Insider Selling: Overstock.com, Inc. (OSTK) Insider Sells 4,000 Shares of Stock
Overstock.com, Inc. (NASDAQ:OSTK) insider Jonathan E. Johnson III sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $46.80, for a total transaction of $187,200.00. Following the completion of the transaction, the insider now directly owns 44,092 shares in the company, valued at $2,063,505.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Overstock.com (NASDAQ:OSTK) last released its quarterly earnings data on Thursday, August 3rd. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.32). Overstock.com had a negative return on equity of 6.36% and a negative net margin of 0.73%. The business had revenue of $432.02 million during the quarter.
A number of equities analysts recently weighed in on OSTK shares. DA Davidson boosted their price target on shares of Overstock.com from $28.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, September 28th. BidaskClub raised shares of Overstock.com from a “hold” rating to a “buy” rating in a report on Saturday, August 12th.
A number of large investors have recently made changes to their positions in OSTK. Public Employees Retirement System of Ohio boosted its position in Overstock.com by 16.2% in the first quarter. Public Employees Retirement System of Ohio now owns 6,124 shares of the company’s stock worth $105,000 after purchasing an additional 854 shares during the last quarter. SG Americas Securities LLC purchased a new position in Overstock.com in the first quarter worth about $122,000. American International Group Inc. boosted its position in Overstock.com by 7.0% in the first quarter. American International Group Inc. now owns 8,130 shares of the company’s stock worth $140,000 after purchasing an additional 535 shares during the last quarter. SpiderRock Advisors LLC purchased a new position in Overstock.com in the third quarter worth about $145,000. Finally, AXA purchased a new position in Overstock.com in the second quarter worth about $176,000. 43.51% of the stock is currently owned by institutional investors and hedge funds.
Overstock.com, Inc is an online retailer and incubator of blockchain technology. Through its online retail business, the Company offers a range of price-competitive brand name, non-brand name and closeout products, including furniture, home decor, bedding and bath, housewares, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods.
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