Squarespace, Inc. (NYSE:SQSP - Get Free Report) CEO Anthony Casalena sold 38,900 shares of Squarespace stock in a transaction on Monday, September 30th. The shares were sold at an average price of $46.42, for a total transaction of $1,805,738.00. Following the completion of the sale, the chief executive officer now owns 1,229,920 shares of the company's stock, valued at approximately $57,092,886.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Anthony Casalena also recently made the following trade(s):
- On Tuesday, September 17th, Anthony Casalena sold 145,182 shares of Squarespace stock. The stock was sold at an average price of $46.33, for a total transaction of $6,726,282.06.
- On Wednesday, September 4th, Anthony Casalena sold 38,466 shares of Squarespace stock. The stock was sold at an average price of $45.26, for a total transaction of $1,740,971.16.
- On Thursday, August 8th, Anthony Casalena sold 68,659 shares of Squarespace stock. The shares were sold at an average price of $44.18, for a total value of $3,033,354.62.
- On Monday, July 15th, Anthony Casalena sold 59,882 shares of Squarespace stock. The stock was sold at an average price of $43.78, for a total value of $2,621,633.96.
Squarespace Price Performance
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NYSE SQSP opened at $46.43 on Thursday. The business's fifty day moving average is $45.28 and its 200-day moving average is $42.07. The stock has a market capitalization of $6.43 billion, a price-to-earnings ratio of -928.60, a PEG ratio of 8.30 and a beta of 0.62. Squarespace, Inc. has a one year low of $26.70 and a one year high of $46.48.
Squarespace (NYSE:SQSP - Get Free Report) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.07). The business had revenue of $296.80 million for the quarter, compared to analyst estimates of $293.12 million. The business's revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter last year, the company posted $0.03 earnings per share. Research analysts expect that Squarespace, Inc. will post 0.28 EPS for the current fiscal year.
Analysts Set New Price Targets
SQSP has been the subject of several recent research reports. Mizuho downgraded Squarespace from an "outperform" rating to a "neutral" rating and set a $44.00 price objective for the company. in a report on Monday, August 5th. UBS Group boosted their price target on shares of Squarespace from $44.00 to $46.50 and gave the company a "neutral" rating in a research note on Tuesday, September 10th. B. Riley lowered shares of Squarespace from a "buy" rating to a "neutral" rating and set a $43.00 price objective on the stock. in a research note on Tuesday, June 11th. Finally, Barclays boosted their target price on shares of Squarespace from $44.00 to $47.00 and gave the stock an "equal weight" rating in a research report on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Squarespace has a consensus rating of "Hold" and a consensus target price of $43.14.
View Our Latest Stock Analysis on SQSP
Hedge Funds Weigh In On Squarespace
Several institutional investors have recently bought and sold shares of SQSP. Glazer Capital LLC purchased a new position in shares of Squarespace in the second quarter valued at $96,206,000. Wellington Management Group LLP lifted its holdings in shares of Squarespace by 18.1% in the fourth quarter. Wellington Management Group LLP now owns 8,284,051 shares of the company's stock worth $273,457,000 after buying an additional 1,268,698 shares in the last quarter. Kodai Capital Management LP bought a new position in shares of Squarespace in the first quarter valued at approximately $36,938,000. Water Island Capital LLC purchased a new position in Squarespace during the second quarter valued at approximately $37,107,000. Finally, Vanguard Group Inc. grew its stake in Squarespace by 8.2% during the fourth quarter. Vanguard Group Inc. now owns 6,345,007 shares of the company's stock valued at $209,449,000 after acquiring an additional 479,712 shares in the last quarter. Hedge funds and other institutional investors own 92.30% of the company's stock.
About Squarespace
(
Get Free Report)
Squarespace, Inc operates platform for businesses and independent creators to build online presence, grow their brands, and manage their businesses across the internet in the United States and internationally. It enables users to manage their projects and businesses through websites, domains, e-commerce, marketing tools, scheduling, and hospitality services, as well as tools for managing a social media presence.
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