On August 20, 2024, Andy Ballard, Director at Etsy Inc (NASDAQ:ETSY), completed a sale of 1,860 shares of the company’s stock. The transaction was reported through an SEC filing on the same day. Following this transaction, the insider now owns 3,318 shares of Etsy Inc.
Etsy Inc. operates a marketplace where people from around the world connect online and offline to make, sell, and buy unique goods. The platform includes handmade items, vintage items, and craft supplies.
Over the past year, the insider has sold a total of 3,735 shares and made no purchases. This recent sale is part of a broader trend seen at Etsy Inc., where there were 25 insider sales and no insider purchases over the past year.
On the day of the last transaction, Etsy Inc.’s share price was $53.84, giving the company a market capitalization of approximately $6.23 billion. The price-to-earnings ratio is 25.53, which is above the industry average of 17.155.
The stock is valued at $111.19 according to GF Value, which corresponds to a price-GF Value ratio of 0.48. This indicates that Etsy Inc. is significantly undervalued. GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor and estimates of future business performance.
This insider selling activity may be of interest to investors tracking ownership changes and assessing the stock’s current market position and valuation.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
