Etsy's CAO Merilee Buckley Fully Exits Direct Equity Ownership with $329,400 Sale
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 13h ago
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Source: Fool
- Executive Stock Sale: Etsy's Chief Accounting Officer Merilee Buckley exercised 9,099 employee stock options, selling 5,636 shares for approximately $329,400, fully exiting direct equity ownership, which indicates a cautious outlook on the company's future.
- Tax Handling: In this transaction, Buckley withheld 3,463 shares for tax liabilities, consistent with standard equity award management procedures, reflecting the company's transparency in employee equity management.
- Historical Trade Comparison: This transaction marks Buckley's complete exit from direct holdings, contrasting with her previous average sales of only 3,293 shares, highlighting the scale and significance of this event, which may influence investor perceptions of executive confidence in the company.
- Market Performance Context: The sale occurred at a share price of approximately $58.45, reflecting a total return of 14.62% for Etsy over the past year, although Buckley's complete exit may raise concerns in the market regarding the company's future performance.
Analyst Views on ETSY
Wall Street analysts forecast ETSY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ETSY is 70.33 USD with a low forecast of 52.00 USD and a high forecast of 81.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
25 Analyst Rating
8 Buy
15 Hold
2 Sell
Hold
Current: 61.230
Low
52.00
Averages
70.33
High
81.00
Current: 61.230
Low
52.00
Averages
70.33
High
81.00
About ETSY
Etsy, Inc. operates two-sided online marketplaces that connect buyers and sellers around the world. The Company's primary marketplace, Etsy.com, is the global destination for goods made by independent sellers. In addition to its core Etsy marketplace, its House of Brand consists of Depop Limited (Depop), which is its fashion resale marketplace. Each marketplace primarily operates independently, while benefiting from shared expertise in product development, marketing, technology, and customer support. The Company's top six retail categories on the Etsy marketplace include homewares and home furnishings, jewelry and personal accessories, apparel, craft supplies, paper and party supplies, and toys and games.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
