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Daniel Nicholas, the Chief Product Officer of Etsy Inc . (NASDAQ:ETSY), recently executed a series of stock transactions, as detailed in a recent SEC filing. On April 1, Nicholas sold a total of 1,500 shares of Etsy’s common stock, generating $72,364. The shares were sold at prices ranging from $47.67 to $48.79, close to the current market price of $48.45. With a market capitalization of $5.2 billion and notably high gross profit margins of 72%, Etsy maintains a strong market position despite its characteristically volatile stock movements.
Additionally, Nicholas acquired 25,559 shares of common stock through the vesting of restricted stock units and performance stock units, though these acquisitions were at no cost. Concurrently, 9,935 shares were withheld by Etsy to cover tax obligations, valued at approximately $482,145.
These transactions were part of a 10b5-1 trading plan adopted by Nicholas on August 12, 2024. Following these activities, Nicholas’s direct ownership of Etsy stock stands at 34,822 shares.
In other recent news, Etsy has announced the appointment of Rafe Colburn as its new Chief Technology Officer, effective May 5, 2025. Colburn, who previously served as Chief Technology & Product Officer at Depop, is returning to Etsy after a decade. Meanwhile, Etsy’s financial performance has drawn varied reactions from analysts. Guggenheim maintained a Buy rating on the company but reduced its price target to $70, citing a shortfall in fourth-quarter Gross Merchandise Sales (GMS) by approximately 3%. Despite this, the company achieved a 3-4% adjusted EBITDA beat due to improved take rates and cost of revenue leverage. Cantor Fitzgerald also adjusted its outlook, cutting the price target to $43 while maintaining a Neutral rating, noting that fourth-quarter GMS fell short of expectations by 3%. Loop Capital reiterated a Sell rating with a $40 price target, highlighting ongoing declines in GMS and uncertainties in revenue streams. Additionally, JPMorgan maintained a Neutral rating with a $50 price target, emphasizing potential challenges due to tariffs despite Etsy’s limited direct exposure. These developments reflect a mixed sentiment from analysts regarding Etsy’s current market position and future prospects.
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