WHAT HAPPENED
s stock. According to MarketBeat. com, the stock has a consensus rating of Key PointsEtsy insider Richard Edward Colburn III sold 8,252 sharesfor approximately $677,407 under a pre-arranged Rule 10b5-1 plan, reducing his direct ownership by 55. Analysts maintain a consensus “Hold” rating, although several recently raised their targets, including Needham’s increase to $100. 5%; Etsy also authorized $2 billion in buybacks and plans to cut about 12% of its workforce. Following the completion of the sale, the insider directly owned 6,503 shares in the company, valued at $533,831.
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