Whetstone Capital Advisors LLC Has $3.91 Million Stock Holdings in Eventbrite, Inc. (NYSE:EB)

Whetstone Capital Advisors LLC raised its position in Eventbrite, Inc. (NYSE:EB - Free Report) by 74.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,432,555 shares of the company's stock after acquiring an additional 612,173 shares during the quarter. Eventbrite makes up about 1.9% of Whetstone Capital Advisors LLC's investment portfolio, making the stock its 20th largest holding. Whetstone Capital Advisors LLC owned 1.49% of Eventbrite worth $3,911,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of EB. Dynamic Technology Lab Private Ltd bought a new position in shares of Eventbrite in the third quarter valued at about $756,000. Algert Global LLC grew its stake in Eventbrite by 28.5% in the 3rd quarter. Algert Global LLC now owns 739,768 shares of the company's stock valued at $2,020,000 after buying an additional 164,080 shares during the last quarter. Intech Investment Management LLC bought a new position in Eventbrite in the 3rd quarter valued at about $70,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Eventbrite by 46.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 476,033 shares of the company's stock worth $1,300,000 after acquiring an additional 149,934 shares during the period. Finally, Covestor Ltd grew its position in shares of Eventbrite by 68.3% in the third quarter. Covestor Ltd now owns 33,220 shares of the company's stock valued at $91,000 after purchasing an additional 13,483 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company's stock.

Insider Transactions at Eventbrite

In other news, CFO Charles Baker sold 20,000 shares of Eventbrite stock in a transaction on Friday, September 13th. The stock was sold at an average price of $3.03, for a total value of $60,600.00. Following the transaction, the chief financial officer now owns 628,152 shares in the company, valued at approximately $1,903,300.56. This trade represents a 3.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 21.46% of the stock is currently owned by insiders.

Eventbrite Price Performance

Eventbrite stock traded up $0.08 during trading hours on Monday, reaching $3.69. 3,119,274 shares of the stock were exchanged, compared to its average volume of 1,762,326. The stock has a 50 day moving average of $3.08 and a two-hundred day moving average of $3.95. The company has a market cap of $357.49 million, a P/E ratio of -41.00 and a beta of 2.29. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.34. Eventbrite, Inc. has a twelve month low of $2.51 and a twelve month high of $9.20.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Truist Financial cut Eventbrite from a "buy" rating to a "hold" rating in a report on Friday, August 9th. B. Riley reduced their target price on shares of Eventbrite from $10.00 to $5.00 and set a "buy" rating for the company in a research report on Friday, August 9th. KeyCorp lowered shares of Eventbrite from an "overweight" rating to a "sector weight" rating in a research report on Friday, August 9th. Piper Sandler downgraded shares of Eventbrite from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $9.00 to $4.00 in a report on Friday, August 9th. Finally, BWS Financial reaffirmed a "buy" rating and set a $7.00 target price on shares of Eventbrite in a report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Eventbrite currently has an average rating of "Hold" and an average target price of $6.58.

Eventbrite Profile

Eventbrite, Inc operates a two-sided marketplace that provides self-service ticketing and marketing tools for event creators in the United States and internationally. Its platform integrates components needed to plan, promote, and produce live events that allow creators to reduce friction and costs, enhance reach, and drive ticket sales.