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Etsy (NASDAQ:ETSY) Chief Executive Officer Josh Silverman sold 140,000 shares of common stock on July 24, 2025, at a price of $65, totaling $9.1 million. The sale followed the exercise of stock options to acquire 140,000 shares at $10.62, for a total value of $1,486,800. The transaction comes as Etsy’s stock trades near its 52-week high of $66.31, having delivered an impressive 19.6% return over the past six months.
The transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 5, 2024. Following the sale, Silverman directly owns 62,674 shares of Etsy. According to InvestingPro data, the company maintains strong financial health with a "GREAT" overall score, supported by impressive gross profit margins of 72.3%.
Silverman also indirectly owns shares through several trusts, including 4,942 shares held by the JGS 2018 Irrevocable GST Trust, 16,886 shares held by the JGS 2018 Irrevocable Non-GST Trust, 42,269 shares held by an Irrevocable Trust, 109,675 shares held by a GRAT, and 54,325 shares held by the Joshua G. Silverman 2019 Irrevocable Children’s Trust. He disclaims beneficial ownership of shares held by the GST Trust, the Non-GST Trust and the 2019 Trust.
Following the option exercise, Silverman directly holds 1,323,948 options to purchase common stock.
In other recent news, several investment firms have updated their outlooks on Etsy. Raymond (NSE:RYMD) James raised its price target for Etsy to $70, maintaining an Outperform rating, as it anticipates a modest sequential improvement in demand for the second quarter of 2025. UBS also increased its price target to $62, citing improved growth expectations for fiscal year 2025, with a projection of a 7.7% year-over-year decline in Gross Merchandise Sales (GMS) and $730 million in EBITDA. Meanwhile, JPMorgan adjusted its price target to $53, noting the company’s strategic recalibration of its product teams, which could bolster GMS trends. Morgan Stanley (NYSE:MS) upgraded Etsy’s stock rating from Underweight to Equalweight, raising the price target to $50, aligning with their assessment of valuation convergence with eBay (NASDAQ:EBAY). Citizens JMP reiterated a Market Perform rating, acknowledging Etsy’s unique inventory and merchandising strengths amid competitive pressures in the retail sector. These recent developments reflect varied expectations for Etsy’s future performance and strategic positioning.
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