Overstock.com, Inc. (OSTK) Insider Sells $195,000.00 in Stock

Overstock.com, Inc. (NASDAQ:OSTK) insider Jonathan E. Johnson III sold 4,000 shares of Overstock.com stock in a transaction on Friday, December 1st. The stock was sold at an average price of $48.75, for a total transaction of $195,000.00. Following the transaction, the insider now directly owns 42,092 shares in the company, valued at $2,051,985. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Overstock.com, Inc. (NASDAQ:OSTK) traded up $3.66 during midday trading on Monday, hitting $45.96. 3,131,461 shares of the stock were exchanged, compared to its average volume of 729,765. Overstock.com, Inc. has a 52 week low of $13.75 and a 52 week high of $65.70. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 0.33.

Overstock.com (NASDAQ:OSTK) last announced its quarterly earnings results on Wednesday, November 8th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.06. The company had revenue of $424.00 million for the quarter, compared to analysts’ expectations of $452.60 million. Overstock.com had a negative net margin of 0.61% and a negative return on equity of 4.95%. Overstock.com’s quarterly revenue was down 4.0% on a year-over-year basis. equities analysts anticipate that Overstock.com, Inc. will post -0.47 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on OSTK. DA Davidson lifted their price target on shares of Overstock.com from $57.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. They noted that the move was a valuation call. BidaskClub raised shares of Overstock.com from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th.

Several hedge funds and other institutional investors have recently made changes to their positions in OSTK. Public Employees Retirement System of Ohio boosted its position in shares of Overstock.com by 16.2% during 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 in the last quarter. SG Americas Securities LLC bought a new stake in Overstock.com in the 3rd quarter valued at $109,000. American International Group Inc. lifted its position in Overstock.com by 7.0% in the 1st quarter. American International Group Inc. now owns 8,130 shares of the company’s stock valued at $140,000 after acquiring an additional 535 shares in the last quarter. SpiderRock Advisors LLC bought a new stake in Overstock.com in the 3rd quarter valued at $145,000. Finally, AXA bought a new stake in Overstock.com in the 2nd quarter valued at $176,000. 47.74% of the stock is currently owned by institutional investors.

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About Overstock.com

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.

Insider Buying and Selling by Quarter for Overstock.com (NASDAQ:OSTK)

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