and a two-hundred day simple moving average of $63.55. Etsy Inc has a 12 month low of $44.00 and a 12 month high of $87.97.

Institutional Trading of Etsy

Several institutional investors and hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new position in Etsy during the second quarter worth about $34,000. EFG International AG purchased a new stake in Etsy in the 4th quarter valued at about $33,000. Danske Bank A S bought a new position in shares of Etsy during the 3rd quarter worth approximately $66,000. CoreCap Advisors LLC lifted its position in shares of Etsy by 2,379.1% during the 2nd quarter. CoreCap Advisors LLC now owns 1,066 shares of the company’s stock worth $80,000 after buying an additional 1,023 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec boosted its stake in shares of Etsy by 22.8% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,210 shares of the company’s stock worth $67,000 after buying an additional 225 shares during the last quarter. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Wall Street Analysts Forecast Growth

ETSY has been the subject of several research reports. Arete Research set a $76.00 target price on Etsy and gave the company a “buy” rating in a research note on Wednesday, May 20th. Zacks Research downgraded Etsy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Susquehanna lowered Etsy to a “neutral” rating in a report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft raised their price objective on Etsy from $74.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. Finally, Canaccord Genuity Group set a $92.00 target price on Etsy in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twenty have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $76.28.

Key Headlines Impacting Etsy

Here are the key news stories impacting Etsy this week:

• Positive Sentiment: Quarterly results exceeded expectations: Etsy reported second-quarter revenue of approximately $668.3 million, above the $646.1 million consensus estimate. Adjusted earnings were $1.34 per share, topping the $1.17 estimate, supported by gross merchandise sales (GMS), Etsy Ads growth and operating leverage. Etsy Q2 Earnings Beat on GMS and Ads Strength
• Positive Sentiment: Outlook and capital returns improved: Stronger margins led management to raise its 2026 outlook. The board also authorized an additional $2 billion in share repurchases, potentially supporting earnings per share and signaling confidence in Etsy’s cash-generation ability. Etsy to Cut 12% of Workforce as It Simplifies Operations
• Positive Sentiment: AI initiatives are gaining traction: Etsy is using artificial intelligence to personalize shopping, improve product discovery and develop conversational shopping tools, which could strengthen engagement and marketplace growth over time. Etsy’s Three-Way AI Bet Is Starting to Pay Off
• Neutral Sentiment: Management will discuss the business at the Canaccord Genuity Growth Conference on August 12, giving investors a near-term opportunity to hear more about the turnaround, AI strategy and updated outlook. Etsy to Participate in Upcoming Investor Conference
• Negative Sentiment: Workforce reduction raised execution concerns: Etsy plans to eliminate about 220 jobs, or 12% of its workforce, to simplify its organization and accelerate decision-making. Although management said the move is intended to position the company for growth rather than merely cut costs, investors may view it as evidence that the turnaround remains difficult. Etsy Lays Off 12% of Workforce
• Negative Sentiment: Valuation and insider sales are overhangs: With the stock near its yearly high and trading at a premium earnings multiple, analysts’ generally neutral ratings may limit upside. CEO Josh Silverman, CFO Charles Baker and director Frederick Wilson also sold shares under pre-arranged Rule 10b5-1 plans. These sales are not necessarily discretionary, but they can add short-term pressure. Etsy Insider Sale Filing

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.