Etsy CEO Josh Silverman sells $1.04 million in stock

Etsy Inc . (NASDAQ:ETSY), the $5.2 billion market cap e-commerce company, saw Chief Executive Officer Josh Silverman recently sell shares valued at approximately $1.04 million, according to a recent SEC filing. The transactions, dated April 1, 2025, involved the sale of 21,666 shares at prices ranging from $47.48 to $48.76. According to InvestingPro analysis, the stock currently trades at a P/E ratio of 18.2x and shows impressive gross profit margins of 72%.

In addition to the sales, the filing disclosed that Silverman acquired a substantial number of shares through the vesting of restricted stock units and performance stock units, amounting to a total of 108,472 shares. These transactions were part of a pre-established trading plan under Rule 10b5-1.

Furthermore, 59,992 shares were withheld to cover tax obligations related to the vesting of restricted stock units, valued at approximately $2.91 million.

Following these transactions, Silverman holds 31,818 shares directly. Additional shares are held indirectly through various trusts, including a GST Trust, a Non-GST Trust, an Irrevocable Trust, and a GRAT.

These transactions provide insight into Silverman’s stock activity as he continues to lead Etsy, a prominent online marketplace for handmade and vintage items.

In other recent news, Etsy has made several strategic and financial announcements that investors should note. The company appointed Rafe Colburn as its new Chief Technology Officer, effective May 5, 2025. Colburn returns to Etsy after a decade, bringing experience from his previous role at Depop. In financial updates, Etsy’s fourth-quarter Gross Merchandise Sales (GMS) fell short of expectations by approximately 3%, although its earnings before interest, taxes, depreciation, and amortization (EBITDA) exceeded estimates by 2%, according to Cantor Fitzgerald.

Guggenheim has maintained a Buy rating on Etsy but lowered its price target from $80 to $70 due to the shortfall in GMS. The firm still sees potential for improvement in 2025 through user engagement and marketing initiatives. Meanwhile, Cantor Fitzgerald reduced its price target from $46 to $43, maintaining a Neutral rating, citing uncertainties in Etsy’s near-term outlook. Loop Capital also reiterated a Sell rating with a $40 price target, highlighting a decline in GMS and challenges in acquiring new buyers.

JPMorgan kept a Neutral rating with a $50 price target, noting Etsy’s limited direct exposure to tariffs but cautioning about potential challenges in the broader e-commerce sector. These developments come as Etsy continues to navigate a competitive landscape, with various analyst firms expressing differing views on the company’s future performance.

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