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Matthew Rubinger, the Chief Commercial Officer of 1stdibs.com, Inc. (NASDAQ:DIBS), recently sold a portion of his holdings in the company. The online luxury marketplace, currently valued at $102.67 million, has seen its stock decline by approximately 17% year-to-date, though InvestingPro analysis suggests the stock may be undervalued at current levels. According to a recent filing, Rubinger sold 8,132 shares of common stock on March 18, 2025. The shares were sold at a weighted average price of $3.0049, resulting in a total transaction value of approximately $24,435. Following this sale, Rubinger retains direct ownership of 31,451 shares in the company. The transactions were executed under a pre-arranged trading plan. Despite recent market challenges, the company maintains strong liquidity with a current ratio of 3.93 and holds more cash than debt on its balance sheet. For deeper insights into insider trading patterns and comprehensive analysis, investors can access the full InvestingPro Research Report, which covers this and 1,400+ other US stocks.
In other recent news, 1stdibs.com, Inc. reported fourth-quarter 2024 results that exceeded revenue expectations, bringing positive developments to the forefront. The company achieved a revenue of $22.8 million for the quarter, marking a 9% year-over-year increase and surpassing analyst estimates of $21.82 million. Although the adjusted earnings per share stood at -$0.14, aligning with consensus forecasts, the company highlighted its strongest gross merchandise value (GMV) growth in three years, with a 9% increase to $94.5 million. CEO David Rosenblatt emphasized that 2024 was a pivotal year, with significant market share gains and a return to revenue growth despite challenging conditions. Additionally, 1stdibs improved its profitability, with an adjusted EBITDA margin of -7.2%, compared to -8.1% in the same quarter of the previous year. The company also noted a 6% increase in active buyers, reaching approximately 64,000, and a 7% rise in the number of orders to about 37,000. Looking ahead to the first quarter of 2025, 1stdibs forecasts revenue between $21.7 million and $22.8 million, slightly below analyst projections of $23.26 million, with an expected adjusted EBITDA margin ranging from -12% to -8%. Despite facing near-term challenges, the company’s growth and margin improvements have encouraged investors.
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