Insider Selling: Squarespace, Inc. (NYSE:SQSP) CEO Sells $1,805,738.00 in Stock

by · The Cerbat Gem

Squarespace, Inc. (NYSE:SQSP – Get Free Report) CEO Anthony Casalena sold 38,900 shares of Squarespace stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $46.42, for a total value of $1,805,738.00. Following the sale, the chief executive officer now directly owns 1,229,920 shares of the company’s stock, valued at $57,092,886.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Anthony Casalena also recently made the following trade(s):

  • On Tuesday, September 17th, Anthony Casalena sold 145,182 shares of Squarespace stock. The shares were 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 transaction 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 Stock Performance

Shares of NYSE SQSP opened at $46.49 on Friday. The firm has a market cap of $6.39 billion, a PE ratio of -929.80, 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 $46.54. The firm has a fifty day moving average of $45.33 and a 200 day moving average of $42.10.

Squarespace (NYSE:SQSP – Get Free Report) last released its quarterly earnings results on Friday, August 2nd. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.07). The company had revenue of $296.80 million for the quarter, compared to analysts’ expectations of $293.12 million. The firm’s revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.03 EPS. On average, equities analysts predict that Squarespace, Inc. will post 0.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Squarespace

Hedge funds have recently made changes to their positions in the company. Brooklyn FI LLC acquired a new stake in shares of Squarespace in the first quarter valued at about $679,000. Russell Investments Group Ltd. lifted its stake in Squarespace by 5.0% in the 1st quarter. Russell Investments Group Ltd. now owns 253,812 shares of the company’s stock worth $9,263,000 after purchasing an additional 12,180 shares in the last quarter. UBS Group AG boosted its holdings in shares of Squarespace by 137.9% during the 4th quarter. UBS Group AG now owns 271,617 shares of the company’s stock worth $8,966,000 after purchasing an additional 157,462 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Squarespace by 5.6% in the first quarter. Vanguard Group Inc. now owns 6,699,064 shares of the company’s stock valued at $244,114,000 after purchasing an additional 354,057 shares in the last quarter. Finally, Hawk Ridge Capital Management LP acquired a new stake in shares of Squarespace in the fourth quarter valued at approximately $9,648,000. Institutional investors and hedge funds own 92.30% of the company’s stock.

Analyst Upgrades and Downgrades

SQSP has been the topic of a number of recent research reports. UBS Group upped their target price on Squarespace from $44.00 to $46.50 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. B. Riley lowered Squarespace from a “buy” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a research report on Tuesday, June 11th. Mizuho lowered shares of Squarespace from an “outperform” rating to a “neutral” rating and set a $44.00 target price for the company. in a report on Monday, August 5th. Finally, Barclays boosted their target price on shares of Squarespace from $44.00 to $47.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $43.14.

View Our Latest Report on Squarespace

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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