Etsy Inc (ETSY) Files Form 4 Insider Selling : John Allspaw Sells 206,312 Shares

Etsy Inc (ETSY): John Allspaw , Chief Technology Officer of Etsy Inc sold 206,312 shares on Jun 20, 2016. The Insider selling transaction was reported by the company on Jun 22, 2016 to the Securities and Exchange Commission. The shares were sold at $10.00 per share for a total value of $2,063,120.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 10, 2016, Frederick R Wilson (director) sold 30,130 shares at $8.23 per share price.On Jan 21, 2016, James Breyer (director) sold 474,193 shares at $6.76 per share price.

Etsy Inc: On Monday, Jun 20, 2016 heightened volatility was witnessed in Etsy Inc which led to swings in the share price. The shares opened for trading at $9.86 and hit $10 on the upside , eventually ending the session at $10, with a gain of 2.88% or 0.28 points. The heightened volatility saw the trading volume jump to 15,84,026 shares. The 52-week high of the share price is $23.44 and the company has a market cap of $1,131 M . The 52-week low of the share price is at $6.04.

Etsy Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Etsy Inc is Initiated by Maxim Group to Buy and the brokerage firm has set the Price Target at $12. The Rating was issued on May 26, 2016.Etsy Inc is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 11 from a previous price target of $10 .The Rating was issued on May 4, 2016.Etsy Inc is Reiterated by Wedbush to Neutral and the brokerage firm has raised the Price Target to $ 10 from a previous price target of $9 .The Rating was issued on May 4, 2016.

Etsy Inc. operates a marketplace where people connect both online and offline to make sell and buy goods. The Company operates at the center of macroeconomic trends in online and mobile commerce employment consumption and manufacturing. Its sellers offer goods in online retail categories including jewelry stationery clothing home goods craft supplies and vintage items. The Company supports a range of artists makers designers and collectors. The Company’s community is made up of entrepreneurs who sell on its platform consumers looking to buy goods in its marketplace manufacturers who help its sellers grow their businesses and its employees who maintain its platform. The Company offers a range of services for its sellers which include promoted listings direct checkout and shipping labels. It also provides a range of tools for its buyers including communication search and discovery and mobile.

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